Senior Compliance Manager at Pomelo

San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Candidates should possess a Bachelor’s degree in finance, law, business administration, or a related field, with an advanced degree preferred. They must have at least 5-7 years of experience in compliance management within the financial services industry, along with strong knowledge of Regulation B, Regulation Z, and other lending regulations, and proven experience in AML compliance. Relevant certifications such as CAMS or CRCM are highly desirable.

Responsibilities

The Senior Compliance Manager will develop and implement compliance policies and procedures related to Regulation B, Regulation Z, and other applicable lending regulations, monitor and ensure compliance with AML laws and regulations, conduct regular compliance audits and risk assessments, provide expert guidance and training to staff, manage the process of obtaining and maintaining Money Transmitter licenses, liaise with regulatory authorities and ensure timely and accurate reporting, and collaborate with internal teams to integrate compliance into all business processes. They will also lead and mentor a team of compliance professionals, promoting a culture of compliance and ethical conduct.

Skills

Compliance

AML

Regulation B

Regulation Z

Risk Assessment

Regulatory Reporting

Financial Services

Leadership

Communication

Analytical Skills

Pomelo

Facilitates fee-free international money transfers

About Pomelo

Pomelo simplifies international money transfers, focusing on markets like the Philippines, Mexico, and India. It provides a mobile app and a card system that allows users in the U.S. to send money to family members abroad instantly and without fees. Recipients receive a Pomelo card, enabling them to access funds immediately without cash pickup. A unique aspect of Pomelo is that it uses credit for transfers, which helps users build their credit scores in the U.S. Each purchase made by the recipient contributes to the sender's credit score, offering a dual benefit. Pomelo's goal is to provide a seamless, cost-effective money transfer service while also promoting financial growth for its users.

Salt Lake City, UtahHeadquarters

2020Year Founded

$53.5MTotal Funding

DEBTCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Parental Leave

Unlimited Paid Time Off

Travel Stipend

Wellness Stipend

Commuter Benefits

Sabbatical Leave

In Office Meals

Risks

Increased competition from companies like Thunes could capture market share.

Regulatory challenges may arise in expanding to new markets like Mexico.

Dependence on partnerships poses risks if dynamics change or priorities shift.

Differentiation

Pomelo offers fee-free international money transfers using credit instead of cash.

The company helps users build credit scores through international transactions.

Pomelo's mobile app and card system provide instant access to transferred funds.

Upsides

Pomelo raised $35M in Series A funding, enhancing its financial capabilities.

Partnership with Thunes expands Pomelo's reach in the Philippines market.

Integration with digital wallets like GCash increases accessibility for recipients.

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