Head of Americas Licensing and Regulatory Affairs
Position Overview
Job Description
About Us
OpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. We are building the infrastructure that will power the next generation of cross-border payment systems for institutions. The team's execution has been exceptional, and we're scaling at a remarkable pace. Our stellar early team comes with experience in companies like J.P. Morgan, Goldman Sachs, FalconX, Paypal, Affirm, Polygon, Kraken, Nium & others. We’re backed by Accel, Lightspeed, NfX and other top-tier investors.
Role Overview
Key Responsibilities:
Licensing Acquisition & Maintenance
- Complete execution of pending US state money transmitter license (MTL) applications: Complete preparation, coordination, and submission of MTL applications across all required US states, managing multiple applications simultaneously through approval
- Drive scoping and execution of additional license applications in the Americas: Prepare and submit Money Services Business (MSB) registration in Canada, obtain required U.S. crypto/virtual currency licenses, and secure any required licenses across key Latin American markets.
- Coordinate with external counsel and consultants: Manage relationships with licensing consultants and outside counsel to ensure high-quality, cost-effective support aligned with business needs
- Manage license maintenance activities: Oversee all post-licensing obligations including renewals, amendments, quarterly/annual reporting, surety bond management, net worth requirements, and permissible investment compliance
- Serve as primary regulatory contact: Act as OpenFX's main point of contact with state banking departments, FinCEN, and other US regulators, as well as FINTRAC (Canada) and Latin American financial authorities
- Build and maintain regulator relationships: Establish positive, proactive relationships with key regulatory bodies, positioning OpenFX as a compliant and transparent operator
- Manage regulatory inquiries and examinations: Lead preparations for and responses to regulatory examinations, audits, inquiries, and requests for information from state and federal regulators
- Prepare regulatory submissions: Draft, review, and submit all regulatory filings, notifications, reports, and correspondence with accuracy and within required timelines
- Prepare and manage regulatory reports and filings: Coordinate with Finance and other internal stakeholders to submit quarterly, semi-annual, and annual financial and operational reports required under various licenses
Cross-Functional Collaboration
- Support market expansion: Work with internal teams to identify regulatory requirements for new markets and develop paths to licensure
- Maintain policies and procedures: Review and update regulatory policies, procedures, and compliance manuals to reflect current requirements
- Build and develop the team: As the business scales, recruit and manage licensing and regulatory professionals
What we are looking for
Required Qualifications
- 7+ years of experience in regulatory licensing, regulatory affairs, or regulatory compliance within financial services, fintech, or payments companies
- Proven track record of successfully obtaining and maintaining financial services licenses, particularly US state money transmitter licenses
- Strong knowledge of US state money transmission regulatory frameworks, including application processes, surety bond requirements, net worth rules, and examination procedures
- Regulatory filing expertise: Demonstrated experience preparing and submitting regulatory reports, notifications, and responses to regulatory inquiries
- Regulator relationship experience: Track record of successfully interfacing with state banking departments, FinCEN, and other financial regulators
- Exceptional project management skills: Ability to manage multiple complex, time-sensitive licensing a...
Perks & Benefits
About This Role
OpenFX is seeking a Head of Americas Licensing and Regulatory Affairs to join their Regulatory Compliance team at the Senior level. This is a Full time, Remote position based in Remote, United States.
Interested candidates are encouraged to review the full job description above and apply through LegalAlphabet to be considered for this opportunity.
Practice Area
Regulatory Compliance
Position
Senior
Applicant Location Requirements
Applicants must be located in: US
Application Contact
Contact: OpenFX Hiring Team
Application Deadline
June 26, 2026
Employment Type
Full time
Work Arrangement
Remote/Telecommute Position
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