Compliance Manager

Monex Canada Inc; Toronto; On-site; CAD 85,000 - 115,000; Full time

Job summary

A leading global financial solutions provider is seeking a Compliance Manager in Toronto. This role involves ensuring compliance with regulatory requirements, managing financial crime risks, and delivering training to staff. The successful candidate will demonstrate deep knowledge of compliance policies and a proactive approach to financial regulations.

Benefits

Career growth opportunities

Dynamic work environment

Qualifications

• Mid-senior level experience in compliance with a focus on financial crime and AML.
• Strong understanding of Canadian regulatory requirements.
• Ability to provide training and support on compliance matters.

Responsibilities

• Review and maintain compliance policies and procedures.
• Support the Head of Compliance with financial crime and AML responsibilities.
• Coordinate responses to regulatory inquiries and audits.

Skills

Knowledge of financial crime regulations

Risk Management

Compliance Monitoring

Analytical Skills

Training Delivery

Education

Bachelor's degree in Finance, Law, or related field

Compliance Certification (e.g., CAMS)

Job description

Compliance Manager | Toronto

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.

In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.

By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape. Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.

Key Responsibilities & Accountabilities

Assist the Compliance Officer with carrying out his responsibilities,

• Review and maintenance compliance P&P to ensure they are up to date and meet regulatory requirements and current guidelines
• Support the Head of Compliance in all areas of Financial crime and AML
• Ensure the firm’s adherence with its financial crime and all AML regulations are ad
• Coordinate and formulate responses to internal and external regulatory enquiries, audits and queries.
• Day-to-day provision of assistance and advice, training and awareness to front office sales and trading departments and other business areas
• Liaise with external legal counsel and interpret advice
• Approve financial promotions
• Approve new products in line with new product approval process
• Advise on high risk accounts incl. money service businesses and sign off
• Taking a lead role in all financial crime external audits where appropriate
• To identify and investigate internal suspicious activity/transaction reports and report to relevant regulatory authorities.
• Responding to and/or coordinating responses to regulatory and FIU enquiries
  
  

Compliance Manager | Toronto

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.

In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.

By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape. Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.

Key Responsibilities & Accountabilities

Assist the Compliance Officer with carrying out his responsibilities,

Deputize for Head of Compliance.

Financial Crime / AML / Compliance

• Review and maintenance compliance P&P to ensure they are up to date and meet regulatory requirements and current guidelines
• Support the Head of Compliance in all areas of Financial crime and AML
• Ensure the firm’s adherence with its financial crime and all AML regulations are ad
• Coordinate and formulate responses to internal and external regulatory enquiries, audits and queries.
• Day-to-day provision of assistance and advice, training and awareness to front office sales and trading departments and other business areas
• Liaise with external legal counsel and interpret advice
• Approve financial promotions
• Approve new products in line with new product approval process
• Advise on high risk accounts incl. money service businesses and sign off
• Taking a lead role in all financial crime external audits where appropriate
• To identify and investigate internal suspicious activity/transaction reports and report to relevant regulatory authorities.
• Responding to and/or coordinating responses to regulatory and FIU enquiries
  
  

Regulatory

• Strong understanding of financial crime regulations across Canada
• Assists the Head of Compliance with the overall responsibility for the firm’s adherence with its financial crime and regulatory compliance obligations in line with local requirements and internal policies and procedures;
• The continuous review and improvement of Compliance Policies & Procedures, Advice and Training Documentation, to ensure they continue to be compliant with regulatory changes and best practice;
• Ensuring risk based procedures are in place for the review and escalation of due diligence /KYC documentation and information on all clients;
• Ensuring that an effectiveness review of the MCI’s AML/ATF program is conducted at least every two years by an external or internal auditor;
• Remaining aware of any directives that may be issued by the Minister of Finance under Part 1.1 of the PCMLTFA and ensuring that Monex Canada’s policy is updated, as necessary, to address the requirements of such directives; Following developments and best practices in AML/ATF and sanctions measures in Canada.
  
  

Compliance Culture

• Establish good working relationships with front office and all other departments so that Compliance is seen as an effective second line of defence providing a professional internal guidance and advisory service;
  
  

Training

• Delivering financial crime and AML training to support staff and new joiners;
• Ensuring that all employees understand the requirements in the PCMLTFA and Sanctions Legislation and are trained in accordance with Compliance policies & processes (e.g. AML, CTF/Financial Crime, Anti-Bribery, Conflicts of Interest etc.);
  
  

Risk Management

• Arranging and overseeing regular Compliance Audits and Risk Assessments
• Ensuring any Audit or Risk findings are communicated to the Head of Compliance in order to discuss and agree suggested changes and assist with the implementation of these (where applicable)
  
  

Business & Compliance Strategy

• Assist with the overall Compliance strategies whilst completing day-to-day operations;
• Helping to advise the Front office on risk appetite and current, country specific regulations and guidelines.
  
  

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

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