Head of Compliance - CAMLO

As the Director of Regulatory Compliance CAMLO, you will be working as part of Nium’s global, dynamic Compliance team. Our team is responsible for advising the business on all compliance matters and ensuring full compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related FINTRAC regulations. In addition to this the team is also responsible for client onboarding, Transaction Monitoring, and for the detection and prevention of financial crime including, money laundering, and terrorist financing. 

Key Responsibilities

• Develop and manage Financial Crime and AML methodology to manage all sources of regulatory risk to ensure adherence to FINTRAC regulations under the PCMLTFA.
• Monitor any changes to FINTRAC regulations and AML/CTF laws, ensuring the organization promptly adapts its policies and procedures accordingly. 
• Act as the primary point of contact with FINTRAC and other regulatory bodies for AML/CTF matters. 
• Identify control gaps and lead the implementation of control enhancements to include AML, OFAC, and Regulatory Compliance. 
• Develop country specific risk assessment highlighting control gaps. 
• Build up compliance oversight and testing activities as per regulatory and governance requirements and issue internal reports to Senior Management (AML/CTF internal control report, Fraud, periodic internal reports etc.) 
• Act as a subject matter expert for the business and management on compliance-related matters in Canada, US, and Latin America. 
• Review and approve high risk business for institutional clients from the Americas Region (including financial institutions and Banking as a Service Clients). 
• Lead AML external audits and support on bank partner requests. 
• Lead the risk assessment process to identify, assess, and manage the organization’s AML/CTF risks, including assessing product, service, customer, and geographic risk factors.
• Ensure timely and accurate filing of FINTRAC reports, such as Suspicious Transaction Reports (STRs), Large Cash Transaction Reports (LCTRs), and Electronic Funds Transfer (EFT) Reports in accordance with legal deadlines.
• Assist in to improve and streamline end to end compliance operational processes through automation and technology. 
• Lead the roll out and ongoing management of the Compliance Training Framework. 
• Manage and contribute to the Compliance Committee. 
• Participating in Compliance or business-driven projects, including regulatory developments and strategic initiatives. 

Requirements

• At least 10 years’ experience within regulated companies, in senior compliance role(s) with robust knowledge on Compliance topics (KYB / KYC, AML/CFT, Sanctions etc.) 
• Good understanding of the Payments/Fintech industry. 
• Knowledge and experience (preferably within Payments/Fintech) in Canada and wider North American region. 
• ACAMS/CRCM certified (preferably). 
• Experience with correspondent banking, banking as a service, and Financial Institution clients from the Americas region. 
• Strong analytical skills with experience in problem solving and being able to implement and deliver solutions. 
• Demonstrate clear sense of accountability in performing the role and a positive demeanour. 
• Ability to identify risks, control gaps, inefficiencies, see the bigger picture, challenge the current status quo and define scalable and sustainable processes and methodology. 
• Ability to lead end to end process and control improvements cross functionally and across various regions. 
• Able to prioritize quickly and meet deadlines even under pressure. 
• Strong stakeholder management and communication skills. 
• Team player with strong collaborative qualities, including some previous experience (or willingness) to build, lead and motivate a team. 
• Ability to communicate in fluent spoken and written English. Additional French language skills are a plus.