Compliance Manager

The CM works to ensure the organization understands all compliance requirements and guides Leaders on how the requirements will be met, within the desired timeline. The CM must understand how each individual department operates and the unique compliance challenges within each department, so that he/she can ensure the business continues to move forward, while still meeting its regulatory requirements.

 

As a CM, you will have knowledge and regulatory experience relating to:

 

  • Domestic and foreign banking

  • Merchant Services

  • AML-related activities

  • Legislative requirements and application of privacy laws

Responsibilities

  • Coordinate the internal or external AML/CTL compliance effectiveness reviews.

  • Identify, review, interpret, analyze and communicate legislative, regulatory and other compliance requirements to LT

  • Maintain and update AML/CTL compliance policies and procedures, ensure company policies and procedures meet regulatory requirements

  • Monitor and manage the compliance program - monthly, quarterly, annually - reporting and testing to ensure that policies and procedures are operating effectively

  • Review, approve and document new account risk assessment for client/merchant onboarding

  • Review and monitor, take actions on sanction screening, PEP identification, and transaction monitoring results;

  • Contribute to Compliance, Finance and Operations efforts in meeting regulatory filing deadlines

  • Participate in special compliance projects as assigned

  • Coordinate and perform ongoing risk assessments to ensure compliance policies and risk controls are operating appropriately

  • Identify and analyze factors that may affect risk mitigation and compliance with applicable regulatory requirements

  • Provide employee training and documentation on compliance related topics, policies, or procedures.

  • Validate that issues identified through compliance monitoring and review processes are promptly addressed

  • Manage relationships and deliverables of third-party compliance service providers, keep LT update on timelines

Job Requirements

  • University degree in business administration, law, finance or a related discipline. Professional certifications, such as CPA, CIPP, CAMS, are an asset.

  • Minimum 5 years’ experience in a compliance, audit, risk or governance role, preferably in a financial services organization working in North America

  • Deep knowledge of global financial institutions, money service business, and/or banking compliance, including significant knowledge of anti-money laundering, data protection, anti-corruption/Foreign Corrupt Practices Act, counter-terrorist financing and consumer protection regulations

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