Senior Payments Compliance Officer

Senior Payments Compliance Officer will be responsible for supporting Apus Technology’s expansion into new payments products and related growth initiatives.

Your roles & responsibilities:

• Manage the operation of AML Regulatory Compliance Management Framework (RCM) and maintain the regulatory/guidance inventory up to date. Identifying/maintaining up-to-date reference and source materials for AML legislation and ensuring access to relevant lines of business.
• Maintain and monitor the effectiveness of the company’s Compliance/AML programs and standards by developing and implementing compliance testing programs, reviewing internal controls to determine areas of improvement, and identifying gaps and ensuring that these are properly addressed.
• Provide constructive input with regard to new products and initiatives from a regulatory perspective, including changes to the AML legislation, regulations, guidelines, make amendments to policies, processes and programs as required.
• Provide periodic updates to the Senior Management regarding the operation of AML/CTF programs, regulatory compliance reports (e.g., areas for improvement) on a quarterly basis.
• Ensure reporting obligations (including audit requirements) to regulators (e.g., FINTRAC) are accurately completed and in a timely manner as well as assist regulators in making available key information to them as required.
• Develop, implement and execute AML/CTF policies and rulebooks/handbooks, to ensure that the company conducts its business in a regulatory compliant environment.
• Manage day-to-day AML/CTF-related operations, procedures, manuals and AML/CTF team.
• Ensure effective implementation of new or changing Compliance/AML/CTF requirements initiated by the regulatory (e.g., FINTRAC, Bank of Canada, etc.), or as required by legislation or regulators by liaising and coordinating efforts with internal departments.
• Extending guidance and support to sales and operations to help them meet regulatory requirements and following internal policies and procedures.
• Develop and maintain AML/ATF training material and resources. Working with the HR department to develop effective compliance training programs, including appropriate compliance training material for new employees and ongoing training for all employees, managers, and the board of directors.

Qualifications & Requirements:

• Advanced analytical, research, and investigative skills (e.g., researching laws/regulations
• Strong attention to detail and documentation skills
• Deep knowledge and understanding of Compliance/AML/CTF methodologies and programs as well as regulatory risk management,
• Ability to take ownership and lead projects with a proactive approach and able to independently drive initiatives to conclusions
• Effective leadership qualities and motivated self-starter
• Experience dealing with regulators such as FINTRAC, Bank of Canada, etc.
• 5+ years regulatory/compliance experience in a heavily regulated financial services industry / regulator/government department, involving internal/external audit and risk management
• Deep knowledge of federal and provincial legislation in relation to cross-border payments and remittance, credit/prepaid cards, consumer lending, consumer protection, etc.
• Recognized professional ACAMS certifications

Nice to have:

• Knowledge and understanding of payment networks such as: SWIFT, correspondent banking, Amex, Mastercard, Visa and Interac, etc.
• Knowledge of the Retail Payments Activity Act/Regulations
• Knowledge in payments innovation, including future technologies such as real-time payments rails, blockchain technology, open banking, etc.

Qualified candidates please send your CV to: [email protected]