Senior Compliance Associate, North America - 12 month contract

OFX is a leading financial operations company providing businesses and accounting firms with real-time financial control and visibility to do business anywhere in the world. With an innovative platform and 24/7 human support, OFX automates and simplifies doing business across borders, reducing risk and eliminating routine operational tasks. Offering global business accounts, payments to 180 countries in 30+ currencies and currency risk management solutions to simplify global payments. OFX further enhances business operations by providing corporate cards with spend management, bill payments, vendor management, and integrations with popular accounting and HRIS software, to help achieve better business solutions so accounting firms and businesses thrive.

Headquartered in Sydney, Australia, with offices globally, in the United States, Canada, United Kingdom, Ireland, New Zealand, Singapore and Hong Kong. OFX has been a trusted innovator in global money movement for over 25 years.

Job Description

The Senior Compliance Associate contributes Compliance expertise to the Risk and Compliance and Money Transmission Licensing function as well as to other departments within OFX to ensure all areas have the knowledge required to maintain compliance with our North American obligations. They are responsible for assessing, managing and enhancing the day-to-day compliance advisory functions for the North American OFX entities (US and Canada) and will work closely with senior members of the North American Licensing and Compliance function, as well as executive leaders across the Legal, Data and Finance functions within OFX globally.  Initially, this role will primarily focus on money transmission licensing coordination relative to key individual and regulatory reporting obligations and will transition into other Compliance advisory tasks as the team structure is enhanced to meet business transformation needs. 

The focus areas for this role

• Money Transmission Licensure protocols and reporting in the US
• Regulatory reporting, and data analytics/visualization 
• Data Analysis to support process design, implementation, and management 
• Understanding of Financial Crime Compliance obligations relevant to MSBs (BSA, and PCMLTFA)
• Regulatory/legislative review and application relative to money transmission across North America (US licensing, RPAA, AML, OTC Derivatives, Card products, etc.)
• Policy review and implementation/operationalization
• Contribute to the update / review of Programs, Policies and Standards as applicable. 
• Support the NA Licensing Manager, NA Senior Compliance Officer and the Head of NA Compliance in new and emerging regulations compliance applicable to money transmission, consumer protections, and derivatives.
• Promote efficiency through data analytics, automation, and reporting.
• Promote development and cohesion throughout compliance teams across the company.
• Other ad hoc tasks/projects as assigned.

Key Aspects of the Role

• Ensure compliance with Money Transmission Licensure reporting obligations, call reporting, key individuals, and significant events.
• Provide prompt and thorough advice and guidance to the business and stakeholders on enquiries and complex matters.
• Work effectively across the NA and global Compliance teams
• Support the work done within the NA Compliance, and at times global Compliance function
• Identify and progress control and process improvement opportunities.
• Provide support to and leadership as a key member of the Compliance function.

Qualifications

• 3+ years’ experience in a similar role in Risk and Compliance, or Auditing, ideally within financial services, Legal, and/or data analytics. 
• Knowledge of current Money Transmission licensing and broader financial services obligations and frameworks in the NA region.
• Strong ability to extract, assess and gain insights from data, and experience in data visualization/management reporting.
• Adept at operating in a global collaborative environment with a flexible schedule.
• Ability to prioritize work and resources, keeping business objectives at the forefront of the decision-making process.
• Strong stakeholder management and problem-solving skills.
• Strong communication skills, both written and verbal.
• Ability to maintain high standards of accuracy and work under pressure to achieve deadlines.
• Demonstrated self-initiative and ability to work unsupervised.

We offer a competitive base salary of $110,000 - $120,000 USD. Exact salary offered will be dependent on multiple factors including level of experience, job-related knowledge, skills, work location, etc. 

What it's like working at OFX

We’re OFXers because we want to make a difference. We see challenges as opportunities and we’re not afraid to roll up our sleeves to get stuff done. We’re committed to making things easier for our clients, pushing boundaries and continuing to move with the times so that we can continue to inspire confidence every day and through every transaction.

We operate as one team, cross-functionally and globally, to drive outcomes that deliver excellence for our customers. We're curious self-starters who love learning and sharing our knowledge with others. We embrace change and use our initiative and resilience to overcome challenges.

• Always keep learning. We offer a wide range of learning and career development opportunities to help every OFXer build their capacity and career, with leadership training, secondments, internal mobility and access to a large library of online learning.
• Make a difference. Through our Make a Difference program, we encourage OFXers to give back to causes and communities that are important to them. We celebrate this with an annual volunteer day, which OFXers can use together or individually, as well as matched giving and the opportunity to nominate charity of choice every quarter.
• Reward and recognition. We recognise a job well done. OFXers are encouraged to celebrate their peers’ effort, technical expertise or support through a range of global and regional channels and awards, including quarterly and annual awards, milestones and shout outs.
• Showing our social side. Our Good Vibes employee-led committees around the globe organize events to help keep our employees engaged inside and outside the office. Whether it’s a wellbeing activity, end of year celebration, or a monthly team get-together, our team wants you to feel welcome!
• Benefits that mean something. We offer a range of fantastic benefits, including health insurance, primary and secondary gender neutral carer parental leave (16 weeks) or birthday leave, you'll feel well-supported at OFX.
• A great work environment. Enjoy work-life balance and flexibility with our hybrid work model, in an inclusive, diverse and non-hierarchal culture.

#LI-Hybrid

We may use artificial intelligence (AI) tools to support certain stages of the hiring process, which might include reviewing applications. While these AI tools are designed to help streamline the hiring process, the recruitment team maintains oversight of the hiring process. Final hiring decisions are always made by humans.

At OFX, we are committed to fostering a diverse, inclusive and accessible workplace where we value, respect, and encourage our people to be their authentic selves. With an employee base as diverse as the clients we serve, we know that fostering an inclusive workplace is fundamental to our continued success. If you require accommodation for any portion of the recruitment and hiring process, please email us at [email protected].

We encourage you to apply if this role aligns with your career aspirations.