Enterprise Financial Crimes Compliance Risk Manager

U.S. Bank; Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a skilled Risk Manager to enhance financial crimes compliance within their Merchant Payment Services division. This role involves working closely with various business lines to ensure effective risk management and compliance with applicable regulations. Candidates should possess extensive experience in regulatory requirements and risk assessment, alongside strong leadership and analytical skills. The position offers a hybrid work schedule, allowing flexibility while maintaining an in-office presence. Join a dynamic team dedicated to fostering a culture of compliance and excellence.

Benefits

Flexible Work Schedule

Health Benefits

Financial Security Programs

Disability Accommodations

Professional Development Opportunities

Qualifications

• 10+ years of experience in risk management and compliance.
• Advanced knowledge of financial crimes regulations and laws.

Responsibilities

• Oversee risk management framework and compliance for Merchant Payment Services.
• Lead projects ensuring compliance with federal and provincial laws.

Skills

Regulatory Compliance

Risk Management

Financial Crimes Knowledge

Analytical Skills

Leadership Skills

Communication Skills

Problem-Solving Skills

Negotiation Skills

Education

Bachelor's Degree

Tools

Microsoft Office

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Partners with leaders in their assigned Line of Business, Risk/Compliance/Audit (RCA) Consultants, and other RCA Managers to, depending on the function, oversee the successful creation, implementation, and maintenance of an effective risk management framework. The EFCC Risk Manager provides oversight and credible challenge to Business Lines and Support Functions with Canada exposure on the effectiveness of processes and controls that mitigate financial crimes risk. Lead projects and/or activities that ensure compliance with applicable federal, state, provincial, and local laws and regulations. Ensures the active identification, response and/or escalation of risks as appropriate. May influence policies and procedures to maximize profit potential and minimize regulatory exposure. Accountable for an effective partnership between the Line of Business and the Lines of Defense.

This position is focused on Merchant Payment Services Canada financial crimes compliance.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience Preferred Skills/Experience

• Advanced knowledge of applicable laws, financial crimes regulatory requirements, financial services, and regulatory trends that impact their assigned line of business.
• Understanding and/or awareness of FINTRAC’s Guidelines, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
• Experience with Risk Assessments, ESRP review, PRISM, Third-Party Risk Management, and/or Audit/Issue Management processes.
• Comfortable with operating in the gray, comfortable with providing oversight and/or credible challenge, and/or subject matter expertise in compliance, AML/BSA, and regulations.
• Experience with identifying emerging risks and providing recommendations on when Business Line’s policy, procedure, and controls need updating based on enterprise policy changes.
• Advanced understanding of the business line’s operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong leadership and management skills of processes, projects and people
• Effective written and verbal communication skills
• Strong analytical, problem-solving and negotiation skills
• Proficient computer skills, especially Microsoft Office applications
• Applicable professional certifications

NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind.

Posting may be closed earlier due to high volume of applicants.