MAJORITY is a groundbreaking all-in-one digital financial service app that includes an FDIC-insured account, Visa® Prepaid card, money remittance, and international calling. We are built for migrants, by migrants.
Global migration is a 21st-century reality. Whether people are following their dreams, love or new experiences, more and more of us are leaning towards new environments. Our purpose at MAJORITY is to empower the amazing, the brave, and the talen... Visa mer
MAJORITY is a groundbreaking all-in-one digital financial service app that includes an FDIC-insured account, Visa® Prepaid card, money remittance, and international calling. We are built for migrants, by migrants.
Global migration is a 21st-century reality. Whether people are following their dreams, love or new experiences, more and more of us are leaning towards new environments. Our purpose at MAJORITY is to empower the amazing, the brave, and the talented and help them achieve all of their ambitions.
We believe that everyone deserves the same opportunity to succeed. Our mission is to provide migrants the tools to thrive in their new country.
We are a diverse group of people from over 40 different countries that come together every day—and we’re looking for others driven by the same desire to create meaningful products that bridge cultural and geographic distances
The role
MAJORITY is looking for a Compliance Director to lead regulatory relationships and the continued oversight of the company's compliance program. We are seeking candidates with working knowledge of the legal and regulatory requirements applicable to financial services, ideally with an emphasis on the banking / payment / money-transmission regulations.
This role will report to the Chief Operations Officer and the individual will be part of the Finance and Operations team, but also work closely with the Risk Operations and Product teams.
Key Responsibilities
Manage the entire compliance infrastructure and team
Act as the domain expert on the company and its partners’ regulatory environment and the company’s responsibilities within those frameworks, particularly with reference to:
BSA/AML laws and regulations, including the Bank Secrecy Act, the USA Patriot Act, OFAC requirements, SDN Lists, enhanced due diligence matters and knowledge of financial fraud and applicable federal and state laws
Obtain, manage and maintain all regulatory licenses and related activities, including Registration, Licensing and Employment compliance
Act as knowledge source on issues related to product and account structuring, and work with product and service providers as needed to develop or streamline account and product structures
Manage all aspects of marketing compliance to ensure marketing activity is both optimised and compliant
Key Deliverables
Culture of Compliance: compliance-related training for all employees, including training specific to rules, regulations, standards, and resources, including required Annual Compliance Meeting, and continuing education
Compliance Infrastructure: Customer Identification Program, BSA, AML, KYC, OFAC, third-party and related policies
Policies and Procedures: Implemented and update MSB state and federal compliance programs and initiatives
Audit and Regulatory Examinations: General support to Operations, Finance, and all other departments in preparing for and executing responses to routine audits and examinations
Other Activities
Respond to all legal notices, including bankruptcies, subpoenas and other client matters
Maintain the Legal & Compliance Regulatory Calendar and coordinate, update and file any state licensing reports or registrations
Liaise with Management team for quarterly meetings, quarterly compliance reporting and related projects
Assist with third-party vendor risk reviews, mitigation, and due diligence
Be the central point of contact for compliance consultants, outside counsels and any parties related to compliance
Skills & Qualifications:
At least 5 years of experience as a leader and hands-on participant of a financial services firm's compliance program. In addition to this a deep knowledge of the US regulatory framework.
Experience with Anti-Money-Laundering/Bank Secrecy Act (AML/BSA), The USA PATRIOT Act, Office of Foreign Asset Control (OFAC) sanctions compliance
Strong leadership skills, including demonstrated strength in building compliance teams/frameworks, project management, experience working on process improvement and the ability to manage multiple conflicting priorities
The position will be based either in the US or in Sweden.
We are MAJORITY. We are international, inclusive, ambitious, kind, and inclusive. We believe in equal opportunity and value diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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