Network Compliance Lead

Network Compliance Lead

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.

Want to make a lasting impact amongst a community of creative thinkers, problem solvers, technical virtuosos, and high-performance application developers? We want to hear from you.

Reporting to the Leader, Compliance, the Network Compliance Lead will be responsible for heightened oversight on Interac’s Money Service Business, Payment Service Provider, and payment facilitator participants across all Interac services. You will conduct due diligence on prospective participants and design/execute ongoing monitoring and compliance activities. You will assess network risks and decisioning on thematic areas such as financial viability, anti-money laundering, fraud, and operational risk. You will bring deep awareness and knowledge of applicable regulatory standards such as the Retail Payment Activities Act, Criteria and Risk-Management Standards for Prominent Payment Systems, and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. You will oversee monitoring and testing of Interac participants and will oversee remediation of instances of non-compliance. You will provide effective challenge to participants but also provide in-depth expertise and interpretive guidance around complex compliance scenarios. You will focus on enhancing control oversight and compliance practices utilizing automation and proactive detection mechanisms. This is a fast-paced senior compliance role which requires strong analytical skills, ability to lead, and in-depth compliance experience.

You’ll be responsible for:

• Ensuring compliance readiness for the Retail Payment Activities Act.

• Building and overseeing compliance program tailored to Money Service Business, Payment Service Provider, and payment facilitator participants.

• Leading participant monitoring and testing activities to assess ongoing compliance.

• Monitoring and providing effective challenge in the remediation of participant compliance issues.

• Risk assessing and adjudicating participant operating regulation exemption requests.

• Measuring participant compliance and program effectiveness via effective design and application of KRIs & KPIs.

• Identifying and implementing efficiencies, automation, and improvements to compliance effectiveness.

• Conducting complex multi-party investigations into possible non-compliance scenarios.

• Owning and documenting compliance processes, procedures, and standards.

• Implementing and owning the inventory of operating regulation risk assessments.

• Providing ongoing participant support through the ongoing training and interpretative guidance where appropriate.

• Developing and framing materials/presentations that support senior management in articulating findings and recommendations to key stakeholders.

You bring:

• 8-10 years of hands-on experience as a senior compliance, risk, or AML professional.

• In-depth experience designing, implementing, and overseeing programs in payments, financial services, or technology fields.

• Ability to perform detailed research, risk/compliance assessments, and due diligence.

• Eligibility to work for Interac Corp. in Canada in a full-time capacity.

• Knowledge of activities, tasks, practices and deliverables associated with eliciting, clearly defining and documenting required compliance practices.

• The ability to give meaning to data. You enjoy investigating complex problems and making sense of information.

• Confidence in your ability to communicate detailed information in an impactful way.

• Understanding that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• You are a proactive problem-solver with a demonstrated track record of driving continuous improvement initiatives.

How we work
We know that exceptional people have great ideas and are passionate about their work. Our culture encourages excellence and actively rewards contributions with:

Connection: You’re surrounded by talented people every day who are driven by their passion of a common goal.

Core Values: They define us. Living them helps us be the best at what we do.

Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.

Education: To ensure you are the best at what you do we invest in you.