Compliance Officer (Home Based Position) – Wave

Compliance Officer (Home Based Position)

Work Remotely from either of:
the United States, Canada, United Kingdom, France, Germany, Belgium, or Senegal.

Wave

Job Overview:

Our Mission

In 2018, immigrants worldwide sent over $600 billion home to family and friends, dwarfing foreign governmental aid. In the age of cheap, quick transfers through services like Paypal and Venmo, these people are trekking to stores to pay fees averaging over 7% for transfers that typically take 24 hours or more.

Wave’s mission is to change that by making sending money anywhere in the world easy and affordable. Since 2014, our app has allowed Africans in the US, the UK, and Canada to send money instantly to mobile money wallets in Kenya, Uganda, Ghana, Tanzania, and Nigeria saving our users over 70% relative to Western Union and MoneyGram.

How you’ll help us achieve it

A strong compliance team is the backbone of any money transfer business. The US Compliance Officer will work with our Chief Compliance Officer and our compliance team to fulfill our regulatory obligations in the US.

This position may grow with the business, as we establish new sending corridors and remittance markets. A successful candidate will be eager to learn (or already know) the regulatory landscape for money transmitters in the US and throughout the world.

Job Responsibilities:

• Be responsible for regulatory reporting to all states and jurisdictions in which Wave is licensed to operate. This includes but is not limited to Monthly, quarterly, and annual reporting, reporting of any material changes to the businesses, and maintaining sufficient surety bonds.
• Be responsible for maintaining active licenses in all states and jurisdictions in which Wave is licensed to operate, including overseeing the annual license renewals process.
• Assist with state examination and independent review preparation, facilitation, and implementation of recommendations from the report of examination
• Assist with Compliance Training for all Wave employees
• Assist with partner due diligence to ensure superior due diligence and good standing with all company partners including, but not limited to, bank partners, telecommunication companies, aggregators, and foreign counter-parties
• Be a critical member of the global business’s compliance team and provide support and assistance on an ongoing basis, which may include filing Suspicious Activity Reports (SARs), assisting with sanctions screening, and supporting the AML Monitoring Team

Job Requirements:

• Fluency in English
• Local work authorization in the United States
• Strong computer skills, meticulous attention to detail, and superior organization
• Background in compliance, financial institutions, government agencies, and/or money transfer businesses is a plus

You might be a good fit if you

• Are a self-starter, take initiative, self-manage and require little day-to-day direction to be successful
• Are quick to learn new information, processes, and procedures and can execute shortly thereafter
• Have excellent communication & project management skills
• Consider yourself resourceful and able to quickly troubleshoot problems as they arise
• Are eager to work on a small and fast-moving team
• Are excited to create policies, procedures, and programs that did not previously exist within the company
• Take responsibility for the outcomes of your core duties
• Are passionate about achieving Wave’s mission and are excited at the prospect of lowering remittance costs for diaspora communities.

Bonus points if you

• Are ACAMS Certified
• Have direct experience working with US state regulators in the money transfer space

Benefits:

• Our company is 100% remote. We are able to employ people based in the United States, Canada, United Kingdom, France, Germany, Belgium, and Senegal.
• We have quarterly retreats – in the last year, in Montreal (Canada), Dakar (Senegal), Puerto Rico, and Burlington, VT (USA).
• Major benefits:
  • Subsidized health insurance and retirement contribution matching (both vary from country-to-country)
  • 26 weeks fully paid parental leave and subsidized fertility assistance
  • Unlimited vacation with a 20-day minimum requirement
  • $10,000 annual charitable donation matching

Our team

• Our team of 30-odd engineers, finance & compliance professionals, marketers, & people ops professionals as well as nearly 60 customer support personnel are fully distributed across North America, Europe, and Africa working from coffee shops, homes, and coworking spaces making us one of the larger fully distributed growth-stage startups in the world.
• Each quarter, we go on a five-day retreat together. In the last year, in Montreal (Canada), Dakar (Senegal), Puerto Rico, and Burlington, VT (USA).
• We play in bands, teach dance classes, run Vipassana retreats, played semi-pro basketball, and built tools to help Doctors Without Borders respond to the Ebola crisis.
• We collectively speak over twenty languages, including Akuapem, Amharic, Ewe, Fante, Ga, Igbo, Kalenjin, Luganda, Oromo, Somali, Swahili and Wolof.
• We’re backed by world-class investors including Khosla Ventures, Founders Fund, Y Combinator and the cofounders of PayPal.

How To Apply:

Applications will be reviewed on a rolling basis. If interested, please submit your resume & cover letter describing your interest in Wave below. Please also indicate the countries in which you have work authorization.

Confidence can sometimes hold us back from applying for a job. But we’ll let you in on a secret: there’s no such thing as a ‘perfect’ candidate. Wave is a place where everyone can thrive. So however you identify and whatever background you bring with you, please apply if this is a role that would make you excited to wake up everyday.

Click on Apply to fill up on the application form!