PrimePay, founded in 1986, is a national payroll service and human capital management (HCM) provider, offering solutions that empower business to focus on what matters most. They deliver highly configurable HR and payroll solutions designed to create efficiencies and to maximize compliance for their clients across their nationwide presence.
The company has been independent and private since inception and recently executed a sale transaction to Aquiline Capital Partners in April 2021. Combined with the company’s leadership team, the company will be aggressively growing via M&A and organically seeking to scale to +$200mm in the next 3-5 years as well as migrating to a SAAS business model. As part of their rapid growth, formalizing registration across the US as a money transmitter as well as maintaining compliance with anti-money laundering, Bank Secrecy Act and other regulations is of critical importance. As such, PrimePay is formalizing a compliance function and is seeking a Chief Compliance Officer to stand up and lead the process going forward as part of the senior leadership team.
Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in financial technology, business services and vertical software businesses. The firm has $5.6 billion in assets under management as of September 30, 2020 and has completed 70+ acquisitions of vertical software businesses through a series of complementary de novo/buy and build platform strategies, which have yielded the highest returns in the firm’s history.
The Chief Compliance Officer is responsible for ensuring compliance with regulations, identifying, and documenting regulatory risks and assisting the businesses in developing controls.
This position involves planning, organization, and execution of day-to-day operational compliance activities. Additionally, this individual will help maintain a strong compliance framework for a growing team. The CCO will work with the business to remediate issues identified through testing and support.
The position will be based out of the company’s corporate headquarters in West Chester, PA and report directly to the CFO.
PrimePay offers a comprehensive benefits package that includes medical, dental and vision insurance, 401(k) with matching, paid time off, paid holidays, flexible spending account, life insurance and STD/LTD.