Director Regulatory Compliance & Money Laundering Reporting Officer MLRO

Job Description

Nium, the Leader in Real-Time Global Payments

Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.

About the Role

As the Director of Regulatory Compliance CAMLO, you will be working as part of Nium’s global, dynamic Compliance team. Our team is responsible for advising the business on all compliance matters and ensuring full compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related FINTRAC regulations, as well as PSP, RPAA, and provincial/other national compliance requirements. In addition to this the team is also responsible for client onboarding, Transaction Monitoring, and for the detection and prevention of financial crime including, money laundering, and terrorist financing.

Key Responsibilities

• Develop and manage Financial Crime and AML methodology to manage all sources of regulatory risk to ensure adherence to FINTRAC regulations under the PCMLTFA.
• Monitor any changes to FINTRAC regulations and AML/CTF laws, ensuring the organization promptly adapts its policies and procedures accordingly.
• Act as the primary point of contact with FINTRAC and other regulatory bodies for AML/CTF matters.
• Identify control gaps and lead the implementation of control enhancements to include AML, OFAC, and Regulatory Compliance.
• Develop country specific risk assessment highlighting control gaps.
• Build up compliance oversight and testing activities as per regulatory and governance requirements and issue internal reports to Senior Management (AML/CTF internal control report, Fraud, periodic internal reports etc.)
• Act as a subject matter expert for the business and management on compliance-related matters in Canada, US, and Latin America.
• Review and approve high risk business for institutional clients from the Americas Region (including financial institutions and Banking as a Service Clients).
• Lead AML external audits and support on bank partner requests.
• Lead the risk assessment process to identify, assess, and manage the organization’s AML/CTF risks, including assessing product, service, customer, and geographic risk factors.
• Ensure timely and accurate filing of FINTRAC reports, such as Suspicious Transaction Reports (STRs), Large Cash Transaction Reports (LCTRs), and Electronic Funds Transfer (EFT) Reports in accordance with legal deadlines.
• Provide advisory support to improve and streamline end to end compliance operational processes and systems through automation and technology.
• Lead the roll out and ongoing management of the Compliance Training Framework.
• Manage and contribute to the Compliance Committee.
• Participating in Compliance or business-driven projects, including regulatory developments and strategic initiatives.
• Own, build, and maintain the Retail Payment Activities Act (RPAA) compliance program, including end-to-end program development, regulatory reporting obligations, and ongoing ownership of regulatory requirement updates and change management.
• Own, build, and maintain the Payment Service Provider (PSP) compliance program, including program infrastructure, regulatory reporting, and full lifecycle ownership of evolving PSP regulatory obligations and supervisory expectations.
• Lead the operationalization of Stablecoin-related compliance requirements, including development of policies, controls, and reporting frameworks aligned with applicable regulatory guidance and emerging legislative developments.
• Oversee and manage significant regulatory and independent program audits, including examination preparation, response coordination, findings remediation, and validation of corrective action plans to closure.

Mandatory Requirements

• 12-15 years of experience (minimum) within regulated companies, in senior compliance role(s) with robust knowledge on Compliance topics (KYB / KYC, AML/CFT, Sanctions, PSP, RPAA, etc).
• Prior experience as a Canadian Money Laundering Reporting Officer (MLRO).
• Deep understanding of the regulatory environment of the Payments/Fintech industry.
• Knowledge and experience (preferably within Payments/Fintech) in Canada and wider North American region.
• ACAMS/CRCM certified (preferably) or other directly applicable professional certification
• Experience with correspondent banking, banking as a service, and Financial Institution clients from the Americas region.
• Strong analytical skills with experience in problem solving and being able to implement and deliver solutions.
• Demonstrate clear sense of accountability in performing the role and a positive demeanour.
• Ability to identify risks, control gaps, inefficiencies, see the bigger picture, challenge the current status quo and define scalable and sustainable processes and methodology.
• Ability to lead end to end process and control improvements cross functionally and across various regions.
• Able to prioritize quickly and meet deadlines even under pressure.
• Strong stakeholder management and communication skills.
• Team player with strong collaborative qualities, including some previous experience (or willingness) to build, lead and motivate a team.
• Ability to communicate in fluent spoken and written English.
• Demonstrated experience building and managing an RPAA compliance program, including regulatory reporting, program governance, and ownership of ongoing FINTRAC/RPAA regulatory requirement changes and obligations.
• Demonstrated experience building and managing a PSP compliance program, including program development, reporting frameworks, and full ownership of PSP regulatory compliance obligations and supervisory requirements.
• Significant experience working with and engaging regulators and managing and leading regulatory examinations and independent program audits, including audit preparation, findings management, program remediation planning, and validation of corrective actions through to closure.

Additional / Highly Desired Requirements

• Ability to communicate in fluent spoken and written French language skills are a plus.
• Experience with Stablecoin operationalization, including development of compliance controls, regulatory reporting structures, and alignment with applicable domestic and international regulatory requirements and guidance.

$0 - $150,000 a year

Correct full range TBD

What we offer at Nium

We Value Performance:Through competitive salaries, performance bonuses, sales commissions, equity for specific roles and recognition programs, we ensure that all our employees are well rewarded and incentivized for their hard work.

We Care for Our Employees:The wellness of Nium’ers is our #1 priority. We offer medical coverage along with ²⁴⁄₇ employee assistance program, generous vacation programs including our year-end shut down. We also provide a flexible working hybrid working environment (3 days per week in the office).

We Upskill Ourselves: We are curious, and always want to learn more with a focus on upskilling ourselves. We provide role-specific training, internal workshops, and a learning stipend.

We Celebrate Together:We recognize that work is also about creating great relationships with each other. We celebrate together with company-wide social events, team bonding activities, happy hours, team offsites, and much more!

We Thrive with Diversity:Nium is truly a global company, with more than 33 nationalities, based in 18+ countries and more than 10 office locations. As an equal opportunity employer, we are committed to providing a safe and welcoming environment for everyone.

For more detailed region specific benefits :  https://www.nium.com/careers#careers-perks

For more information visit www.nium.com

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We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.