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Compliance and Licensing Associate



San Francisco, CA, USA
Posted on Saturday, June 22, 2024

Company Description

Hi. We’re OFX, a global provider of online, international payment services. We solve the complexity of moving money and enable better decisions. Headquartered in Sydney with offices worldwide, we’re a customer-focused business that is all about inspiring customer confidence.

At OFX, you’ll have the opportunity to reach beyond your role and function across disciplines. Make use of your diverse skill set at a business that values your expertise and turn your potential into reality.

Job Description

We are looking for a candidate to fill a position in its North American Compliance team to support regulatory licensing in the United States and Canada. This role is ideally suited to candidates who have had exposure to US money transmission licensing compliance, or those with a legal, audit, or compliance background, and a willingness to grasp the underlying regulatory obligations that shape the licensing compliance program.

The Compliance and Licensing Associate will work directly with the Licensing Manager as part of the broader Compliance team, and be responsible for tasks including state money transmitter reporting, federal or provincial regulatory reporting, coordination of state level payments, surety bond management, preparing and submitting state/federal/provincial registration updates and renewals, assisting with regulatory exam management and coordination related to exams amongst various regional and global business units, and other duties within the scope of the North American Compliance function that support state, provincial, or federal licensing, registration, or regulatory obligations.

What you'll do:

  • Support the Licensing Manager and the North American Head of Compliance, to ensure US and Canadian money transmission licensing, and related federal, provincial, and state entity licensing, related regulatory reporting, and any other provisions is maintained proactively across the North America OFX Group entities, and .
  • Specific duties include, but are not limited to monthly, quarterly, and annual state report submissions, bond maintenance, funds escheatment, general license maintenance, assist during regulatory exams, and maintaining internal records as applicable.
  • Support North American regulatory engagements by managing requests for information or documentation across multiple functions and jurisdictions within the OFX group of entities.
  • Contribute as a member of the global Compliance function, and work effectively across multi-functional teams to achieve compliance objectives.
  • Ad hoc tasks/projects at Manager’s request.


What you bring:

  • 2+ years of experience within audit or the financial services industry, preferably related to US Money Transmitter/Money Service Business entities. A general understanding of the Retail Payments Activtiies Act in Canada, and CFTC derivatives payment compliance experience is also preferred.
  • Moderate to Advanced MS Office skillset with focus on excel functionality
  • Preferred data analytics, basic to moderate understanding of SQL, or data visualization tools (Google Data Studio).
  • Immediately available has advantage
  • The ability to appropriately manage your schedule and focus in a hybrid, or remote work environment.
  • The ability to work effectively with cross functional, and globally diverse teams.
  • Strong attention to detail and ability to use a number of Compliance platforms and systems.
  • Possess strong organizational skills.
  • Diligence, honesty and reliability.
  • Excellent written and verbal communication skills with ability to collaborate with peers.

The salary range for this position is $70,000.00 - $75,000.00 US. Exact salary offered will be dependent on multiple factors including level of experience, job-related knowledge, skills, work location, etc. In addition to base salary, this role may be eligible for a variable bonus and/or commission. As part of the compensation package, benefits are also offered for all full-time roles and part-time roles working a minimum of 24 hours a week.

Additional Information

What it's like working at OFX

We’re OFXers because we want to make a difference. We see challenges as opportunities and we’re not afraid to roll up our sleeves to get stuff done. We’re committed to making things easier for our clients, pushing boundaries and continuing to move with the times so that we can continue to inspire confidence every day and through every transaction.

We operate as one team, cross-functionally and globally, to drive outcomes that deliver excellence for our customers. We're curious self-starters who love learning and sharing our knowledge with others. We embrace change and use our initiative and resilience to overcome challenges.

  • Always keep learning. We offer a wide range of learning and career development opportunities to help every OFXer build their capacity and career, with leadership training, secondments, internal mobility and access to a large library of online learning.
  • Make a difference. Through our Make a Difference program, we encourage OFXers to give back to causes and communities that are important to them. We celebrate this with an annual volunteer day, which OFXers can use together or individually, as well as matched giving and the opportunity to nominate charity of choice every quarter.
  • Reward and recognition. We recognise a job well done. OFXers are encouraged to celebrate their peers’ effort, technical expertise or support through a range of global and regional channels and awards, including quarterly and annual awards, milestones and shout outs.
  • Showing our social side. Our Good Vibes employee-led committees around the globe organize events to help keep our employees engaged inside and outside the office. Whether it’s a wellbeing activity, end of year celebration, or a monthly team get-together, our team wants you to feel welcome!
  • Benefits that mean something. We offer a range of fantastic benefits, including health insurance, primary and secondary gender neutral carer parental leave (16 weeks) or birthday leave, you'll feel well-supported at OFX.
  • A great work environment. Enjoy work-life balance and flexibility with our hybrid work model, in an inclusive, diverse and non-hierarchal culture.


At OFX, we are committed to fostering a diverse, inclusive and accessible workplace where we value, respect, and encourage our people to be their authentic selves. With an employee base as diverse as the clients we serve, we know that fostering an inclusive workplace is fundamental to our continued success. If you require accommodation for any portion of the recruitment and hiring process, please email us at [email protected].

We encourage you to apply if this role aligns with your career aspirations.