Offer summary

Qualifications:

Bachelor’s degree in Business Administration, Compliance, Law, or a related field., 3+ years of experience in regulatory compliance, license management, or financial services., Strong understanding of money transmitter license requirements and state/federal regulatory frameworks., Excellent organizational skills and strong written and verbal communication skills..

Key responsabilities:

Manage and submit money transmitter license applications and advanced change notices.

Monitor compliance with state and federal regulations and track changes in licensing requirements.

Oversee annual license renewals and manage state regulatory examinations.

Maintain and update a centralized licensing database and collaborate with internal teams for documentation.

Job description

About Netchex

We’re Netchex - the fastest growing Payroll, Human Resource, Time and Attendance, and Benefits services company in America. We give HR professionals time to work on what drives their businesses forward by providing efficient tools and quality personal service. We tackle big challenges, take pride in our work, and learn early and often so we can delight our clients with solutions that solve their problems every day.

Overview

We are looking for a seasoned Regulatory Licensing Manager to take charge of our Money Transmitter License (MTL) portfolio. This role involves ensuring compliance with state and federal regulations, managing state licensing applications and filings, coordinating reporting submissions, maintaining a comprehensive licensing database, and overseeing compliance audits by regulatory agencies. This position is crucial for upholding the company's regulatory obligations.

Key Responsibilities

Application Management

Submit money transmitter license applications and advanced change notices.
Communicate with state regulators for timely approvals.

Reporting Requirements

Manage and submit quarterly and annual financial reports.
Submit uniform authorized agent reports.

Regulatory Compliance

Monitor compliance with state and federal regulations.
Track and implement changes in licensing requirements.
Maintain compliance with surety bond or security requirements.

Examination and Renewal Oversight

Manage state regulatory examinations and responses.
Oversee annual license renewals.
Resolve regulatory issues related to active licenses.

Operational Coordination

Collaborate with internal teams for documentation.
Address state-reported customer complaints.

Data and Record Management

Maintain and update a centralized licensing database.

Qualifications:

Bachelor’s degree in Business Administration, Compliance, Law, or a related field.
3+ years of experience in regulatory compliance, license management, or financial services.
Strong understanding of money transmitter license requirements and state/federal regulatory frameworks.
Proven experience with regulatory reporting and managing licensing applications.
Excellent organizational skills, project management, and attention to detail.
Strong written and verbal communication skills to liaise effectively with regulators and internal teams.
Proficiency with compliance software or database management tools, including NMLS, is a plus.

Why Join Netchex?

Innovative Environment: Dynamic and cutting-edge HR and payroll technology.
Career Growth: Numerous opportunities for advancement and skill enhancement.
Collaborative Culture: Supportive team valuing creativity and teamwork.
Impactful Work: Directly improve business success and employee experiences.
Comprehensive Benefits: Competitive salaries, great benefits, and work-life balance.
Cutting-Edge Tools: Work with the latest technology to drive growth and efficiency