Manager AML & Money Transmission Compliance

Job Type

Full-time

Description

Paylocity is an award-winning provider of cloud-based HR and payroll software solutions, offering the most complete platform for the modern workforce. The company has become one of the fastest-growing HCM software providers worldwide by offering an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build a strong workplace culture.

While traditional HR and payroll providers automate basic HR processes such as payroll and benefits administration, Paylocity goes further by developing tools that HR and businesses need to compete for talent and deliver against the expectations of the modern workforce.

We give our employees what they need to succeed, including great benefits and perks! We offer medical, dental, vision, life, disability, and a 401(k) match, as well as perks that support you, your family, and your finances. And if it’s career development you desire, we provide that, too! At Paylocity, people matter most and have always been at the heart of our business.

When you feel like you belong, work is no longer work – it's personal. At Paylocity, we believe better employees lead to better companies. Workplaces and cultures that care will build the future, and at Paylocity, we’re doing just that. Join us as we change the future and transform your career!

There are jobs and then there are careers . Since 1997, Paylocity has been hiring talented people, giving them big challenges, and providing the right resources to help them succeed. Our award-winning culture ensures all employees feel truly welcome, appreciated, and free to be themselves. While other companies talk about it, we make it happen. Join Paylocity and launch your career!

Fully Remote (U.S. Only): This is a fully remote position, allowing you to work from home or location of record within the U.S. with no in-office requirements. You must be available five days per week during designated work hours. The work arrangement for this role is subject to change based on business needs and individual performance. This may include adjustments to on-site requirements or schedule expectations, as necessary.

Position Overview

The Manager, AML & Money Transmission Compliance will be responsible for leading a team and executing hands-on tasks alongside compliance professionals specializing in anti-money laundering, money transmission licensing, and regulatory compliance in support of Paylocity's broader payment compliance obligations. This role serves as a key contributor to the development and ongoing operation of Paylocity's AML and money transmission compliance program, ensuring the AML program meets applicable federal and state regulatory requirements. The Manager partners cross-functionally by conducting BSA/AML risk assessments, managing money transmitter license obligations, and supporting the implementation of compliance controls across all payment flows including payroll, spend management, and benefits.

Primary Responsibilities

The below represents the primary duties of the position, others may be assigned as needed. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Manage the day-to-day activities of direct report(s) to meet company and individual goals

Develop, implement, and maintain the BSA/AML compliance program including policies, procedures, risk assessments, customer risk rating frameworks, and suspicious activity monitoring in alignment with the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations, and OCC requirements

Support AML program readiness activities, including customer due diligence (CDD), enhanced due diligence (EDD), KYC onboarding, transaction monitoring, and preparation for regulatory examinations and reviews

Manage active and pending money transmitter license obligations through NMLS, including preparing filings, responding to regulator inquiries, completing MSB Call Reports, tracking renewal deadlines, and coordinating material change notifications

Conduct and enhance BSA/AML risk assessments across Payroll and Spend Management product lines, including the development of transparent risk weighting methodologies

Monitor changing legislative and regulatory requirements related to AML, money transmission, OFAC sanctions, and federal banking regulations, and translate them into actionable guidance for internal partners

Oversee suspicious activity report (SAR) investigations and filings, and 314(a) information sharing requests

Build and maintain relationships with state money transmitter regulators, the OCC, and FinCEN, serving as a point of contact for regulatory communications and examinations

Coordinate internal preparations for OCC examinations, state regulatory audits, and internal audit reviews, including gathering documentation and driving remediation of findings

Partner with external counsel and consulting partners on Trust Bank regulatory deliverables, AML program enhancements, and licensing strategy

Create and implement AML policies and manage streamlined processes to ensure compliance across all money movement channels

Design and deliver ongoing AML training programs for internal employees to ensure awareness of BSA/AML obligations, OCC expectations, and money transmission requirements

Provide regular summary reports and compliance updates to leadership, including the AML Governance Committee and executive team

Partner with Internal Audit, Enterprise Risk, and Risk Mitigation teams to ensure policies are followed and appropriate controls are implemented

Up to 10% travel may be required

Education And Experience

Bachelor’s degree required; Master’s degree or JD preferred

7+ years of experience (with bachelor’s degree) OR 5+ years of experience (with master’s degree) in BSA/AML compliance, money transmission licensing, or financial crimes compliance required

Previous leadership or supervisory experience required

In-depth knowledge of the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations, OFAC sanctions programs, and OCC supervisory expectations for national trust banks

Demonstrated hands-on experience with state money transmitter licensing frameworks and NMLS, including state-specific regulatory nuances

Experience developing and managing AML programs including risk assessments, customer risk rating models, CDD/EDD processes, suspicious activity monitoring, and SAR filings

CAMS (Certified Anti-Money Laundering Specialist) certification required

Experience in the Payroll/HCM and Spend Management industries preferred

Familiarity with OCC trust bank charter processes and national bank compliance frameworks strongly preferred

Extensive knowledge of related recordkeeping and reporting requirements

Excellent verbal and written communication skills for multiple audiences including regulators, executive leadership, and external counsel

Self-directed, with ability to work independently as well as within a team environment

Strong attention to detail and methodical research abilities

Superior analytical and problem-solving skills

Past project management experience a plus

Physical Requirements

Ability to sit for extended periods: Th