Job Description

Does the prospect of working in a global organization in the fight against money laundering and other financial crimes motivate you? Are you ready to play a vital role in helping billions of people and businesses enjoy secure, reliable financial services? Are you interested in joining a globally diverse organization where unique as a Senior Manager, AML Compliance.

Western Union powers your pursuit.

You will play a critical role in implementing a regulatory licensing program for the Company. In this role you will lead a diverse team responsible for managing the timely and accurate licensing submissions for the Company’s global entities.

This position has responsibility for maintaining compliance with global money transmission laws through the oversight and direction of global licensing for all Western Union entities in North America. This position ensures the Company obtains and maintains the licenses it needs to offer its services globally. This position is responsible for supporting Western Union and its licensed affiliates/subsidiaries in their licensing and regulatory compliance obligations, including supporting the management of regulatory examinations by supervisory and AML regulatory authorities, AML independent reviews and external audits, and third party/bank visits regarding Western Union’s global compliance program.

Role Responsibilities

Specifically, this position has the overall responsibility for creating and implementing a licensing program for Western Union including: 

Responsibility and management for obtaining any new licenses need for the company to meet its strategic objectives.
Responsibility and management for maintaining compliance with global money transmission laws through the oversight and direction of global licensing.
Primary liaison between regulators and senior management to communicate licensing concerns, violations, monetary penalties and appropriate resolutions related to licensing and reporting.
Management of relationships with regulators, examiners, banking partners and agents globally as it relates to licensing matters.
Ensuring uniformity in presentation of Western Union's regulated businesses to examiners, regulators, auditors, prospective agents and banking partners globally.
Development and implementation of policies, procedures, internal controls and process improvements for the Global Regulatory Management team.
Management, oversight and development of global staff.
Regular attendee at the annual Money Transmitter Regulators Association conference and the NMLS conference representing Western Union on various licensing matters.

Role Requirements

Bachelor's degree or equivalent work experience required; a law or other graduate degree strongly preferred.
10+ years of relevant experience in complex retail/consumer financial services/payment services organizations with multiple financial products, or in a regulatory agency or law firm specializing in payment services compliance issues.
10+ years of experience in any of the following areas: regulatory oversight, general financial compliance, risk-based compliance, exam management, Bank Secrecy Act or anti-money laundering compliance.
Substantive understanding of retail/commercial financial services products.
Substantive understanding of anti-money laundering regulations and state and federal money transmission laws within the banking/financial services industry.
Ability to distill and discern important information from regulatory guidance, statutes and regulations, audit findings, and other documents and determine how it impacts the business.
Understanding of regulatory requirements vs. “best practices” in compliance is critical.
Expertise with U.S and/or global financial industry regulatory requirements.
A strong leader, team player, and team builder who can navigate through diverse cultures and develop strategies in the face of an increasingly regulated landscape.
A strong leader who can act as a conduit to collaborate with subject matter experts and to influence regulators.
Strong, decisive, and action-oriented with impeccable analytical skills
CAMS/CFCS certified preferably.