Monitoring relevant Canadian regulatory developments, particularly as they relate to payments regulation, consumer protection, money service business and fintech laws generally
Supporting the Global Payments team on ongoing bank and payment partner management, including explaining our global Legal, Compliance and Regulatory framework and conducting onsite visits if needed
Assisting with analysis and introduction of new products and services
Managing Canadian Regulator and Law Enforcement relationships and interactions, if any
Reviewing the regulatory environment for Flywire’s suite of services, determining if licensure or additional permissions are required or an exemption applies (and under what circumstances)
Building and maintaining needed Canadian AML/CTF programs, policies and procedures
Assisting the Global AML/CTF compliance operations team, including sanctions screening, transaction monitoring, fraud monitoring and KYC
Managing the regulatory reporting (EFTR, STR) and response process, by ensuring clear allocation of responsibilities for regularly scheduled and ad hoc filings, and maintaining a repository of prior filings and information used to respond to regulatory inquiries or consultations
Coordinate and develop presentations, responses and reporting to management, regulators, clients, FI Partners and governing bodies, as required
Assist with development of internal communications, presentations, and training materials
Conducting regulatory reviews and due diligence on potential business acquisition targets, as required
Maintain documentation on regulatory requests supported and responses provided
Support additional Risk Governance projects and initiatives as needed
Support global artificial intelligence development as it relates to AML/CTF and sanctions regulations
Drive and own the regulatory compliance aspects of our business in Canada and advise on AML regulations
Localize and administer an AML/CFT compliance program and maintain a risk assessment to comply with applicable local requirements -
including transaction monitoring functions
Work on various projects and miscellaneous issues both in Canada and globally such as partner KYC audits, client onboarding, and product enhancements
Create insights on regulatory and supervisory topics for effective business response and mature risk governance practices
Requirements
5-10 years of work experience with a university degree, or at least 8 years of relevant work experience
8+ years of relevant experience in certain of the following functions: Anti-Money Laundering, Corporate/Risk Governance, Risk Management, Compliance, Audit, Regulatory Management, Legal or related areas
Capable of comfortably leading meetings, delivering presentations and interact with all hierarchy levels
Able to pursue multiple initiatives simultaneously
Experience with regulations and guidelines related to payments networks, financial institutions, digital payments industry, including emerging payment system regulation/supervision