Head of Compliance

PingPong Payments; New York (NY); On-site; USD 130,000 - 175,000; Full time

Job summary

PingPong Payments, a growing FinTech company, seeks a Compliance Director to ensure adherence to regulations in the U.S. and Canada. The role involves developing compliance programs, managing risks, and advising on legal matters. Successful candidates will have extensive experience in compliance within fintech.

Qualifications

• Minimum of 10 years working experience in compliance.
• Minimum of 2 years managerial experience in a similar role at a fintech payment company.
• Sound knowledge of local regulations including BSA/AML and OFAC Sanctions.

Responsibilities

• Develop and implement North America Compliance Program covering legal requirements.
• Identify and manage compliance risks across business activities.
• Advise management on new regulatory developments and recommend policies.

Skills

Strong written and spoken communication skills

Analytical skills

Leadership skills

Open-minded to new technologies

Deep understanding of international payment products

Self-starter

Organized

Pragmatic decision-making

Education

Bachelor’s degree or above in related area

Job description

PingPong is a fast growing FinTech company with a global presence across United States, Canada, EU, UK, China, Hong Kong SAR, Japan and other jurisdictions. The company has gained recognition for providing innovative payment solutions to global e-commerce merchants and cross-border businesses. PingPong Global Solutions is a registered MSB with FinCEN and FINTRAC, and holds Money Transmitter Licenses in 40+ states.

We are seeking a highly motivated and experienced Compliance Director to join our team. The successful candidate will be responsible for ensuring that the company stays in compliance with all relevant laws and regulations in the United States and Canada while also supporting business growth and delivering a positive customer experience.

Main Responsibilities

• Develop and implement North America Compliance Program and its related activities, covering all compliance regimes including regulatory compliance, licensing, AML/CFT, Sanctions, and Anti-corruption, etc.
• Identify, assess and manage compliance risks across business activities of the company and subsidiaries.
• Maintain current and extensive knowledge on relevant laws and regulatory guidelines; advise the Board and Management, train staff on new regulatory developments and recommend appropriate policies, procedures and internal controls accordingly.
• Monitor adherence to all relevant laws, regulations and internal policies and procedures.
• Provide regulatory reports timely and accurately as required, including MSB reports, SARs and OFAC reports, etc.
• Support regulatory examinations, license renewals, and other regulatory inquiries; maintain constructive communication and relationship with regulators.
• Proactively involve in the development and implementation of adequate compliance controls to new business initiatives and products.
• Manage effective due diligence and monitoring program to third parties and vendors.
• Oversee the effectiveness of the programs through compliance testing, internal and external audits.
• Lead the acquisition and maintenance of all business and regulatory required licenses, which may cover countries in other regions.
• Work collaboratively with other departments to deliver positive customer experience while maintaining compliance standards.
• Build and drive a high-performing compliance team.

QUALIFICATIONS

Education and Experience

• Bachelor’s degree or above in related area
• Minimum of 10 years working experience in compliance
• Minimum of 2 years managerial experience in a similar role at a fintech payment company
• Sound knowledge of local regulations and requirements, including BSA/AML and OFAC Sanctions requirements
• Hands-on experience with anti-money laundering compliance and product compliance in payments or money service businesses
• Experience in applying technology solutions to compliance programs is preferred

Experience in working with international stakeholders is preferred

Skills and Abilities

• Strong written and spoken communication skills, analytical and leadership skills.
• Open-minded to new technologies and innovation.
• Deep understanding of international payment products.
• Self-starter with ability to flourish in high-pressure and evolving environment.
• Organized, autonomous, and pragmatic with sound judgment.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Quality Assurance

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