Compliance Officer

What You’ll Do:

• Reports to the Chief Compliance Officer for the enterprise
• Compliance role that is fully dedicated to our licensed, Canadian subsidiary and oversees MSB-related activity
• Key position in the organization, requiring a highly ethical individual who can manage sensitive information and make critical decisions to safeguard the integrity of the company and its financial system
• Exciting opportunity to work in a start-up environment

Who You Are:

• Maintain an understanding of changes in AML laws and regulations and adapt company practices accordingly
• Educate and advise management on compliance issues, trends, and emerging threats related to money laundering and financial crimes
• Assist with development and delivery of AML compliance training programs for staff
• Assist in the development and implementation of policies, procedures, and controls to ensure compliance with applicable regulations
• Assist with process improvements and workflow developments to ensure compliance with internal policy, banking, and federal requirements
• Investigate suspicious transactions and activities, including working with internal teams, law enforcement, and other financial institutions
• File Suspicious Transaction Reports as required, ensuring that filings are timely, accurate, and comply with regulatory guidelines
• Prepare and submit required regulatory reports to FINTRAC and other appropriate authorities
• Monitor and review customer transactions for suspicious activity, including structuring, large cash transactions, and unusual patterns
• Conduct and draft risk assessments to identify typologies, emerging trends and patterns, and high-risk activities
• Utilize transaction monitoring software and tools to detect suspicious transactions and initiate investigations
• Oversee compliance with Retail Payment Activities Act (“RPAA”) requirements both during the 2025 registration process and ongoing
• Maintain MSB registration(s) for the Canadian entity
• Serve as the primary point-of-contact and project manage federal regulators, audits, and exams, for the regulated entity
• Assist with business registrations and ongoing maintenance
• Must be able to work well with various people in different departments and think proactively
• Must be able to multi-task, work well under pressure, balance priorities, and meet deadlines
• Exceptional attention to detail and organizational skills are critical and essential; responsiveness is imperative
• Excellent communicator both internally and externally, with ability to break down complex regulatory requirements into easy-to-understand and practical guidance
• Other projects as assigned by the CCO

Skills, knowledge, and abilities:

• Being fluent in both English and French is preferred
• Bachelor’s Degree in finance, business, criminal justice, or a related field
• CAMS (Certified Anti-Money Laundering Specialist) certification is highly preferred; other relevant certifications may be considered
• Demonstrated experience in Canadian regulatory compliance, banking, payments, and lending
• Minimum 5 years of experience in Canadian AML compliance, preferably within the banking and/or money transmission industry
• Experience working with FINTRAC and other related financial crime prevention regulations
• Familiarity with RPAA
• Ability to exhibit flexibility and work in a fast-paced environment is critical