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. But that’s not all. 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 and 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.

Interac requires employees to complete a background check that is completed by one of our service providers.  We use this service to complete the following checks:

• Canadian criminal record check;
• Public safety verification;
• Canadian ID cross-check;
• 5-year employment verification;
• Education verification; and
• If applicable, Credit Inquiry and Social Media Check

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

Please be aware of certain individuals fraudulently using Interac Corp.’s name and logo to offer fictitious employment opportunities. Interac Corp. will never ask, solicit, nor accept any monies in exchange for employment opportunities. Any such offers of employment are fraudulent and invalid, and you are strongly advised to exercise great caution and disregard such offers and invitations.

Please note that under no circumstances shall Interac Corp. be held liable or responsible for any claims, losses, damages, expenses, or other inconveniences resulting from or in any way connected to the actions of individuals performing such fraud. Further, such fraudulent communication shall not be treated as any kind of offer or representation by Interac Corp. or its subsidiaries and affiliates.