Senior Regulatory Compliance Manager, Money Transmission

Job Description

We are looking for a Senior Regulatory Compliance Manager, Money Transmission, to join Procore’s fast-growing Legal, Regulatory & Compliance Department (LRC). In this role, you will be a key member of Procore's new licensed money transmission-related payments service, helping to manage our regulatory obligations effectively and promote a culture of compliance. This is an exciting opportunity to join a small and exceptionally talented cross-functional team pursuing new and innovative business opportunities within the larger company.

As a Senior Regulatory Compliance Manager, Money Transmission, you’ll partner closely with various internal stakeholders across the organization, including LRC, Product, Payment Operations, Revenue, Marketing, Finance, and HR, to provide excellent operational and compliance support. With your extensive experience building and managing money transmission-related regulatory compliance programs and in-depth knowledge of state and federal money transmission regulations, you will manage the day-to-day activities related to our money transmission license compliance requirements, which include managing relationships with regulators, monitoring and staying ahead of regulatory changes, collaborating with regulators on issue resolution, working across stakeholders to gather information for regulatory engagement and reporting as required by regulators. To be successful in this role, you must be analytical, innovative, and able to navigate a highly complex organization. You can move fast and utilize systems and processes to ensure that the compliance function is nimble and customized for the unique facets of Procore. This role is an exciting new position and an opportunity to join Procore’s new payments business on the ground floor.

This position will report to our Assistant General Counsel, Product & Fintech. This role can be remote or based in one of Procore’s U.S. office locations. We’re looking for someone to join us immediately.

What you’ll do:

• Support the development and implementation of a regulatory compliance and examination program in support of Procore’s money transmission business

• Lead, coordinate, and align stakeholder engagement in preparation for and resulting from regulatory examinations, including communicating exam statuses and potential findings

• Oversee meetings between company employees and regulators and communicate information requests, areas of review, and any potential findings with regulators.

• Manage and track post-exam action plans and as-needed remediation action plans in response to exam findings

• Draft and conduct quality assurance reviews of responses to regulatory exam requests

• Lead  the development, operationalization, and maintenance of policies and procedures for key areas of the payments business, including anti-money laundering and terrorist financing, UDAAP, fraud monitoring, …