Senior Compliance Analyst (Payments Industry)

at  Berkeley Payment Solutions Inc

This is a remote position.
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.

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
• 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)
• Knowledge of Consumer Protection guidelines related to the Prepaid cards industry
• 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

• 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