Compliance Manager

Brightwell Payments, Inc.; Atlanta (GA); Remote; USD 70,000 - 110,000; Full time

Job summary

An innovative payments company is seeking a Compliance Manager to lead efforts in navigating regulatory landscapes and ensuring compliance with consumer prepaid card regulations. This remote position offers the chance to work with a dynamic team focused on risk assessment and fraud mitigation while providing guidance on regulatory requirements for product development. The ideal candidate will have extensive experience in compliance, particularly with prepaid cards, and will play a crucial role in fostering a strong compliance culture within the organization. Join a vibrant team that values professional growth and innovation.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401k

Paid Vacation

Parental Leave

Flexible Spending Accounts

Professional Development Opportunities

Qualifications

• 5+ years of compliance experience with expert knowledge of industry regulations.
• Advanced knowledge of Regulation E, Dodd-Frank Act, UDAAP, etc.

Responsibilities

• Identify regulatory risks and develop risk mitigation plans.
• Provide guidance on consumer-facing financial regulations.
• Oversee regulatory Compliance Risk Assessments.

Skills

Regulatory Compliance

Risk Assessment

Fraud Mitigation

Consumer Financial Regulations

Team Leadership

Education

Bachelor’s Degree in a related field

Tools

Compliance Management Software

Job description

Join to apply for the Compliance Manager role at Brightwell

What We Do
Brightwell is a pioneering payments company dedicated to providing innovative solutions and technology for global money transfers while navigating the intricate landscape of regulatory requirements. Through strategic partnerships and technological advancements, Brightwell facilitates cross-border payments, offering a range of options including bank transfers, mobile wallets, and cash transactions. With a focus on unparalleled fraud detection and transaction monitoring supported by a team of global payment experts, Brightwell empowers businesses and individuals to seamlessly manage and move money worldwide.

Who We Need
We’re searching for a Compliance Manager to join our crew. As Compliance Manager, you will be our go-to resource for all things pertaining to consumer prepaid card compliance and fraud mitigation. You will lead efforts to evaluate existing regulations, perform risk assessments, provide regulatory guidance on product development, and review and monitor testing routines. This is NOT an AML/BSA position. As the Compliance Manager at Brightwell, you should have an in-depth knowledge of the consumer compliance elements of the business. We’re searching for someone who can act in an advisory capacity for their peers and others within the organization as a compliance subject matter expert with the goal of supporting an enhanced compliance culture.

Reports to the Director of Compliance / BSA Officer.

This is a REMOTE position, based in the U.S. Some travel will be required. Eligible states of residence: CO, FL, GA, IL, TX

As a part of our selection process, we require all Brightwell candidates to complete a 10-minute survey which you can find here: Culture Index Survey. This confidential survey allows us to match your unique strengths with our open positions.

What You’ll Do:

1. Identify current and emerging regulatory risks and develop and implement risk mitigation plans.
2. Provide subject matter expertise and guidance on consumer-facing financial regulations (Regulation E, Dodd Frank Act, UDAAP, etc.).
3. Provide oversight of marketing and advertising programs, including approval processes and regulatory submissions.
4. Advise product and engineering teams on regulatory requirements related to new products and product enhancements.
5. Oversee the execution of risk assessment activities (ad hoc controls review, third-party risk management, risk and control self-assessment, and independent risk and audit activities).
6. Handle inbound inquiries and audit/information requests from bank and remittance partners, other business units, and compliance related queries from customers.
7. Partner with our internal team, sponsor bank, banking partners, and remittance partners to grow and scale.
8. Oversee regulatory Compliance Risk Assessments (CRA) for line of business and/or legal entity products, including new products, current products, deal reviews, marketing, and contracts.
9. Conduct periodic training within the team and for the larger organization as required due to regulation.
10. Manage special projects and take on other duties as assigned.
11. Draft, update and enforce company policies to align with regulatory requirements.
12. Create compliance training materials for employees.

As Compliance Manager, you have:

1. Bachelor’s degree in a related field or demonstrated knowledge.
2. 5+ years of compliance experience with expert knowledge of relevant industry regulations and regulatory compliance.
3. 5+ years of experience working specifically with prepaid cards.
4. Advanced knowledge of federal laws, rules, and regulations, including Regulation E, Dodd-Frank Act, UDAAP, etc.
5. General understanding of federal supervisory guidance, including but not limited to letters, bulletins, manuals, handbooks, proposals, and statements from the Federal Reserve, OCC, and CFPB.
6. Proven experience in motivating teams, along with the ability to build strong rapport and establish trust and credibility through a consultative approach.
7. Robust planning, organizational, and analytical/problem solving skills.
8. Certified Regulatory Compliance Manager (CRCM) certification highly desired but not required.

What We’re Offering in Return

1. Freedom: We empower you to take ownership of your work and excel in your role.
2. Professional Development: We support your growth and provide opportunities for advancement.
3. Entrepreneurship: We value innovation and welcome individuals with a passion for driving change.
4. Benefits: Medical, dental, vision, disability insurance, 401k, flexible spending accounts, parental leave, paid vacation, and more.
5. Culture: Join a vibrant and inclusive team with opportunities for social and professional engagement.

Brightwell is an equal opportunity employer (EOE) committed to employing a diverse workforce and sustaining an inclusive culture.