Head of Compliance
About the job
- At least 6 years of experience in compliance, anti-money laundering, or risk.
- Strong knowledge of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, the Retail Payment Activities Act, and other regulatory frameworks.
- Analytical, communication, and project management skills.
- Develop, implement, and monitor internal compliance policies and procedures.
- Stay up to date with relevant regulations and ensure company-wide adherence.
- Conduct internal audits and risk assessments.
- Lead regulatory reporting and liaise with authorities as needed.
- Train staff on compliance and regulatory best practices.
- Support due diligence and third-party vendor reviews.
- Investigate and resolve compliance issues or breaches.
- Experience in a high-growth fintech is a strong asset.
- A certified compliance designation such as CAMS is a plus.
- Experience acting as a Chief Anti-Money Laundering Officer (CAMLO).
- Knowledge of SQL.
About the company
Vault is a business banking platform for small businesses. It lets you manage money online with features like issuing virtual cards, making transfers without fees, and having higher spending limits. You can pay bills and handle corporate expenses from one dashboard. The service uses a simple, paperless signup that takes about five minutes. Money kept with Vault is insured up to $100,000, and there’s 1% cashback on bill payments made with the Vault card. It also offers multi-level payment approvals and secure, transparent transactions with no overdrafts or minimum balances. Revenue comes from transaction fees and value-added services. Vault’s goal is to give small business owners a straightforward, efficient way to run their finances with clear terms and fewer hassles compared to traditional banks.
Company Size
11-50
Company Stage
Series A
Total Funding
$26.8M
Headquarters
Toronto, Canada
Founded
2008
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Simplify's Take
What believers are saying
- Venn said on 2026-04-30 it powered over 10,000 businesses across Canada.
- Venn’s 2026 promotions include up to 3.5% interest and free local transfers.
- The February 2025 $21.5 million Series A from Left Lane Capital funds expansion.
What critics are saying
- Venn excludes Quebec, shrinking its Canadian addressable market and slowing nationwide brand dominance.
- Customer complaints cite account closures, withdrawal friction, and four-month fraud resolution timelines.
- A PSP dependency or compliance failure could freeze balances and destroy trust overnight.
What makes Venn unique
- Venn bundles CAD, USD, GBP, and EUR business banking with spend controls.
- Venn issues virtual cards in under ten seconds with 1% cashback and limits.
- Venn sells one platform for transfers, AP automation, receipts, and QuickBooks/Xero sync.
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Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Company Equity