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Senior Manager, Compliance

Remitly

Remitly

Legal
Seattle, WA, USA
Posted on Thursday, August 24, 2023

Job Description:

The Senior Manager, Internal Controls Testing will drive the development of the Compliance Control Library and once developed will oversee the planning, design, and execution of testing projects. You will be responsible for evaluating the efficiency and effectiveness of our internal controls and report on these findings to senior management with your recommendations. You will work closely with senior members of the Internal Controls Testing team to evaluate and communicate compliance risk, and help define annual testing priorities. You will also manage testing projects and in instances where observations are made, you will collaborate with process owners to develop remediation actions and timelines for completion. You will be responsible for supervising staff assigned to the testing projects including providing feedback and coaching on the project deliverables. This role will report to the Head of Global Compliance Internal Testing and will be based in Seattle or US Remote. #LI-Remote

Remitly is on a mission to transform the lives of immigrants and their families by providing the most trusted financial products and services on the planet. Since 2011, we have been tirelessly delivering on our promises to immigrants sending their hard earned money home. Today, we are reimagining international payments at scale and building new products to create deeper relationships with our customers and their loved ones across the globe. Join over 2,700 employees across 10 offices who are growing their careers while having a positive impact on people globally.

About the Role:

You will play an important role in providing assurance and advisory services and your responsibilities will include:

  • Drive Advisory projects to build the Compliance Control Library.

  • Manage advisory and assurance compliance testing projects in line with the Remitly Compliance Annual Testing plan.

  • Manage and mentor analysts and drive forward activities associated to advisory and assurance planning, fieldwork, and reporting in support of testing projects.

  • Interface between Compliance and business units in order to align on how compliance requirements are operationalized.

  • Manage end-to-end testing lifecycle, including test planning, fieldwork, reporting, and remediation validation/tracking.

  • Evaluate adequacy and effectiveness of policies, procedures, processes, and internal controls.

  • Prepare reports to document testing scope as part of the planning process and testing memos at the completion of each review to include controls tested, control ratings, observations, and recommendations.

  • Communicate with and educate process owners effectively on the importance of controls, an effective control environment, and the role of Internal Controls Testing.

  • Serve as a trusted advisor and subject matter expert in AML/CTF, Consumer Protection, and Consumer Fraud regulatory requirements and industry best practices.

You Will:

  • 10+ years of experience with regulatory requirements, industry best practices, and identification of risks in the following areas: Anti-Money Laundering, Counter-Terrorism Financing (AML/CTF), Consumer Protection, and Consumer Fraud.

  • 10+ years of experience working in Compliance Internal Controls Testing, Internal Audit, or regulatory examinations with a financial services company, Fintech, consulting firm, or financial services regulator.

  • Experience documenting controls from the review of policies, procedures, processes, and/or walkthroughs when documentation is limited or non-existent.

  • Experience creating and ongoing-management of a compliance control library.

  • Experience managing multiple testing projects in the financial services regulatory/risk management space.

  • Experience communicating risks and resulting mitigations to process owners.

  • Experience providing consultancy services, change management, and process improvement projects.

  • 7+ years of experience supervising and mentoring staff.

  • Experience with data analytics, data analytics tools, and audit management systems.

Business Partner

  • Ability to communicate regulatory compliance requirements and influence outcomes

  • Ability to provide context on alignment of regulatory requirements, better customer outcomes, and business opportunities

  • Enjoy partnering with others and managing stakeholders

Problem Solver

  • Root cause analysis strengthened by the use data to make recommendations

  • Ability to drive forward opportunities for control enhancement

Our Benefits

  • Flexible paid time off

  • Health, dental, and vision benefits + 401k plan with company matching

  • Company contributions to your HSA if you choose one

  • Employee Stock Purchase Plan (ESPP) available for eligible employees

  • Continuing education and corridor travel benefits

Remitly is an Equal Opportunity Employer. Equal employment opportunity has been, and will continue to be, a fundamental principle at Remitly. We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an E-Verify Employer

Compensation Details. The starting base salary range for this position is typically$128,000- $160,000. In the U.S., Remitly employees are shareholders in our Company and equity is part of our total compensation plan. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.