Bastion

Compliance Officer - Manager

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Fintech, PaymentsIndustries

Position Overview

  • Location Type: Remote
  • Employment Type: Full-Time
  • Salary: Competitive (Details not provided)

Bastion enables financial institutions and enterprises to issue regulated stablecoins, generate revenue on reserves, and expand their ecosystems. Bastion’s platform combines stablecoin issuance, secure custody, and seamless orchestration for cross-border transfers, on/off-ramps, and stablecoin conversions. With Bastion’s platform and APIs, businesses can create and scale their stablecoin network, while optimizing revenue, compliance, and control. We are seeking a highly motivated and experienced Money Transfer Licensing Officer to oversee and manage the licensing and regulatory compliance requirements for our money transfer operations. The ideal candidate will have a deep understanding of state regulations related to money transmission, as well as strong project management and communication skills.

Requirements

  • Education: Bachelor’s degree in Business Administration, Finance, Law, or a related field.
  • Experience: 5+ years of demonstrated, hands-on experience managing money transfer licensing and compliance, including applications, renewals, and reporting, specifically using the NMLS platform.
  • Regulatory Knowledge: Strong understanding of state and federal regulations related to money transmission.
  • Surety Bonds: Experience managing surety bond requirements associated with state licensing.
  • Skills:
    • Excellent project management and organizational skills.
    • Strong communication and interpersonal skills.
    • Ability to work independently and as part of a team.
    • Detail-oriented with a high level of accuracy.
    • Proficiency in Microsoft Office Suite.

Responsibilities

  • Manage the licensing process for money transfer operations across multiple jurisdictions. This includes submitting applications for new licenses, maintaining existing licenses, and managing our surety bond portfolio required for these licenses.
  • Monitor and ensure compliance with all applicable licensing-related state and federal regulations.
  • Maintain accurate records of licenses, renewals, and regulatory filings.
  • Develop and implement policies and procedures to ensure ongoing compliance.
  • Serve as the primary point of contact for regulatory agencies and licensing authorities.
  • Prepare and submit regulatory reports and filings in a timely manner.
  • Stay up-to-date on changes in regulations and industry best practices.
  • Collaborate with legal and compliance teams to address regulatory inquiries and issues.
  • Provide guidance and training to staff on licensing and compliance requirements.
  • Assist in managing regulatory examinations and diligence requests.

Application Instructions

  • (Details not provided - Application process not specified in the job description)

Company Information

  • About Bastion: Bastion enables financial institutions and enterprises to issue regulated stablecoins, generate revenue on reserves, and expand their ecosystems. Bastion’s platform combines stablecoin issuance, secure custody, and seamless orchestration for cross-border transfers, on/off-ramps, and stablecoin conversions. With Bastion’s platform and APIs, businesses can create and scale their stablecoin network, while optimizing revenue, compliance, and control.
  • Benefits: Competitive salary and benefits package. Opportunity for professional growth and development. Collaborative and supportive work environment.
  • Equal Opportunity Employer: Bastion provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Skills

Project Management
Regulatory Compliance
Money Transfer Licensing
State and Federal Regulations
NMLS Platform
Surety Bonds
Communication Skills
Organizational Skills
Attention to Detail
Microsoft Office Suite

Bastion

Web3 platform for digital interactions

About Bastion

Bastion provides a platform that helps businesses integrate web3 technology into their existing systems. This platform includes features like custodial wallets for managing digital assets, smart transaction routing to optimize transactions, and data analytics to gain insights from customer interactions. By using Bastion's services, organizations can enhance their digital capabilities without needing to develop complex solutions in-house. What sets Bastion apart from its competitors is its focus on compliance and its white-label approach, allowing businesses of all sizes to customize the platform to fit their needs. The goal of Bastion is to empower organizations to fully leverage digital interactions, both online and offline, in a rapidly changing digital environment.

New York City, New YorkHeadquarters
2023Year Founded
$24.3MTotal Funding
SEEDCompany Stage
Data & Analytics, Crypto & Web3Industries
11-50Employees

Benefits

Hybrid Work Options

Risks

Intensifying competition from web3 infrastructure providers threatens Bastion's market share.
Regulatory scrutiny on digital asset management may increase Bastion's compliance costs.
Rapid technological changes in blockchain require continuous innovation from Bastion.

Differentiation

Bastion offers a compliant, white-label platform for seamless web3 integration.
The platform includes custodial wallets, smart transaction routing, and data analytics.
Bastion serves diverse clients, from small businesses to large enterprises.

Upsides

Growing interest in white-label blockchain solutions boosts Bastion's market potential.
Rising demand for custodial wallets enhances Bastion's service appeal.
Enterprises increasingly adopt web3 technologies, benefiting Bastion's platform.

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