Compliance Manager, Flywire

• 5-10 years of work experience with a university degree, or at least 8 years of relevant work experience

Desirable

• Flywire thrives on developing and bringing to market innovative payments solutions
• We believe that building and operating an outstanding company goes hand-in-hand with acting in a regulatorily compliant manner at all times
• To support our continued growth worldwide and our expansion in the Canadian market, Flywire is seeking a dedicated and experienced Compliance Officer / MLRO to lead these efforts
• The role will be Remote and will report to the Head of Compliance in the US
• Flywire operates within a complex global system of laws and regulations to provide our services to customers in the education, healthcare, travel and B2B sectors
• As we expand our service offerings in Canada to serve new verticals, we need an experienced Compliance and Regulatory trained leader to work cross-functionally and across multiple jurisdictions to create programs, administer filings and instill compliant processes that facilitate the launch and growth of Flywire products within a FINTRAC and Bank of Canada regulated entity
• This will be a varied role working within our Financial Crimes Compliance team, leading and overseeing our Canada AML programs and FINTRAC / Bank of Canada -compliant regulatory work -- liaising with regulators, auditors, bank/payment partners, and clients, while building a program to monitor and comply with relevant evolving regulation – including maintaining appropriate localized governance to do the same
• You will find yourself working closely with stakeholders from our Product, Global Payments, Risk, Business, and Operations functions
• You should be comfortable supporting sometimes complicated, global and regulated products that require analysis on several fronts
• Monitoring relevant Canadian regulatory developments, particularly as they relate to payments regulation, consumer protection, money service business and fintech laws generally
• Supporting the Global Payments team on ongoing bank and payment partner management, including explaining our global Legal, Compliance and Regulatory framework and conducting onsite visits if needed
• Assisting with analysis and introduction of new products and services
• Managing Canadian Regulator and Law Enforcement relationships and interactions, if any
• Reviewing the regulatory environment for Flywire’s suite of services, determining if licensure or additional permissions are required or an exemption applies (and under what circumstances)
• Building and maintaining needed Canadian AML/CTF programs, policies and procedures
• Assisting the Global AML/CTF compliance operations team, including sanctions screening, transaction monitoring, fraud monitoring and KYC
• Managing the regulatory reporting (EFTR, STR) and response process, by ensuring clear allocation of responsibilities for regularly scheduled and ad hoc filings, and maintaining a repository of prior filings and information used to respond to regulatory inquiries or consultations
• Coordinate and develop presentations, responses and reporting to management, regulators, clients, FI Partners and governing bodies, as required
• Assist with development of internal communications, presentations, and training materials
• Conducting regulatory reviews and due diligence on potential business acquisition targets, as required
• Maintain documentation on regulatory requests supported and responses provided
• Support additional Risk Governance projects and initiatives as needed
• Support global artificial intelligence development as it relates to AML/CTF and sanctions regulations
• Drive and own the regulatory compliance aspects of our business in Canada and advise on AML regulations
• Localize and administer an AML/CFT compliance program and maintain a risk assessment to comply with applicable local requirements -- including transaction monitoring functions
• Work on various projects and miscellaneous issues both in Canada and globally such as partner KYC audits, client onboarding, and product enhancements
• Create insights on regulatory and supervisory topics for effective business response and mature risk governance practices