Compliance Officer (BSA/AML & MTL) | Remote (U.S. Only)
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AI Summary
The role involves managing US Money Transmission Licenses (MTLs) via NMLS and maintaining relationships with state regulators. The officer will also build and oversee the AML/BSA compliance program, including policy drafting and transaction monitoring.
About the Role
SeedTrust is seeking a hands-on Compliance Officer to help build and maintain our compliance program as we obtain and manage US Money Transmission Licenses (MTLs). This role is available as either full-time or part-time.
Part-time candidates will focus exclusively on compliance responsibilities. Full-time candidates will take on those same compliance duties plus additional work supporting the broader legal team.
In either case, you will partner closely with legal, finance, and product teams to keep SeedTrust in good standing with regulators and financial partners.
Please note that candidates must be willing to submit personal biographical and financial information and undergo fingerprinting and background checks as required by state regulators.
Key Responsibilities
Required Qualifications
Preferred Qualifications
SeedTrust is seeking a hands-on Compliance Officer to help build and maintain our compliance program as we obtain and manage US Money Transmission Licenses (MTLs). This role is available as either full-time or part-time.
Part-time candidates will focus exclusively on compliance responsibilities. Full-time candidates will take on those same compliance duties plus additional work supporting the broader legal team.
In either case, you will partner closely with legal, finance, and product teams to keep SeedTrust in good standing with regulators and financial partners.
Please note that candidates must be willing to submit personal biographical and financial information and undergo fingerprinting and background checks as required by state regulators.
Key Responsibilities
- Manage MTL applications and active licenses through NMLS, including preparing filings, responding to regulator deficiency letters, completing MSB Call Reports, and tracking renewal deadlines and material change notifications.
- Build and maintain relationships with state money transmitter regulators, serving as a day-to-day point of contact for regulatory communications.
- Draft, implement, and update compliance policies and procedures in line with state money transmission laws, BSA, USA PATRIOT Act, and OFAC requirements.
- Support the AML compliance program, including risk assessments, transaction monitoring oversight, and escalation of potential suspicious activity.
- Coordinate internal preparations for regulatory examinations and bank partner reviews, including gathering documentation and assisting with remediation of findings.
- Conduct periodic reviews and testing of compliance controls to assess effectiveness and identify gaps.
- Monitor regulatory developments — including changes to state Money Transmitter Acts, FinCEN guidance, and OFAC requirements — and coordinate necessary updates to internal practices.
- Partner with Legal, Finance, Product, and Operations to integrate compliance requirements into business processes and new product offerings.
- Support employee compliance training and help reinforce a culture of compliance across the organization.
Required Qualifications
- A minimum of 5 years of compliance experience in a money transmitter, bank, or highly regulated financial services environment (e.g., securities, mortgage), with direct involvement in AML/BSA programs.
- Demonstrated, hands-on expertise with the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations, and OFAC sanctions programs.
- Required to hold a Certified Anti-Money Laundering Specialist (CAMS) credential.
- Working knowledge of state money transmitter licensing frameworks and hands-on experience with NMLS, including state-specific nuances (e.g., NYDFS, CA DFPI, Texas DOB).
- Experience managing or participating in federal and state regulatory examinations conducted by FinCEN, state banking departments, or OFAC.
- Strong written and verbal communication skills, with the ability to translate regulatory requirements into clear guidance for colleagues across product, engineering, and operations
Preferred Qualifications
- Juris Doctorate (J.D.) or active bar admission.
- Experience at a FinTech startup or growth-stage company, particularly building compliance infrastructure from an early stage.
- Familiarity with industry forums such as MTRA (Money Transmitter Regulators Association) or ACAMS membership.
- Experience evaluating or implementing automated transaction monitoring or sanctions screening platforms.
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