Director, AML Financial Intelligence Unit & High-Risk Customer Management - Remote

Overview

We are Paramount Commerce, a leading fintech company focused on simplifying payments in Canada. Since the early 2000s, we have redefined online purchasing by introducing a way to pay directly from a bank account, bypassing credit cards or e-wallets. Our commitment is to provide the highest standards of security and risk management that support seamless payments and rich data.

As we strengthen our position in Canada, we are strategically positioning ourselves for global expansion. To achieve our goals, we are seeking talented professionals who can push the boundaries of innovation, contributing to our growth across Canada and worldwide. Join us at Paramount Commerce, where we not only follow fintech trends but shape them.

We are seeking a Director, AML Financial Intelligence Unit (“FIU”) and High Risk Customer Management who will be a key contributor to the further advancement of the adequacy and maturity of the Organizations’ compliance and risk management framework, including AML/ATF and (Economic) sanctions compliance (collectively “financial crimes compliance”), and obligations under the Retail Payment Activities Act (“RPAA”). The role will support the VP, Compliance & CAMLO in keeping the Organisations save and sound by effectively mitigating risks relevant for a registered Money Services Business and Payment Service Provider. A key focus of the Director, AML Financial Intelligence Unit & High-Risk Customer Management is exercising oversight of all investigative activities stemming from transaction monitoring and name-screening systems. This position ensures timely and accurate alert adjudication, directs the preparation and filing of all regulatory reports to FINTRAC (including Suspicious Transaction Reports, Electronic Funds Transfer Reports, Terrorist Property Reports, etc.), and manages the High-Risk Customer Program through the application of Enhanced Due Diligence (EDD) controls.

In Short

• Oversees the end-to-end alert investigation workflow for both transaction monitoring and name-screening systems.
• Ensures all regulatory reports required under the PCMLTFA/PCMLTFR are prepared, reviewed, and filed with FINTRAC.
• Works with stakeholders to identify and implement process improvements.
• Oversees the Enhanced Due Diligence (EDD) process for High-Risk Customers.
• Develops, implements, and maintains FIU and High-Risk Customer Management-related Policies, Standards, and Procedures.
• Supports the VP, Compliance & CAMLO in integrating FIU findings into the enterprise AML/ATF risk assessment.
• Collaborates with Technology/Vendor partners to optimize transaction monitoring tools.
• Prepares and presents quarterly and annual FIU KPI reports to the Board of Directors.
• Acts as Subject Matter Expert and provides mentoring to Compliance Team members.
• Coordinates response efforts during regulatory examinations.

Requirements

• Degree in Law, Business Administration, Finance, or a related field.
• CAMS or equivalent certification is preferred.
• Minimum of 8-10 years of progressive AML/FIU experience.
• Demonstrated expertise in transaction monitoring and regulatory reporting.
• Proven experience developing High-Risk Customer Programs.
• Experience in a Payment Service Provider is a strong asset.

Benefits

• Equal opportunity employer with a commitment to diversity.
• Supportive work environment that encourages authentic selves.
• Accommodations available for candidates during the selection process.