Senior Associate, Regulatory Compliance

About the team The Legal, Risk & Compliance ( LRC ) team at Airwallex is a collaborative group of legal minds and risk management experts. We're passionate about safeguarding Airwallex's operations, fostering a culture of compliance and ethical conduct, and ensuring we navigate the global financial landscape with integrity.

We provide expert guidance and support to all areas of the business, proactively identifying, mitigating, and managing legal, compliance and financial risks.

The Global Regulatory Compliance Team forms part of the second line of defence ( 2LOD ) at Airwallex whilst operating within the larger LRC function. We are a proactive and trusted business partner committed to enabling Airwallex's growth and strategic goals by providing an advisory and oversight role. Our team culture is collaborative, impact-driven with a focus on continuous improvement.

You'll be part of a team that values transparency, empowerment, and high performance.

This role is a newly created role with a specific focus on our US business. This role will be a key member of the Global Regulatory Compliance Team, based in our New York or San Francisco office with a direct line to the Lead, Regulatory Compliance, Americas.

As Senior Associate, Regulatory Compliance, US you will deliver on the regulatory engagement strategy for Airwallex US and help drive our US State MTL licensing program. You will maintain our licensing responsibilities and coordinate with all internal and external parties as necessary to ensure compliance through the communication of regulatory requirements, cross-functional collaboration to productize solutions and offerings, implementation and execution of processes, filing of all requisite reports, renewal of registrations and licenses, end-to-end management of regulatory examinations, and interfacing with US regulators on ad-hoc inquiries.

You will analyze new and existing products and provide guidance to ensure that our 2LOD controls are fit for purpose and comply with regulatory obligations and guide the first line business to enable the maturity of both customer-facing and internal back-office processes and product features.

- Support the Airwallex Group's expansion by managing the regulatory compliance components of license authorization processes

- Act as a key stakeholder in relation to license applications, business plan updates, and information requests between Airwallex and our regulators

- Ensure that our regulatory compliance and integrity risk reporting obligations are maintained for all Airwallex Group entities in the US region

- Support and/or manage on-site exams and inspections (in collaboration with our LRC colleagues)

- Advise the business with respect to regulatory change initiatives with a particular focus on how to effectively manage compliance risk attached to new laws and regulations in the jurisdictions we operate

- Develop policies, processes and provide advice in relation to regulatory risk obligations that exist within the 1st line business

- Manage regulatory compliance risk within the Airwallex Risk Management Framework and associated escalation process (inc. the Group Risk Committee)

- Advise the business in relation to conduct risk and ethics matters (where appropriate) relating to our financial services licenses

- Deliver the Compliance Monitoring Program; Conduct targeted and thematic reviews on a wide range of topics to ensure appropriate organizational maturity

- Deliver the Airwallex Group's Compliance Training for employees and conduct ad-hoc training to specific business areas as required

- Conduct 'Proactive Special Ops' projects to unlock business or operational issues to enable Airwallex to achieve its strategic goals more rapidly

We're looking for people who meet the minimum qualifications for this role. The preferred qualifications are great to have, but are not mandatory.

- Bachelor's degree with a minimum of 4 years of regulatory compliance experience in a financial institution, FinTech, legal/consulting firm, or combination of the above

- Familiarity with financial regulatory laws, rules, regulations and industry best practices across US and the Americas region

- Data proficiency - ability to work with data and leverage it for strategic decision-making

- Ability to operate strategically and think creatively to solve complex regulatory compliance challenges

- Superior communication skills, with the ability to clearly explain complex topics to a wide range of stakeholders including regulators, executive leadership, and front-line staff

- Experience with developing and/or maintaining a compliance program within a financial institution, preferably in respect of payments activity

- Exposure to licensing processes, regulatory expansion, and RegTech or technology-driven compliance solutions

- Understanding of financial products and related conduct risk, ethics, and controls

- Experience dealing with US State MTL Regulatory Authorities

- Understanding of the NMLS online regulatory portal and associated systems