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Job Title: Payment Compliance Manager Reports to: Senior Manager; Payment Compliance Job Locatio n: California or Seattle, WA Job Status: Exempt, FT

About SHEIN Founded in 2012, SHEIN is a leading global online retailer with operations in Guangzhou, Singapore, and Los Angeles, along with other key markets. SHEIN reaches consumers across more than 150 countries and regions around the world. We place a premium on choice, delivering more than 6,000 new fashion, beauty, and lifestyle products daily with more than 600,000 items available. Our mission is to help people express their individuality through the latest trends that are accessible and affordable. To learn more about SHEIN, follow us at shein.com, instagram.com/sheinofficial and youtube.com/shein.

Position Summary: We're seeking a full-time Payment Compliance Manager for our California or Seattle based corporate offices. We are seeking a highly motivated and detail-oriented individual to join our team as a Payment Compliance Manager. This role will manage any state and federal regulatory requirements, such as state regulatory reporting, license application and renewals. We would like an experienced professional who has strong organizational skills and is well versed in FinCEN Money Service Business (“MSB”) and state-level Money Transmitter License (“MTL”) regulatory requirements, reporting requirements, and examinations. This role will also focus on ensuring compliance with various regulations and requirements, as well as ongoing operations. In addition, this position will be integral to ensuring compliance with BSA/AML/FinCEN/OFAC/MT/MSB requirements, including SARs filings, OFAC reporting, and regulatory license application and maintenance.

Responsibilities:

• Work with various internal divisions to coordinate the preparation of federal and state money transmitter reports and MTL application and renewals.
• Bring subject matter expertise to any state license application.
• Serve as the point of contact for any state or federal regulatory exam or internal audit exam.
• Help maintain and administer state MTLs, including examinations, monthly and quarterly reporting, MSB Call Reports, and annual renewals.
• Maintain and track surety bonds, state assessment fees and any related compliance fees.
• Administer, enhance and execute an effective compliance program designed to ensure regulatory requirements are met including for KYC/KYB, Anti-Money Laundering, sanctions, consumer compliance, and state money transmission regulations and guidance.
• Identify and propose compliance solutions that meet regulatory requirements, strategic business objectives, and new products and services; and
• Understand and provide advice regarding money transmission and stored value laws, and payment network rules, and work with compliance, product, legal, and operations to provide strategic guidance and interpretation of these laws and rules.

Requirements:

• At least 8 years of related experience.
• In-depth Knowledge of money transmitter licensing application, maintenance, and administration.
• Familiarity and experience working with NMLS.
• Excellent cross-functional collaboration skills, including navigating leadership, external partners, and regulators and exercising sound compliance judgment in a complex and challenging environment;
• Exercises sound compliance judgment, has collaboration skills, and is pragmatic and possesses strong analytical and problem-solving skills; and
• Strong background in financial services compliance in either a financial institution or a fintech company.

Pay Range: $131,000.00 to $180,000.00 max annually. Bonus & RSU offered.

SHEIN Benefits and Culture:

• Healthcare (medical, dental, vision, prescription drugs)
• Health Savings Account with Employer Funding
• Flexible Spending Accounts (Healthcare and Dependent care)
• Company-Paid Basic Life/AD&D insurance
• Company-Paid Short-Term and Long-Term Disability
• Voluntary Benefit Offerings (Voluntary Life/AD&D, Hospital Indemnity, Critical Illness, and Accident)
• Employee Assistance Program
• Business Travel Accident Insurance
• 401(k) savings plan with discretionary company match and access to a financial advisor
• Vacation, Paid holidays, and sick days
• Employee Discounts
• Perks (HQ Location)
• Free weekly catered lunch at HQ
• Dog-Friendly office
• Free Gym Access at HQ
• Free Swag Giveaways
• Annual Holiday Party
• Invitations to pop-ups and other company events
• Complimentary daily office snacks and beverages
• Free Shuttle Service from HQ to LA Union Station

SHEIN Distribution is an equal opportunity employer committed to a diverse workplace environment.