Regulatory Onboarding Specialist

Paramount Commerce; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading fintech company in Toronto is seeking an experienced AML/KYC Specialist to safeguard its platform against financial crime. You will analyze high-risk clients, conduct due diligence reviews, and ensure compliance with Canadian regulations. The ideal candidate has over 3 years in AML/KYC, strong investigative skills, and is proficient with screening tools. This role offers a competitive salary and a hybrid work schedule.

Benefits

Competitive salary

Generous Vacation & Summer Fridays

Health & Dental Benefits from Day 1

Wellness Spending Account

Retirement savings matching plan

Birthday Day Off

Quarterly Socials

Volunteer Days

Qualifications

• Experience in AML/KYC, EDD, or financial crime compliance.
• Ability to analyze complex ownership structures.
• Strong communication and documentation skills.

Responsibilities

• Conduct in-depth EDD reviews for high-risk customers.
• Own the analysis of new customers and their documentation.
• Review potential hits for sanctions and escalate as necessary.
• Monitor existing customer base for changes in risk.
• Contribute to process efficiencies for risk management.

Skills

3+ years of hands-on experience in AML/KYC

Experience with high-risk clients

Fluent in Canadian AML/ATF regulations

Strong investigative skills

Proficient with screening tools

Education

CAMS designation (or in process)

Tools

World-Check

RDC

ComplyAdvantage

Job description

We are Paramount Commerce, a leading fintech company focused on simplifying payments in Canada. Since the early 2000s, we have redefined online purchasing by introducing a way to pay directly from a bank account, bypassing credit cards or e-wallets. Our commitment is to provide the highest standards of security and risk management that support seamless payments and rich data.

As we strengthen our position in Canada, we are strategically positioning ourselves for global expansion. To achieve our goals, we are seeking talented professionals who can push the boundaries of innovation, contributing to our growth across Canada and worldwide. Join us at Paramount Commerce, where we not only follow fintech trends but shape them.

The Opportunity

Reporting to the Senior Manager, Regulatory Onboarding, you will be a critical guardian of our platform, standing as the First Line of Defense against financial crime. Your mission is to ensure that as we expand, we grow safely. You will be responsible for conducting deep analysis on our most complex clients, from iGaming and Money Service Businesses (MSBs) to cryptocurrency exchanges.

This isn't just a checklist role; you are an investigator, a risk assessor, and a key partner in operationalizing our "Three Lines of Defense" model. You'll make critical decisions that protect both our company and the integrity of the payment ecosystem.

What You'll Do

• Enhanced Due Diligence (EDD): Conduct and document in-depth EDD reviews for high-risk customers. You will analyze complex business models, draft comprehensive risk reports, and provide clear recommendations for onboarding decisions.
• Customer Due Diligence (CDD/KYC): Own the end-to-end analysis of new customers, including their KYC documentation, complex beneficial ownership structures, business models, and expected activity.
• Screening & Adjudication: Act as the lead investigator for screening alerts. You will review and adjudicate potential hits for sanctions, Politically Exposed Persons (PEPs), and adverse media, escalating true hits with thorough analysis and auditable records.
• Ongoing Monitoring: Proactively monitor our existing customer base for changes in risk. You will conduct periodic and trigger-based reviews to ensure their risk profiles remain accurate.
• Process Improvement: Help build and refine our First Line of Defense. You'll contribute to process efficiencies and help operationalize the controls defined by the Second Line, ensuring our risk-based approach is both effective and scalable.

Who You Are

• An AML/KYC Specialist: You have 3+ years of hands-on experience in AML/KYC, EDD, or financial crime compliance, ideally from a Fintech, PSP, or remittance company. Your time in a banking environment means you understand and respect the 2LOD partnership.
• A High-Risk Sector Expert: You are not afraid of complexity. You have direct experience onboarding and working with high-risk clients, specifically in iGaming, cryptocurrency, MSBs, or FX.
• A Regulatory Navigator: You are fluent in Canadian AML/ATF regulations, including the PCMLTFA and FINTRAC requirements. A CAMS designation (or being in the process of getting one) is a major asset.
• An Analytical Investigator: You have strong investigative skills and the ability to analyze complex ownership structures. You're proficient with screening tools (like World-Check, RDC, or ComplyAdvantage) and can articulate your findings clearly in written reports.
• A Proactive & Adaptable Partner: You can work independently but also thrive in a collaborative, fast-paced team. You are comfortable with rapid change, take a proactive approach, and understand the importance of clear, auditable documentation.

Why Paramount Commerce?

• Competitive salary
• Generous Vacation & Summer Fridays
• Health & Dental Benefits from Day 1
• Wellness Spending Account
• Retirement savings matching plan
• Hybrid work (Thursdays in office)
• Birthday Day Off
• Quarterly Socials
• Volunteer Days to give back to our community
• Parental leave top up program

At Paramount Commerce, we are proud to be an equal opportunity employer. We practice ethical and fair hiring processes and strongly encourage applications from diverse backgrounds. Don't worry if you don't check every box. If you're excited about this role and think you'd be a good fit, we encourage you to apply.

We are committed to creating a place for our employees to be their authentic selves. We believe diversity of thought, background, and experience are essential to achieve our mission to simplify payments. Accommodations are available on request for candidates taking part in all aspects of the selection process.