Flywire Hiring For Head of Compliance, India at Bengaluru, Karnataka, India Full Time

Company Description

Are you ready to trade your job for a journey? Become a FlyMate!

Passion, excitement & global collaboration are all core to what it means to be a FlyMate. At Flywire, we’re on a mission to deliver the world’s most important and complex payments. We use our Flywire Advantage – the combination of our next-gen payments platform, proprietary payment network and vertical specific software, to help our clients get paid, and help their customers pay with ease – no matter where they are in the world.

What more do we need to truly be unstoppable? Perhaps, that is you!

Who We Are

Flywire is a global payments enablement and software company, founded a decade ago to solve high-stakes, high-value payments in education, using modern technology.

Today, we’ve digitized payments for more than 3,100 global clients across education, healthcare, travel & B2B, covering more than 240 countries and territories and supporting over 140 currencies. And, we’re just getting started!

With over 1,000+ global FlyMates, representing more than 40 nationalities, and in 14 offices world-wide, we’re looking for FlyMates to join the next stage of our journey as we continue to grow.

Job Description

The Opportunity

We, at Flywire, are seeking a Compliance Senior Manager/Manager to join the Compliance team in the region. The role will report to the APAC Compliance Officer. This will be a varied role working within our Compliance team, developing new work processes to support both the changing regulatory environment and the expansion of the business into new verticals. Experienced in leading projects, quickly understanding new ideas and concepts, knowledge of payments licensing, exemption and reporting requirements, and a background in financial compliance and knowledge of Anti-Money Laundering (AML, and other regulations is required.)

• Advise on licensing and AML regulations
• Conceptualize from end to end and effectively operationalize the requisite compliance frameworks, manuals and processes
• Own and manage the APAC licensing/registration process, including all ongoing maintenance work
• Monitor and escalate regulatory changes in APAC
• Analyze regulatory changes and provide the appropriate responses to remain compliant
• Assess regulatory gaps and work with relevant stakeholders to close the identified gaps
• Assist on corporate governance matters of local entities and registrations in APAC
• Assist in maintaining the APAC regulatory metrics and schedules (including AML/CFT programs and Compliance policies)
• Make regulatory filings — including suspicious activity reports (SARs), where applicable
• Manage and investigate transaction alerts and escalate accordingly
• Assist on audit requests from both external and governmental stakeholders
• Represent the company adequately with regulators
• Take the regulatory and tax seat at the table and suggest ways to ensure our payment experience continues to be dynamic while in line with regulations
• Recommend, suggest, and champion requirements within Flywire to be in line with changing regulatory and tax requirements
• Where needed, plan periodic visits and audits with partners on process and KYC checks, arrange conversation with the partner compliance team to ensure risks for Flywire are mitigated
• Work closely with the business team on growth initiatives (Network, PAS, GIC, Student Expenses) in the region
• Keep abreast of changing payment landscape to spot potential areas of association to build redundancy and improve payment experience
• Partner with the network team to push the envelope while navigating with business and compliance team of existing and potential partners so that FW goals of ‘ease of payment’ is met
• Keep a close tab on GST, TCS and the general tax environment in India which can impact our business and recommend approach to stakeholders
• Build and cultivate relationships with regulatory and industry forums within India
• Work on any miscellaneous projects issues in the APAC region as directed by the APAC Compliance Officer, including those pertaining to partner audits, client onboarding, product enhancements and integration

Qualifications

Here’s What We’re Looking For:

• 10+ years of experience in compliance for financial services
• Knowledge of payments regulatory frameworks and/or other financial regulations
• Familiarity with global KYC, UBO and AML standards (eg. source of financial support, ultimate ownership)
• Understanding of trigger points and content of SARs
• Good analytical and problem-solving skills; global collaborator with strong communications skills
• Able to work independently and lead by example and provide directional guidance to other FlyMates
• Able to lead project team members and influence stakeholders
• Strong attention to detail with an ability to execute tasks within a small and flexible team
• Able to organize workload to meet tight deadlines and manage competing and sometimes changing priorities
• Proven track record of execution and delivery of tasks through to completion

Additional Information

What We Offer:

• Competitive compensation, including Restricted Stock Units
• Employee Stock Purchase Plan (ESPP)
• Flying Start – Our immersive Global Induction Program (Meet our Execs & Global Teams)
• Work with brilliant people that will keep you on your toes, learn more about their journeys by checking out #InsideFlywire on social media
• Dynamic & Global Team (we have been collaborating virtually for years!)
• Wellbeing Programs (Mental Health, Wellness, Yoga/Pilates/HIIT Classes) with Global FlyMates
• Be a meaningful part in our success – every FlyMate makes an impact
• Competitive time off including FlyBetter Days to volunteer in a cause you believe in and Digital Disconnect Days!
• Great Talent & Development Programs (Managers Taking Flight – for new or aspiring managers!)

Submit today and get started!

We are excited to get to know you! Throughout our process you can expect 4-5 rounds of interviews with different FlyMates including the Hiring Manager, Peers on the team, the VP of the department, and a homework assignment (don’t worry – this is the fun part!) your Talent Acquisition Partner will walk you through the steps and be your “go-to” person for any questions.

Flywire is an equal opportunity employer. With over 40 nationalities across 12 different offices, and diversity and inclusion at the core of our people agenda, we believe our FlyMates are our greatest asset, and we’re excited to watch our unique culture evolve with each new hire.