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Sr. Manager Product Compliance



Product, Legal
Multiple locations
Posted on Monday, June 24, 2024

Job Description:

Remitly's vision is to transform lives with trusted financial services that transcend borders. Since 2011, we have been tirelessly delivering on our promises to people who send money around the world. Today, we are reimagining global financial services and building products that extend beyond traditional barriers to give customers access to more of the services they need, no matter where they call home. Join over 2,700 employees worldwide who are growing their careers with purpose and connection with our customers while having a positive impact on millions of people around the globe.

About the Role:

Reporting to the Director of Compliance Services, the Product Compliance Manager will lead a small team playing a crucial role in managing and optimizing the compliance framework for Remitly's lending and stored value products. In this role you will provide strategic guidance on new products and establish compliance programs that enable business and adhere to regulatory requirements. The ideal candidate will bring substantial experience in compliance within the financial services industry, particularly with lending, payments, and wallet products, and will be adept at navigating a complex regulatory landscape.

You Will:

  • Collaborate with product and engineering teams to design and integrate compliance controls into product development and operations.
  • Build productive relationships with compliance teams at partner banks
  • Develop and maintain comprehensive compliance programs for Remitly's products
  • Monitor and ensure compliance with federal, state, and international regulations, including AML, KYC, and consumer protection laws
  • Conduct risk assessments and develop strategies to mitigate compliance risks associated with new and existing products
  • Stay up to date with regulatory changes and provide timely updates and training to relevant stakeholders
  • Liaise with regulatory bodies and support regulatory examinations and audits
  • Prepare and submit compliance reports to senior management and regulatory authorities as required

You Have:

  • Bachelor's degree in Law, Business, Finance, or a related field. Advanced degree or certifications (e.g., CAMS, CRCM) preferred.
  • 5+ years of experience in a compliance role within the financial services industry, with a focus on lending and payments.
  • In-depth knowledge of U.S. and international regulatory requirements related to financial services, including AML and KYC.
  • Ability to solve complex issues with practical solutions.
  • Ability to convey technical concepts to non-technical partners.
  • Demonstrated leadership capabilities, with experience building consensus and driving change in a collaborative environment.

Compensation Details. The starting base salary range for this position is typically $142,000-$162,000. 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.

Our Benefits:

  • Flexible paid time off
  • Health, dental, and vision benefits + 401k plan with company matching
  • Paid parental, medical, military and family care leave.
  • Mental Health & Family Forming Benefits
  • Employee Stock Purchase Plan (ESPP)
  • Continuing education and corridor travel benefits

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

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