Senior Compliance Specialist

Job Description:

Remitly's vision is to transform lives with trusted financial services that transcend borders. Since 2011, we have been tirelessly delivering on our promises to people who send money around the world. Today, we are reimagining global financial services and building products that extend beyond traditional barriers to give customers access to more of the services they need, no matter where they call home. Join over 2,700 employees worldwide who are growing their careers with purpose and connection with our customers while having a positive impact on millions of people around the globe.
The team in Israel pushes forward and aims for the stars. We hire top talents and invest in promoting their career by providing opportunities, challenges, and a great work environment that places an important emphasis on work-life balance.

About the Role:

We are looking for a Senior Compliance Specialist who will join Remitly Israel's Compliance team. The team is dedicated to ensuring that all regulatory requirements are met and that compliance standards are maintained across all operations. You will report to the Head of Compliance of Remitly Israel.

You Will:

• Lead efforts to develop and implement compliance policies and procedures to ensure adherence to local and international regulations.
• Collaborate with cross-functional teams to conduct risk assessments and develop strategies to mitigate compliance risks.
• Oversee and enhance monitoring and reporting systems to ensure ongoing compliance and address any potential issues proactively.
• Manage the day-to-day operation of the AML/CFT and Sanctions function.
• Be the point of contact to receive internal Suspicious Transaction/Activity Reports.
• Prepare compliance reports for the Head of Compliance.
• Conduct training and raise awareness of the compliance program.
• Identify potential areas of compliance vulnerability, suggest action plans for resolution, and provide guidance to mitigate risk.
• Monitor changes in applicable laws and regulations, providing guidance to the business for implementation.
• Support the operationalization of the compliance framework, including the implementation of policies and procedures.
• Assist the Head of Compliance in developing and executing the annual Compliance Policy, Plan, and Monitoring Program.
• Address compliance breaches and audit findings once identified.
• Ensure timely submission of all regulatory reports, returns, requests, business requirements, and notifications.
• Support the wider Compliance Organization with ad-hoc projects and expansion plans.
• Handle compliance-related escalations.
• Conduct internal QA on our processes, database, and monitoring rules.

You Have:

• 5+ years of experience in compliance, risk management, or a related field.
• Proven expertise in AML/CFT and sanctions compliance.
• In-depth knowledge of local and international regulatory requirements.
• Strong experience in developing and implementing compliance policies and procedures.
• Demonstrated ability to conduct risk assessments and develop risk mitigation strategies.
• Proficiency in monitoring and reporting systems for compliance purposes.
• Experience in managing compliance-related escalations and addressing breaches.
• Strong analytical skills and attention to detail for conducting internal QA on processes and databases.
• Advanced proficiency in Excel.
• Excellent communication skills for collaborating with cross-functional teams and conducting training sessions.
• Ability to prepare comprehensive compliance reports and documentation.
• Familiarity with the latest changes in applicable laws and regulations.
• Native-level proficiency in Hebrew and English.

Nice to Have:

• Experience working in a financial technology (FinTech) company or similar fast-paced industry.
• Familiarity with regulatory technology (RegTech) tools and software.
• Advanced certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner).
• Prior experience with global compliance teams and multinational organizations.

Equal employment opportunity has been, and will continue to be, a fundamental principle at Remitly. We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

#Remitly-Israel

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.