Senior Compliance Analyst (Payments Industry)

Berkeley Payment Solutions Inc.; Toronto; Hybrid; CAD 75,000 - 100,000; Full time

Job summary

A leading payment solutions company seeks a Senior Compliance Analyst to join their team. This role involves managing compliance and risk across various client programs, requiring extensive experience in AML and fraud within the payments sector. The successful candidate will ensure adherence to regulatory standards and support ongoing transaction monitoring. This full-time position offers the flexibility to work remotely or from the Oakville HQ.

Qualifications

• Minimum five years experience in AML, Fraud or Compliance.
• Knowledge of PCMLTFA and FINTRAC guidance.
• CAMS or CRCM designation is a plus.

Responsibilities

• Provide compliance expertise and oversee regulatory requirements.
• Conduct investigations into unusual transactions.
• Draft policies to ensure regulatory compliance.

Skills

AML

Fraud Analysis

Compliance Management

Risk Management

Organizational Skills

Business Communication

Education

University or college level education

Job description

Reporting to our General Counsel, the Senior Compliance Analyst supports the Compliance and Operations teams by providing efficient and professional compliance expertise to support the onboarding of clients, ongoing transaction and fraud monitoring, and compliance with regulatory requirements in Canada and the US. They are primarily involved in ensuring compliance with regulatory and partner bank requirements, and ongoing risk management of clients and programs.

Responsibilities and Accountabilities

• Provide subject matter expertise to the business in identifying, assessing, prioritizing, managing and reporting risk and compliance
• Stay current on evolving regulatory requirements, and be able to interpret and advise internal teams of recommended changes to processes or systems
• Drafting and implementation of policies, procedures, and guidelines to ensure compliance with regulatory requirements
• Conduct internal testing and reviews to ensure adherence to regulatory requirements and internal policies
• Identify potential compliance risks and develop strategies to mitigate these risks
• Work with internal teams to support optimal processes for client submissions and approval, to ensure efficient and effective processes for client onboarding
• Complete partner Due Diligence requests and reporting
• Complete objective, independent KYB reviews and risk assessments of new and existing clients, including approval recommendations, and preparation of compliance submissions to bank partners
• Monitor ongoing compliance across clients, customers, and partners
• Review and investigate alerts generated by internal and external monitoring programs
• Conduct investigations into unusual transactions, supporting and collaborating with bank partners in preparing and submitting Unusual Transactions Reports (UARs)
• Be involved in the selection of new vendors, as well as the automation of compliance processes and the selection of new vendor implementation projects

Requirements

Desired Skills and Experience

• Minimum of

five (5) years experience in AML, Fraud or Compliance in the financial or payments sector

• Knowledge of PCMLTFA and FINTRAC guidance related to the payments industry
• Knowledge of Consumer Protection guidelines related to the Prepaid cards industry
• Expertise in AML / CTF requirements, including KYC and EDD
• Expertise in Sanction Screening requirements and regimes
• Knowledge of privacy laws (PIPEDA, FDPR, CCPA, Quebec Law 25)
• CAMS or CRCM designation considered an asset
• Must be reliable and able to work accurately with minimal supervision
• Excellent organizational and English business communication skills
• Ability to organize work assignments independently and meet critical deadlines
• Highly organized, detail-oriented, and superior attention to detail
• University or college level education
• Full time position
• Able to work remotely, or in our Oakville HQ