Responsibilities

Own the end-to-end license lifecycle for Lightspark Payments’ money transmission business: prepare, file, and track new state license applications and change-of-control, key-individual, and other amendment filings in NMLS, and manage renewals and ongoing license maintenance across all states.
Serve as the primary point of contact for state regulators and, where applicable, federal regulators during licensing cycles, responding to deficiency requests, supplemental information requests, and follow-up inquiries in a timely and complete manner.
Maintain a licensing calendar and inventory of license conditions, surety bonds, net worth and permissible investment requirements, registered agents, and renewal deadlines; partner with Finance and Legal to gather the supporting information and documentation.
Prepare, review, and submit regulatory reports, including the NMLS MSB Call Report and other periodic state and federal filings, ensuring accuracy, consistency with source data, and on-time submission.
Manage regulatory examinations from notification through close-out: coordinate request lists, organize and review document production, prepare management and subject matter experts for interviews, and serve as the day-to-day contact for examiners.
Manage the audit program, including bank and partner audits, the annual independent Title 31 BSA/AML audit, and the Compliance Management System (CMS) audit, coordinating with independent auditors and internal stakeholders on scope, timing, evidence, and findings.
Lead audit and examination remediation: log findings and gaps, assign owners, define corrective action plans with realistic timelines, track progress to completion, validate that fixes are effective, and report status to the CCO and leadership.
Establish and run a quality assurance and monitoring approach for licensing and audit activities, including a central repository of examination responses, audit evidence, and regulatory correspondence that supports consistent and efficient responses over time.
Monitor changes in state and federal money transmission laws and regulations (including licensing, surety, reporting, and examination requirements), assess the impact to Lightspark Payments, and work with the CCO and Legal to update policies, procedures, and processes accordingly.
Continuously improve licensing and audit processes: identify manual steps and recurring pain points, and design templates, trackers, workflows, and automation that make the function more scalable and audit-ready as Lightspark Payments grows into new states, products, and partners.
Partner with Product, Engineering, Operations, Finance, and Legal to ensure new products, markets, and business changes are evaluated for licensing impact and regulatory notification requirements before launch.
Support the CCO and the Compliance Program Manager with the Controls Inventory, risk assessments, policies and procedures, and other compliance program documentation as it relates to licensing and audit findings.

Licensing and Audit Manager at Lightspark · LumiJobs

Licensing and Audit Manager

Responsibilities

Qualification

Required

Company

Lightspark

More roles at Lightspark