Manager AML & Money Transmission Compliance

Position Overview

Primary Responsibilities

• The below represents the primary duties of the position, others may be assigned as needed. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Manage the day-to-day activities of direct report(s) to meet company and individual goals
• Develop, implement, and maintain the BSA/AML compliance program including policies, procedures, risk assessments, customer risk rating frameworks, and suspicious activity monitoring in alignment with the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations, and OCC requirements
• Support AML program readiness activities, including customer due diligence (CDD), enhanced due diligence (EDD), KYC onboarding, transaction monitoring, and preparation for regulatory examinations and reviews
• Manage active and pending money transmitter license obligations through NMLS, including preparing filings, responding to regulator inquiries, completing MSB Call Reports, tracking renewal deadlines, and coordinating material change notifications
• Conduct and enhance BSA/AML risk assessments across Payroll and Spend Management product lines, including the development of transparent risk weighting methodologies
• Monitor changing legislative and regulatory requirements related to AML, money transmission, OFAC sanctions, and federal banking regulations, and translate them into actionable guidance for internal partners
• Oversee suspicious activity report (SAR) investigations and filings, and 314(a) information sharing requests
• Build and maintain relationships with state money transmitter regulators, the OCC, and FinCEN, serving as a point of contact for regulatory communications and examinations
• Coordinate internal preparations for OCC examinations, state regulatory audits, and internal audit reviews, including gathering documentation and driving remediation of findings
• Partner with external counsel and consulting partners on Trust Bank regulatory deliverables, AML program enhancements, and licensing strategy
• Create and implement AML policies and manage streamlined processes to ensure compliance across all money movement channels
• Design and deliver ongoing AML training programs for internal employees to ensure awareness of BSA/AML obligations, OCC expectations, and money transmission requirements
• Provide regular summary reports and compliance updates to leadership, including the AML Governance Committee and executive team
• Partner with Internal Audit, Enterprise Risk, and Risk Mitigation teams to ensure policies are followed and appropriate controls are implemented
• Up to 10% travel may be required

Education and Experience

Physical requirements

• Ability to sit for extended periods: The role requires sitting at a desk or workstation for long periods, typically 7-8 hours a day.
• Use of computer and phone systems: The employee must be able to operate a computer, use phone systems, and type. This includes using multiple software programs and inquiries simultaneously.
• Paylocity is an equal-opportunity employer. Paylocity is committed to the full inclusion of all individuals. We recruit, train, compensate, and promote regardless of race, religion, color, national origin, sex, disability, age, veteran status, and other protected status as required by applicable law. At Paylocity, we believe diversity makes us better.
• We embrace and encourage our employees’ differences in age, culture, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion or spiritual belief, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. We actively cultivate these differences through our employee resource groups (ERGs), employee experiences, perspectives, talents, and approaches to drive innovation in the software and services we provide our customers.
• We comply with federal and state disability laws and make reasonable accommodations for applicants and employees with disabilities. To request reasonable accommodation in the job application or interview process, please contact [email protected] . This email address is exclusively designated for such requests, aligning with federal and state disability laws. Please do not send resumes to this email address, as they will be removed.
• The base pay range for this position is $110,000 - $130,000/yr; however, base pay offered may vary depending on job-related knowledge, skills, and experience. This position is eligible for an annual bonus and restricted stock unit grant based on individual performance in addition to a full range of benefits outlined here. This information is provided per the relevant state and local pay transparency laws for the location in which this position will be performed. Base pay information is based on market location. Applicants should apply via www.paylocity.com/careers.
• Your personal data will be processed for recruitment purposes in accordance with our Notice of Privacy Practices for Job Applicants and applicable data protection laws.
• At Paylocity, “We” is what makes us different. We are committed to fostering a culture that honors diverse opinions, perspectives, and backgrounds, knowing that each makes us stronger and collectively unbeatable together. We actively cultivate these differences as we engage each other in driving innovation in the software and services we provide our customers. Paylocity is an equal opportunity employer. If you are an individual with a disability and you need assistance or a reasonable accommodation during the application process, please contact our services team at +1 (844) 404-7427.