VP of Global Compliance
Wyre, Inc., United States
Job Description
In order to port over the next billion people into a secure and open financial system, you’re going to need a network of applications that connect to the fiat world Wyre’s APIs make that happen.
Our mission is to empower fintech projects to execute on their vision by offering them secure access to the largest financial network in the world (the Wyre Network).
To accomplish this mission, we’ve built a simple set of tools that allows fintech projects to materialize their visions. (1) Our instant Fiat-to-Crypto Checkout gateway is now being used by hundreds of applications (ie. MetaMask, Opera, BRD) to offer the best way to convert card payments into crypto, and (2) our flexible APIs (Transfers API, Custody API, Users API), allow project to build e-wallets, merchant processing services, and money transfer platforms from the ground up.
We focus on compliance, licensing, regulatory, liquidity and payment processing aspects so our partners can do what they do best, creating amazing tools on the blockchain.
Wyre is looking for a highly motivated, versatile, and experienced VP of Global Compliance who will help grow the global regulatory and AML/BSA program. Your core mission will be to promote a culture of compliance awareness by enhancing global AML/KYC controls and processes, building and managing an enthusiastic global compliance team, be a critical key decision maker in a rapidly growing product and services, and staying in the forefront of all new regulations which are prudent to Wyre's business lines.
This role reports directly to the CEO.
Responsibilities
- Lead and grow the Global Compliance Team
- Implement compliance program regarding OFAC/BSA/USA PATRIOT Act obligations and state money transmitter requirements in the US, and ML and Terrorist Financing analogs in Europe, North America, and Asia
- Serve as the lead to all regulatory inquiries, including state, federal, and international. Understand evolving regulatory landscape and requirements for FinCEN, SEC, OCC, CFTC, FCA and others
- Become a dedicated resource to our business and product, with a focus on driving regulatory strategy and engagement
- Oversee the management of all compliance issues, including regulatory compliance, consumer compliance, transaction monitoring, quality control, continuing education/tracking and data privacy
- Lead risk assessments and implement compliance monitoring and testing program
- Prepare and present regulatory reports, annual compliance testing and remediation reports to senior management and the Board of Directors as appropriate
- Manage the engagement of third party firms, performing any policies and procedural reviews and audits Evaluate risk-mitigation vendor capabilities including establishing vendor solution performance objectives
- Develop and lead employee training sessions on internal compliance policies and regulatory compliance issues. Conduct enterprise-wide monitoring and testing programs covering identified compliance risks
Requirements
- 10+ years of comprehensive regulatory compliance experience
- Proven ability to lead, prioritize commitments, independently problem-solve, and manage with a team
- Strong understanding (and love) of blockchain and cryptocurrency regulation on a global scale
- Bachelor’s degree, with a law degree preferred
- Knowledge and experience in retail payments (including credit/debit cards, international remittances and mobile payments), data/privacy (GDPR), and financial services consumer protection and fraud regulations
- Background in implementing and developing global AML/KYC/KYB/CIP, fraud, payments, and banking operations compliance programs
- Effective verbal and written communications skills with the ability to communicate with staff at all levels of the organization as well as with external partners and regulators
Benefits
- Enjoy a highly fulfilling, mission-driven culture
- You are an owner! We offer stock options to each of our employee
- An opportunity to build the future and freedom to work wherever you want
- Fair pay, no matter where you live along with a competitive benefits package
- Health, dental, and vision benefits for you and your family
- Life insurance and disability benefits
- Equity options for all full-time employees
- 401(k) plan with corporate matching
- Computer setup of your choice
- Unlimited paid time off to relax and recharge
- Flexible work hours
- Opportunity to work in a growing startup