Financial Compliance Manager
Job no:
Work type: Full-Time (Salaried)
Location: Henrico, Virginia
Categories: Audit and Finance
Title: Financial Compliance Manager
State Role Title: Salary Non-Specified
Hiring Range: $100,937 - $116,077
Pay Band: UG
Agency: VA Cannabis Control Authority
Location: VA Cannabis Control Authority
Agency Website: cca.virginia.gov
Recruitment Type: General Public - G
Job Duties
Regulatory Compliance & Interpretation
• Applies state cannabis financial regulations and compliance standards.
• Interprets statutes, administrative rules, policies, and reporting requirements.
• Advises internal teams and licensees on regulatory expectations and compliance obligations.
Financial Analysis & Investigations
• Conducts thorough financial audits, risk assessments, and transactional reviews.
• Identifies financial irregularities, fraud indicators, or money laundering risks.
• Evaluates financial controls, reporting systems, and documentation for compliance accuracy.
Investigating
• Conducts comprehensive financial compliance investigations of cannabis licensee establishments, including on site audits, document reviews, interviews, and detailed analysis of financial systems and processes.
• Examines accounting records, bank statements, tax filings, point of sale data, seed to sale system records, and internal controls to identify irregularities or compliance gaps.
• Utilizes investigative techniques to detect potential fraud, money laundering, diversion, underreporting, or other financial misconduct.
• Coordinates with enforcement, legal, licensing, and external regulatory partners to gather information and support cross agency investigations.
• Maintains accurate investigative files, evidence logs, timelines, and case documentation to support administrative or legal actions.
• Ensures all investigative activities follow legal standards, agency procedures, and ethical guidelines.
Problem Solving
• Evaluates complex or ambiguous financial scenarios and identifies the root causes of compliance concerns or discrepancies.
• Uses critical thinking and analytical methodologies to detect patterns, identify risks, and develop practical solutions that ensure regulatory compliance.
• Anticipates potential financial risks or emerging patterns of noncompliance within the cannabis industry and proposes proactive mitigation strategies.
• Makes sound, timely decisions using investigative evidence and professional judgment, even when information is incomplete.
• Designs corrective action recommendations that balance regulatory requirements, agency priorities, and operational realities of licensees.
Reporting
• Produces detailed, accurate, and well supported investigative reports that clearly outline findings, evidence, regulatory implications, and recommended actions.
• Translates complex financial data into clear, understandable summaries for internal leadership, legal teams, enforcement partners, and decision makers.
• Maintains thorough documentation that meets audit, legal, and regulatory standards.
• Presents investigative findings in meetings, hearings, or internal briefings with clarity and professionalism.
• Ensures all reports are objective, consistent, evidence based, and aligned with agency policies.
Communication & Collaboration
• Communicates clearly with licensing, enforcement, legal, and partner agencies.
• Engages constructively with cannabis licensees to explain findings, compliance expectations, and remediation steps.
• Supports training and educational initiatives related to financial compliance.
Confidentiality & Ethics
• Handles sensitive financial and business information responsibly.
• Demonstrates impartiality, integrity, and high ethical standards in all investigations and interactions.
Other duties as assigned
• Follow workplace safety regulations and adhere to applicable standards, processes, and programs established for your position.
• Report unsafe work conditions to your supervisor.
• Immediately report work-related incidents to your supervisor and participate in accident investigation requests.
Minimum Qualifications
• Principles of accounting, auditing, and financial analysis.
• Regulatory frameworks governing the cannabis industry.
• Anti money laundering (AML) concepts and financial risk indicators.
• Business operations, financial reporting systems, and internal control structures.
• Strong analytical, investigative, and critical thinking skills.
• Advanced proficiency with financial software, spreadsheets, and data analysis tools.
• Excellent written and verbal communication skills.
• Skilled in organizing, documenting, and managing multiple investigations.
• Interpret complex financial data and identify inconsistencies.
• Apply laws, regulations, and policies to real world financial scenarios.
• Maintain strict confidentiality and work with high levels of precision and detail.
• Work independently and collaboratively in a regulatory environment.
• Exercise sound judgment in recommending compliance actions.
Recommended Education & Experience
• Bachelor's degree in accounting, finance, auditing, business administration, economics, or a related field.
• Minimum of 3-5 years of experience in financial auditing, compliance investigations, accounting, regulatory enforcement, or a closely related discipline.
• Experience analyzing financial statements, ledgers, transactional activity, or audit documentation.
Additional Considerations
Preferred Education and Experience
• Master's degree in accounting, business, public administration, or a related field.
• Professional certifications such as CPA, CFE, CIA, CAMS, or similar credentials.
• Experience in regulated industries (e.g., banking, gaming, pharmaceuticals, cannabis, or government).
• Experience conducting forensic financial investigations or risk assessments.
• Familiarity with state cannabis laws, seed to sale tracking systems, or financial monitoring tools.
Special Instructions
You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to "Your Application" in your account to check the status of your application for this position.
Contact Information
Name: VCCA Recruitment Team
Phone: 804-653-9735
Email: recruitment@cca.virginia.gov
