Jake Hines Email & Phone Number

Philadelphia, Pa, Us

New Jersey, United States

Leveraging his knowledge of regulatory compliance and money transmitter licensing requirements, he assists non-bank financial services companies with a wide range of products ranging from money transmission, foreign currency exchange, payment processing, cryptocurrency, check cashing, consumer lending, and other consumer finance products through the complexities of licensing in all US states and territories. He regularly analyzes new and proposed regulations and laws in order to assess any potential impact on current and prospective clients. He also liases with regulators both on current applications and on departmental interpretations of compliance requirements, ensuring clients are as prepared as possible to find success during the process.He holds specialized knowledge of the change reporting process, excelling in navigating mergers and acquisitions of licensed entities and changes to the leadership team. He maintains a positive relationship with clients and is a tireless advocate for their applications from start to finish while encouraging clients to build amicable and communicative working relationships of their own with their respective state regulators.In addition to client facing duties, he also supports the growth and development of junior colleagues, participates in industry groups and events, and contributes both substantive and special interest pieces to the firm’s quarterly publication.

Duties include managing state money transmission license acquisition projects, preparing license acquisition applications, providing outreach to state regulators, and providing guidance on state regulatory requirements and the acquisition process to a wide array of clients. Specialized tasks include guiding licensed money transmitters and entities acquiring licensed money transmitters through the regulatory requirements involved in the acquisition process. Daily tasks include managing projects, reviewing and condensing regulatory and legal developments in relevant industries, guiding junior teammates, participating in the client acquisition process, and providing clients with highly specialized knowledge developed through years of experience working with over a dozen companies providing services in B2B transmission, traditional remittance, bill payment, virtual currency, and more.

Duties include managing state money transmission license acquisition, preparing license acquisition applications, providing outreach to state regulators, and providing guidance on state regulatory requirements and the acquisition process to a wide array of clients.

Duties included policy and procedure creation and refinement, aiding in the license acquisition process, compliance management database building and maintenance, and assisting in the development of a robust compliance program, including transaction monitoring, vendor due diligence, consumer complaint oversight, and marketing material oversight. Additional duties included conducting legal and regulatory research, reviewing partnership contracts and working with banking partners to ensure new products met all stipulated compliance requirements, and providing support for all aspects of regulatory compliance, including training development and implementation, regulatory communication, and various other tasks.

While also operating as the State Licensing and Regulatory Compliance Manager, additional duties included policy and procedure integration and refinement, integration of compliance programs during a corporate acquisition, overseeing US-based BSA/AML functions, ensuring all FinCEN filing requirements were met, and various other compliance functions as needed.

Glassboro, New Jersey, United States

As the State Licensing and Regulatory Compliance Manager for Optal Financial Limited, duties included preparing and submitting necessary documentation in order for the Company to obtain required licenses to do business in the United States and applicable states/territories, managing state license renewal processes, coordinating state license reporting (including preparation and submission of all renewal applications, quarterly, semi-annual, annual financial and other reports). Primary duties also included maintaining a license tracking database, compliance filing calendar and reminders to ensure timely compliance, engaging and managing a constructive working relationship with state regulators, and coordinating examinations of the Company by its regulators. Other duties included assisting in the implementation of a new compliance learning management system and training development, conducting merchant due diligence, facilitating suspicious activity monitoring, and leading a collaborative effort to create and maintain a global licensing condition database which may be used to assess MSB licensing requirements in all operational jurisdictions worldwide.Duties also included meeting all necessary money transmitter license requirements for a change in control in licensed jurisdictions following a corporate acquisition and managing a full scale license surrender process.

Fort Lee, New Jersey

As a compliance analyst at Cross River Bank, duties included a wide array of legal and regulatory testing and analysis. Complaint monitoring, call monitoring, fair lending reviews encompassing Regulation B and ECOA evaluations, full scale FDIC readiness evaluations, and website analyses comprised the testing portion of this position. In depth policy and procedure review, targeted issue analysis, and review of new developments in legal and regulatory landscapes were regular job functions. Other duties included facilitating relationships between the Bank and over a dozen partner lending platforms, negotiating and reviewing vendor contracts, and maintaining a steady flow of communication between the Bank and each lending platform's compliance department.

Fort Lee, New Jersey

Assignments included closely examining statutes regulating the business of marketplace lending, including lending licenses, loan servicing requirements, and brokering requirements. Analysis of statutes from all United States jurisdictions (including Puerto Rico) was subsequently compiled into an easily understandable matrix containing all pertinent requirements for marketplace lending partners. Subsequent work involved examining business models of marketplace lending platforms to analyze compliance issues and assess any associated risks, examining financing systems, securities, and examining S.E.C. and F.D.I.C. regulations and processes.

Newark, Nj

Assignments included legal research, letter, brief, and memoranda writing, phone and in-person interviews with clients, filing and organizing, and preparing deposition outlines for complex international litigation. Most major assignments involved preparing discovery for current Alien Torts Statute litigation, with a strong focus on preparing witness depositions, working in partnership with the Center for Constitutional Rights. Additional cases focused on working with cooperative living and condominium boards to ensure DCA guidelines were met and any issues between residents and boards were resolved.

Assignments included performing legal research, drafting memoranda, briefs, and Board orders for ongoing cases within the department, mainly focusing on renewable energy and third party energy suppliers. Analysis of legal documents, regulations, and statutes were required on a daily basis, and attendance was mandatory at weekly professional development seminars, which focused on substantive topics such as consumer fraud protection and securities.

Created and maintained rapport with the company’s most loyal guests, helped maintain the daily operations of the Clubhouse, maintained guest records, scheduled guest appointments, and maintained the privacy of corporate, political, and celebrity guests.

Maintained confidential client files, implemented and maintained a file organization system, assisted in document preparation, and assisted in the creation of promotional materials under the Homelessness Prevention and Rapid Re-Housing Program.

Jersey City, Nj

Responsibilities as a web content producer included developing text, visual, video, Flash animation, and social media content for the University in a highly independent work environment. Skills in Adobe Creative Cloud (specifically After Effects, Illustrator, InDesign, and Photoshop) and Final Cut Pro were regularly utilized to produce content for the University’s website, social media pages, digital billboard, and YouTube channel. Aided in the rebranding of the University and in multimedia campaigns announcing major development projects such as a new student center. Photography, videography, script writing, and voice-over work were also regularly incorporated into the workload for this position.

Designed, promoted, and implemented programming for the development of leadership qualities in students including a student mentoring program, periodic guest speakers, and workshops. Position required working under strict deadlines.

Doctor Of Law (Jd), Law

Activities and Societies: Chairman of the Rutgers LGBTQ Law Caucus. Member of APALSA, Minority Student Program, and Women's Law Forum..

Bachelor Of Arts (Ba), Communication And Media Studies / Sociology

Activities and Societies: Member of PRIDE (President), Argus Eyes Drama Society (President), Phi Sigma Iota, Alpha Kappa Delta, and Alph.