WEX Inc. (NYSE:WEX) is a leading provider of business-to-business physical, digital, and virtual card payment solutions. WEX's fleet, corporate, and health payment solutions provide its customers - comprising small businesses, large fleets, and corporations - with unparalleled security and control across a wide spectrum of business sectors. We are executing against a multi-pronged growth strategy that enables us to maintain our leadership position, and we hire people who share our passion for co... more details
WEX Inc. (NYSE:WEX) is a leading provider of business-to-business physical, digital, and virtual card payment solutions. WEX's fleet, corporate, and health payment solutions provide its customers - comprising small businesses, large fleets, and corporations - with unparalleled security and control across a wide spectrum of business sectors. We are executing against a multi-pronged growth strategy that enables us to maintain our leadership position, and we hire people who share our passion for continuous innovation, client service, and process improvement.
About the Team/Role
The Regulatory Compliance Analyst will report to the Director, Financial Services Compliance Advisory, and work directory with the overall compliance and risk management program for WEX Payments Inc. ("WEX Payments”). WEX Payments is a money transmitter that is licensed with FinCEN and in 47 U.S. states. This position acts as a resource to assist with the building, support, and maintenance of a consistent and scalable regulatory framework for WEX Payments. The Regulatory Compliance Analyst interacts with WEX Payments management and employees, third-party partners, and regulators to provide quality support, including compliance interpretations and clarifications, problem-solving, and compliance project execution.
How you'll make an impact
Coordinate with licensing consultants to ensure timely reporting and renewal of money transmitter licenses.
Assist with maintaining the BSA AML program.
Create and maintain compliance matrices; track changes to relevant regulations; provide interpretation and guidance as needed; and support projects to operationalize.
Analyze innovative business offerings and work with business teams to ensure they meet regulatory and policy requirements.
Prepare materials and act as primary contact for regulatory examinations and other audits.
Respond to third-party due diligence requests.
Keep track of and facilitate remediation efforts for regulatory deficiencies.
Develop and maintain processes, policies, and procedures to ensure compliance with all regulatory requirements.
Ensure any requests from local Law Enforcement agencies are dealt with appropriately and any Suspicious Activity Reports are filed timely and correctly.
Work closely together with compliance functions that are managed centrally such as Corporate Compliance, Privacy, Business Continuity, and AML.
Investigate and respond to complaints.
Update and maintain BSA AML training materials.
General Duties:
All other duties as assigned.
Experience you'll bring
Degree in management, law or equivalent professional experience preferred.
3-5 years experience in compliance or a related position.
Ability to work independently yet still be team-oriented.
Experience working directly with regulators.
Excellent written and verbal communication skills.
Ability to apply strong problem-solving skills and excellent judgment to develop practical, business-oriented solutions.
Ability to build strong internal relationships that foster open communications and to act as a resource on compliance and risk issues.
Ability to write reports, business presentations, policies, procedures and operating guidelines
High ethical standards.
Intellectual curiosity and ability to maintain a high level of technical expertise and keep abreast of key compliance and company developments.
Proficient in Microsoft Word, Excel, PowerPoint, and G-Suite.
The base pay range represents the anticipated low and high end of the pay range for this position. Actual pay rates will vary and will be based on various factors, such as your qualifications, skills, competencies, and proficiency for the role. Base pay is one component of WEX's total compensation package. Most sales positions are eligible for commission under the terms of an applicable plan. Non-sales roles are typically eligible for a quarterly or annual bonus based on their role and applicable plan. WEX's comprehensive and market competitive benefits are designed to support your personal and professional well-being. Benefits include health, dental and vision insurances, retirement savings plan, paid time off, health savings account, flexible spending accounts, life insurance, disability insurance, tuition reimbursement, and more. For more information, check out the "About Us" section.
Salary Pay Range: $62,000.00 - $82,000.00
