Manager, Regulatory Licensing - Denver, Colorado

Are you able to convey complex information in an understandable and succinct manner?  Are you interested in joining a globally diverse organization where our unique contributions are recognized and celebrated, allowing each of us to thrive? Then it’s time to join Western Union as a Manager, Regulatory Licensing.

Western Union powers your pursuit.

This role has responsibility for assisting the Senior Manager with 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 in order 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. This role is the official repository of all books and records related to licensing matters. This role is expected to develop and manage internal and external relationships that foster strategies and tactics and to develop “buy-in” through his/her unquestioned credibility, knowledge and leadership. This position will not only have responsibility for licensing requirements, but also such responsibilities may be expanded to other regulatory compliance areas or functional programs. Possesses strong management and organizational skills to lead a critical function.

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 a 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

• Minimum of 5-10 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.
• Must have a global perspective.
• Must have the ability to work closely with the businesses.
• Expertise with U.S and/or global financial industry regulatory requirements.
• Bachelor's degree or equivalent work experience required; a law or paralegal experience or other graduate degree strongly preferred.
• Strong analytical skills.
• A strong leader, team player, and team builder who is able to navigate through diverse cultures and develop strategies in the face of an increasingly-regulated landscape.
• A strong leader who has the ability to act as a conduit to collaborate with subject matter experts and to influence regulators.
• Strong, decisive, and action-oriented.
• Will hold people accountable.
• Decisive and engaging.
• An effective communicator in groups and one-on-one, who can instill pride and passion both internally and externally.
• A motivator and a coach who can persuade others to adapt.
• CAMS/CFCS certified preferable

We make financial services accessible to humans everywhere. Join us for what’s next.
Western Union is positioned to become the world’s most accessible financial services company —transforming lives and communities. We’re a diverse and passionate customer-centric team of over 8,000 employees serving 200 countries and territories, reaching customers and receivers around the globe. More than moving money, we design easy-to-use products and services for our digital and physical financial ecosystem that help our customers move forward.

Just as we help our global customers prosper, we support our employees in achieving their professional aspirations. You’ll have plenty of opportunities to learn new skills and build a career, as well as receive a great compensation package. If you’re ready to help drive the future of financial services, it’s time for Western Union. Learn more about our purpose and people at https://careers.westernunion.com/.

Salary

The annual base salary range is $93,750 – $130,000.00 USD per year. This role is also eligible to receive an annual bonus and Long-term Incentives. Actual salaries will vary based on candidates’ qualifications, skills, and competencies.

Benefits
You will also have access to short-term incentives, multiple health insurance options, accident and life insurance, and access to best-in-class development platforms, to name a few

(https://careers.westernunion.com/global-benefits/). Please see the location-specific benefits below and note that your Recruiter may share additional role-specific benefits during your interview process or in an offer of employment.

Your United States Specific Benefits Include

• Family First Program
• Flexible Time Off
• Medical, Dental and Life Insurance
• Student Loan Repayment Program
• Tuition Assistance Program
• Parental Leave

We are passionate about diversity. Our commitment is to provide an inclusive culture that celebrates the unique backgrounds and perspectives of our global teams while reflecting the communities we serve. We do not discriminate based on race, color, national origin, religion, political affiliation, sex (including pregnancy), sexual orientation, gender identity, age, disability, marital status, or veteran status. The company will provide accommodation to applicants, including those with disabilities, during the recruitment process, following applicable laws.

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Estimated Job Posting End Date:

09-16-2024

This application window is a good-faith estimate of the time that this posting will remain open. This posting will be promptly updated if the deadline is extended or the role is filled.