Licensing and Audit Manager

The role

This person will lead and manage the licensing and audit function for the regulated payments business. They will obtain and maintain state licenses, manage regulatory examinations and audits, and drive remediation of gaps.

What you will do

• Own the end-to-end license lifecycle for money transmission business in NMLS
• Serve as primary point of contact for state and federal regulators
• Maintain a licensing calendar and inventory of license conditions and requirements
• Prepare, review, and submit regulatory reports including NMLS MSB Call Report
• Manage regulatory examinations from notification through close-out
• Manage the audit program including bank, partner, Title 31 BSA/AML, and CMS audits
• Lead audit and examination remediation and track progress to completion
• Establish and run a quality assurance and monitoring approach for licensing and audit activities
• Monitor changes in state and federal money transmission laws and regulations
• Continuously improve licensing and audit processes through automation and workflows

Required qualifications

• 5+ years of hands-on experience working in NMLS applying for and maintaining state money transmission licenses
• Demonstrated experience interacting directly with state and federal regulators during licensing cycles and examinations
• Experience preparing and filing the NMLS MSB Call Report and other periodic regulatory reports
• Working knowledge of state money transmission laws and the Bank Secrecy Act as applicable to MSBs
• Working knowledge of consumer protection requirements such as Reg E
• Proven experience managing examinations and audits and leading remediation of findings
• Exceptional attention to detail and organization
• Process-improvement mindset
• Strong written and verbal communication skills
• Sound judgment and the ability to escalate appropriately to the CCO
• Intense professional curiosity and a growth mindset

Nice to have

• Familiarity with digital asset or cross-border payments
• Prior experience in a start-up or high-growth environment, or building programs from scratch
• Bachelor’s degree
• Relevant certifications (such as CAMS or CRCM)

About the company

Lightspark is creating the Money Grid, modern, open financial infrastructure that makes payments accessible, affordable, and instant for businesses and users worldwide. Lightspark Payments is building regulated services on the Lightning Network and holds Money Transmission Licenses in the United States.