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Senior Compliance Officer

Payment Canada
4 days ago
On-site
Toronto, Ontario, Canada
| What we are looking for Functioning as part of a collegial team under general supervision, the Senior Compliance Officer is responsible for:   Member Compliance Provide guidance and compliance advice to members and internal stakeholders with respect to member compliance matters, including inquiries escalated to the member compliance team. Collaborate with cross-functional teams, including Legal, Operations, Risk, Finance and external stakeholders to resolve compliance and membership matters. Provide guidance on escalations for potential contraventions. Support the investigation of potential contraventions under the Compliance By-law, including assessing evidence, corresponding with parties, preparing investigation summaries and hearing materials, and supporting compliance proceedings, where necessary. Manage the end-to-end membership application and registration process, including interpreting legislative and by-law requirements, assessing applicant eligibility and supporting documentation, engaging directly with applicants to resolve deficiencies, and preparing membership recommendations for Board approval. Participate on the operational incident review team and provide advice and guidance with respect to any necessary follow up on member operational incidents. Provide input and recommendations to mature the member compliance program by identifying process improvements and supporting implementation  for current and future systems. Develop, maintain and enhance compliance procedures, process documentation and guidance material to support the member compliance program. Provide guidance and compliance advice with respect to the development of new by-laws and rules and by-law and rule amendments, as applicable. Draft supporting documentation such as training/education materials, reports to Board, correspondence, etc. as required.  Maintain inventory of high-risk compliance requirements and supporting information. Maintain and update member compliance logs where applicable. Participate on member Working Group calls (e.g. Image and Paper Working Group, EPayments Working Group, etc.), where necessary, as the compliance subject matter expert. Prepare recommendations to the CEO regarding member requests for extension of the use of financial institution numbers (FINs), including working with relevant members on transition plan, follow up and subsequent closure of the FINs. Assist colleagues with other related tasks and/or projects, as required.   Corporate Compliance Where applicable, provide support on the annual executive attestation process, including working with business units to review applicable controls and coordinate with applicable executive team members for annual sign off. Where applicable, work with business units on plans to become compliant with legislative or regulatory requirements, including review of materials and tracking of progress. Coordinate with applicable business units on training required under legislation.   Technical Competencies Understanding of legislation, regulations, and rules and their application to Payments Canada and members. Exceptional written and oral communication skills. Ability to identify risks and potential solutions. Ability to manage a wide range of projects and initiatives simultaneously, working effectively in an environment of change. Ability to work independently and as part of a team to produce high quality work. Problem analysis and problem-solving skills. Information gathering and monitoring skills   Personal Competencies Critical reasoning and analytical thinking. Displays social and self-awareness. Develops and applies innovative solutions as appropriate. Ability to quickly establish and maintain credibility and respect among stakeholders, members and peers (good team player) Exercises a high degree of initiative and flexibility. Recognizes the importance of strong communication and interpersonal skills. Excellent organizational and time management skills. Committed to continuous learning and skills development. Acts decisively and assertively as needed Demonstrates excellent judgment and discretion   | What you need to be successful Undergraduate degree in law, political science, business administration, or related field. Minimum of five (5) years’ experience within the financial services industry, preferably in a compliance function. Experience in liaising with internal and external stakeholders at all levels. Experience in delivering reports and briefings to senior leadership. Knowledge of relevant legislative and regulatory requirements. Eligibility to successfully complete background checks that will be carried out by Payments Canada, including criminal, credit, identity, employment, and education checks.   | Salary range Our target starting rate for this role is $100,300 with flexibility based on your experience and qualifications. The full salary range and benefits package are detailed below. Please submit your application by August 14, 2026.