Licensing Manager, X Money

About xAI

xAI’s mission is to create AI systems that can accurately understand the universe and aid humanity in its pursuit of knowledge. Our team is small, highly motivated, and focused on engineering excellence. This organization is for individuals who appreciate challenging themselves and thrive on curiosity. We operate with a flat organizational structure. All employees are expected to be hands-on and to contribute directly to the company’s mission. Leadership is given to those who show initiative and consistently deliver excellence. Work ethic and strong prioritization skills are important. All engineers are expected to have strong communication skills. They should be able to concisely and accurately share knowledge with their teammates.

About the Role

The Licensing Manager will be responsible to manage the Company’s regulatory requirements and Licensing team in support of licenses for X Payments and its entities in the United States and its Territories (“States”) and globally.

Responsibilities 

• Work diligently with the licensing team to safeguard the Company’s licenses and must have NMLS experience and the ability to maintain a system of record.


• Organize the Licensing and Exam function into a sustainable function that is visible, efficient and discoverable.


• Work directly with regulators with business requests, surveys, and consumer complaints.


• Elevate the function with expertise and professionalism and establish a succession process due to the complexity of the function. 


• Complete licensing forms and reporting; run transactional reports and work closely with Finance on monthly and quarterly deliverables.


• Manage plan and expenses; set up annual funding requests and forecast of assessments. 


• Work closely with Regulatory and AML lawyers on new requirements due to changes in laws; responsible to send disclosure notifications to all regulators; maintain files as the Company’s system of record.


• Manage bond vendor for all three licenses to ensure adequate and continued bond coverage.


• Work closely with the Senior Manager to manage exam requests and complete due diligence questionnaires. 


• Develop relationships and a framework around the exam function.


• Apply for and manage all licenses – both regulator and miscellaneous business licenses.


• Vet officers complying with different state requirements (MU2 in NMLS).


• Manage change of control and advance change notices seeking all state regulatory approvals.


• Assist with due diligence M&A; create regulatory project plan and licensing transition plan.


• Safeguard sensitive officer information, litigation matters, court-ordered payments and arbitrage processes. 


• Function as the Corporate Secretary and assist with the draft of board resolutions and schedule documents for approval.


• Help set up meetings and manage agendas for the Regulatory team.


• Travel as needed.

Benefits

Base salary is just one part of our total rewards package at xAI, which also includes equity, comprehensive medical, vision, and dental coverage, access to a 401(k) retirement plan, short & long-term disability insurance, life insurance, and various other discounts and perks.

Annual Salary Range

$

xAI is an equal opportunity employer.

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