Head of Compliance (BSA Officer)

Job Description

Job Description

Job Title: Head of Compliance (BSA Officer)
Location: Washington, DC; Hybrid (4 Days in office, after 90 Days in-person)
Status: Full-time; Exempt
Reports to: Chief Executive Officer (Direct); International Compliance Officer
Typical Work Hours : 8:30 a.m. to 5:00 p.m. Monday to Friday

Since 1999, Monex USA has provided corporate clients with the best foreign exchange (FX) and international payment solutions in the industry. Monex USA guides thousands of clients, from a broad spectrum of industry sectors, through the intricacies of the currency markets. Our unique market insight is widely recognized in main-line business media such as The Wall Street Journal, Reuters, Bloomberg, and CNBC.

Monex SAB de CV is the ultimate parent company within the group and is headquartered in Mexico (BMV: MONEXB). The Monex group operates globally through regulated entities across North America, Europe, and Asia, employing over 2,500 employees and servicing more than 65,000 clients worldwide . Monex USA (“MUSA”) is a U.S. money service business registered with FinCEN and multiple state regulators, as well as FINTRAC in Canada.

Monex USA is seeking a Head of Compliance to lead and oversee all compliance and financial crime functions across the business. This role is responsible for ensuring the firm maintains effective systems and controls to meet all applicable regulatory obligations, while providing strategic compliance guidance to executive leadership and supporting the company’s continued growth in the U.S. and international markets.

Responsibilities

• Compliance Oversight
• Responsible for all Compliance related matters at MUSA
• Principal contact for local regulators in the USA (FinCEN) and Canada (FINTRAC)
• Take the lead role in the implementation of changes driven by current and forthcoming regulatory requirements
• Respond to and/or coordinating responses to regulatory, FIU enquiries, LP and audit requests
• Ensure there are sufficient resources and resources of the necessary quality to handle the firm’s regulatory compliance and financial crime operations and obligations
• Arrange and overseeing regular Compliance Audits and Risk Assessments
• Ensure any Audit or Risk findings are communicated to the Chief Executive Officer and other (relevant) senior managers (ICCO) in order to discuss and agree suggested changes and assist with the implementation of these (where applicable)
• Ensure accurate and up to date Compliance records are maintained (including version control) 
• Provide concise and meaningful, data-driven management information to the firms executive and Board & Senior Managers, e.g. Quarterly compliance reports, Quarterly Board reporting etc. 
• Business & Compliance Strategy
• Manage day-to-day compliance operations
• Develop and align compliance initiatives for MUSA in partnership with international compliance teams, ensuring consistency with global strategic objectives under the guidance of the ICCO
• Advise and assist the local Board to deliver on required management/governance structure, systems and internal controls and individual responsibilities of senior management
• Regulatory & Financial Crime Requirements
• Oversee the firm’s AML/BSA, OFAC, sanctions, and financial crime compliance framework
• Ensure adherence to USA PATRIOT Act, FATF recommendations, and state money transmitter licensing requirements
• Continuously enhance the Compliance Programme, including policies, procedures, and training documentation
• Ensure risk-based KYC and due diligence procedures are maintained and escalated appropriately
• Oversee customer complaint reviews and regulatory reporting obligations
• Maintain oversight of SAR/STR filing processes and financial crime investigations
• Compliance Culture & Training
• Foster strong relationships across all business units while maintaining effective second-line oversight
• Promote a culture of compliance and ethical conduct across the organization
• Ensure all employees receive ongoing compliance and financial crime training
• Coordinate bespoke training for senior leadership and Board members where appropriate
• Maintain compliance registers and training records

Required Qualifications

• Bachelor’s degree in Law, Finance, Business, or related field
• 10+ years of compliance experience within money transmission, foreign exchange, or international payments
• Minimum 3 years of senior compliance leadership experience
• Strong knowledge of AML/BSA, OFAC, USA PATRIOT Act, FATF recommendations, and U.S. money transmitter regulations
• Experience managing regulatory examinations, audits, and remediation efforts
• Prior experience serving as BSA Officer or MLRO with SAR/STR filing authority
• Strong communication and stakeholder management skills
• High standard of written and verbal English

Preferred Qualifications

• Advanced degree in a related field
• FINTRAC/PCMLTFA experience
• CAMS or similar compliance certification
• Fluency in additional languages, including Spanish, French, or Dutch
• Experience working with international compliance governance structures

Compensation

• The annual salary range is $200,000 to $230,000 with a 10% annual bonus. Salary is commensurate with experience and qualifications.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• 401(k) and employer match
• Paid time off
• Disability benefits
• Paid parental leave

Monex Inc. is an Equal Opportunity Employer. Diversity is valued and the company will not tolerate any form of discrimination or harassment.

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