Enterprise Compliance, Senior Specialist

Enterprise Compliance, Senior Specialist

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 gurus and high-performance application developers? We want to hear from you.

Reporting into the Leader, Compliance, the Enterprise Compliance Senior Specialist role is to oversee, provide support and manage initiatives related to the compliance function of the organization. The individual manages, engages, consults, and enforces on business unit adherence to the Corporation’s operating regulations, regulatory legislation and/or codes of conduct and service provisions.  Provides strategic leadership, oversight, management, training, and development to the organization. The individual will provide thought leadership and represent the organization and manage internal compliance and external regulatory industry compliance activities. The Senior Specialist provides compliance assessments for projects and initiatives and leads the Corporation’s Annual Compliance Program.

You will…

• Manage elements of the organization’s enterprise compliance regime to ensure guidelines are properly identified and documented; external record-keeping and reporting obligations are understood and met; and appropriate measures are monitored and enforced to ensure corporate and regulatory obligations are continuously met for the Corporation and Services

• Actively Participate on internal and external stakeholder groups

• Apply Payment Industry subject matter expertise [Interac, MCW, Visa, PCI PIN & DSS, technical, process and controls] on business development initiatives, projects, compliance identification, assessment, monitoring, communication and consultation of compliance requirements, mitigating reputational risk and financial loss to the organization.

• Lead and develop programs and processes related to the compliance functions of the organization ensuring that internal operational functions are compliant with all applicable laws, rules, policies, and guidelines and with regulatory bodies

• Promote a culture of compliance, proactively engaging with business units to educate on compliance concerns, understand business objectives

• Horizon scan for new regulatory developments and issues to detect and respond with initiatives that reduce compliance risks, and educate and guide stakeholders

• Collaborate on new product initiatives to understand regulatory impact, define compliance requirements, and establish appropriate compliance control frameworks to facilitate successful launch

• Collaborate with Clients, Client Management, Product, Operations, Fraud, Legal, Security and Certification teams to provide consultation, enforcement action and rule interpretation to mitigate brand/reputation, security and fraud risk.

• Lead the submission of required regulatory reporting and oversight of business-owned controls

• Identify compliance risks across the business and provide recommendations to further mitigate and address identified risks

• Establish and manage compliance monitoring processes for existing and net-new frameworks; create and communicate business unit accountabilities matrices and compliance programs

• Lead, manage and develop content for quarterly meetings and the year-end compliance self-assessments working with the legal team, senior leaders and executives within the corporation ensuring timelines on deliverables

• Lead and manage the annual attestation process for the organization’s participation in external payment networks utilizing knowledge of payments issuing/acquiring rules and regulations

• Manage the preparation of reports to senior management and business leaders with timely and actionable intelligence to inform on the health of the compliance program

• Assist in identifying/reassessing applicable laws, regulations, contractual obligations and ethical standards

• Maintain the documentation created for staff and coordinate revisions as appropriate 

• Lead in auditing business unit practices, manage the annual compliance assessment program and maintain official documentation

• Manage the resolution of issues directly with business units where appropriate or direct issues to appropriate channels for resolution 

• Manage and update staff mandatory training

• Participate in cross functional development across other PSA units

• Continually evolve the design, content, and training material

• Assess the impact of regulatory developments and provide relevant and timely guidance

• Provide sound decisions, recommendations and support on emerging compliance issues, trends, and potential risks.

You’re great at…

• Developing new compliance frameworks incorporating new organizational regulatory and service obligations

• Managing compliance frameworks and relationships at all levels within the organization.  Ability to work within a matrix environment and cross-functionally

• Communicating at an exceptional level (both verbally and written) and can translate complex issues for consumption by technical and non-technical audiences at all levels

• Liaising with all levels of management and translating difficult concepts into operational requirements

• Communicating/presenting in client, vendor, regulatory and industry settings

• Leading with the development/amendments of compliance regulations within defined timelines

• Responding to inquiries and requests for regulation interpretation/information

• Facilitating consultations with internal and external stakeholders to ensure their input is considered to identify and resolve regulation issues

• Overseeing and/or conducting research/analysis, and the preparation of required policy and consultative documentation to support corporation initiatives

• Managing administration activities (e.g., maintenance of the intranet pages, publication of documents, and preparation of internal process documents)

• Promoting effective collaboration with business unit owners

• Leading, updating, maintaining, and training team members on mandatory compliance obligations

• Regularly updating internal process documents to ensure consistent and predictable handling of regulations processes

You Have…

• A University Degree (or equivalent in experience)

• A minimum 3-5 years of Payments/financial industry practices, regulations, compliance management or other internal control functions (e.g., Internal Audit, Risk Management, etc.) within a complex organization

• Excellent working experience managing complex compliance frameworks and profound understanding of compliance processes and procedures of a Federally Regulated Entity

• A strong Payments or e-commerce background

• Project management knowledge and time management skills

• Strong relationship management and operations management skills

• Previous coaching, mentoring and team leadership an asset

• Strong analytical skills and comfort with data, including the ability to structure analyses, develop compliance investigations and make recommendations

• Demonstrated ability to challenge the status-quo and champion best-in-class solutions and problem-solving

• Experience working with Payment Card Industry Standards, regulations, and technology

• Knowledge of Payments Canada rules an asset

• Eligibility to work for Interac Corp. in Canada in a full-time capacity.

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.