About Raenest:

Raenest is a modern, multi-currency financial platform designed for Africans, offering fast, transparent, and affordable international payments. Our mission is to empower users to manage their finances effortlessly across borders with innovative solutions in spending, saving, investing, and wealth growth.

Position Overview:

We are seeking an experienced and strategic Chief Compliance Officer (CCO) for our United States operations. This role is critical to ensuring Raenest's compliance with all regulatory requirements and industry best practices. The CCO will lead the compliance team, develop and implement compliance programs, and work closely with executive leadership to mitigate risks while supporting business growth.

Key Responsibilities:

• Develop and oversee Raenest's U.S. compliance framework, ensuring adherence to local, state, and federal regulations.
• Ensure compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), data protection, and other financial regulations.
• Ensure strong knowledge and compliance with U.S. Bank Secrecy Act (BSA), Demand Deposit Account (DDA) regulations, and For Benefit Of (FBO) account management.
• Lead the process for acquiring Raenest's Money Transmitter License (MTL) across relevant states.
• Build and maintain strong relationships with banks and fintech partners to support regulatory compliance and business operations.
• Serve as the primary liaison with regulatory bodies and respond to audits, examinations, and inquiries.
• Lead compliance risk assessments and implement effective internal controls.
• Draft, update, and enforce company compliance policies and procedures.
• Conduct regular compliance training for employees to maintain a culture of compliance.
• Monitor and analyze regulatory changes and trends, advising leadership on necessary adaptations.
• Collaborate with legal, risk, and operations teams to align compliance initiatives with business objectives.
• Manage internal investigations related to compliance breaches and recommend corrective actions.
• Oversee reporting processes for suspicious activities and regulatory filings.

Requirements:

• Bachelor's degree in Law, Finance, Business Administration, or a related field; advanced degree or certification (e.g., CAMS, CRCM) preferred.
• Minimum of 10 years of experience in compliance within the fintech, banking, or financial services sector.
• Extensive knowledge of U.S. financial regulations, including AML, KYC, BSA, DDA, FBO accounts, cross-border payments, and data privacy laws.
• Proven experience leading the acquisition of Money Transmitter Licenses (MTL).
• Strong understanding of banking and fintech industry relationships and dynamics.
• Proven experience managing regulatory audits and relationships with regulators.
• Strong leadership skills with the ability to develop and manage compliance teams.
• Exceptional analytical, communication, and problem-solving skills.
• High ethical standards and sound judgment.

Additional information

🔝 Remote friendly

👩🏻‍⚕️ Health, dental, and vision insurance.

🎓Training Budget

😎 Team building events

🤩 Growth Opportunities

💰Paid Time Off

💵 Competitive salary and equity options.