Chief Compliance Officer
Chief Compliance Officer
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Job Description
OTT Pay Inc. is an established fully funded fintech company focused on delivering streamlined financial payment solutions. With a strategic focus on both acquiring and issuing business we are developing a mobilefirst platform that offers a wide range of financial services loyalty programs and innovative products including credit cards payment solutions ecommerce gift cards and more. We are a resultsdriven forwardthinking organization that values goal orientation and continuous improvement.
At OTT Pay you will find abundant opportunities for professional growth working alongside a talented and diverse team from various industries. Our collaborative and innovative environment fosters learning and development empowering you to excel and make a tangible impact. This is a unique chance to join a company dedicated to reshaping financial solutions for the future.
We are looking for a Chief Compliance Officer with experience in Fintech payment processing or epayment industries. The Chief Compliance Officer is responsible for ensuring OTT Pays business is operated in compliance with all applicable rules and regulations including Retail Payment Activities Act (RPAA) AML/ATF laws FINTRAC Guidelines Code of Conduct for the Payment Card Industry and requirements from payment networks/associations/partners with respect to merchant acquiring payment processing digital solutions and other types of financial services.
This role shall work in tandem with other members of OTT Financial Group of Companies by providing guidance and support with respect to compliance programs.
How you will contribute:
- Develop implement and maintain an effective compliance program to ensure the companys adherence to legal and regulatory standards as required by the Bank of Canada FINTRAC Payments Canada card schemes and other regulators.
- Create compliance strategies that align with the companys overall business objectives and risk appetite.
- Establish and enforce companywide compliance policies procedures and internal controls to ensure that the companys business meets industryspecific regulations.
- Oversee and monitor the implementation of the compliance program.
- Interact with regulators on compliance requests and Coordinate efforts related to audits reviews and examinations.
- Lead periodic assessments of internal controls provide oversight of privacy policies and establish mechanisms and policies for tracking and responding to compliant requirements from various stakeholders.
- Identify potential fraud control gaps/opportunities assess benefit for improvements build business cases to implement changes to improve fraud controls
- Engaged in any changes to the endtoend business processes to assess the impact on fraud and perform fraud risk assessment of any changes
- Provide strategic insight to executive management regarding compliance trends and issues as they relate to existing and new business initiatives and opportunities.
- Provide guidance advice and training to staff to ensure compliance risk is managed.
- Perform other duties as assigned.
What you bring to the table:
- At least 8 years of experience in compliance or legal management for a payment services company or other types of businesses in the financial services industry.
- Demonstrated knowledge of the Canadian Regulatory environment applicable laws regulations industry practices and practical application of controls related to AML/ATF including but not limited to Retail Payment Activities Act (RPAA) AML/ATF laws FINTRAC Guidelines Code of Conduct for the Payment Card Industry.
- Extensive compliance experience in the development implementation and maintenance of compliance programs and AML/ATF framework in the financial services sector.
- Solid compliance review experience and proven leadership skills with the ability to advise manage coach and motivate staff in a team environment.
- Strong interpersonal and leadership skills with ability to solve problems.
- Strong organizational and negotiation skills with attention to detail.
- Excellent communication skills both written and oral.
Whats in it for you:
- Competitive Salary
- Opportunity to learn and grow with a supportive team
- Vacation Leave
- Centrally located modern and spacious offices close to Eglinton and Leslie
- Free use of onsite gym and sports facilities and regular company social events
- A chance to work in a dynamic collaborative progressive and high performing team
- Community involvement through the annual Terry Fox Run
- Tremendous opportunities for Growth and Development
This is an onsite position and the successful candidate will be required to report to the office MonFri from 9:00am to 5:30pm.
Visit our website at https://ottpay/.
We are committed to fostering a diverse and inclusive workplace welcoming individuals from various backgrounds and experiences to contribute to the future of payments. At OTT Pay our team values collaboration support and mutual growth. We actively work to build an inclusive culture that encourages the development of all team members. As an equal opportunity employer we welcome applications from all qualified candidates including those with disabilities. If you require accommodation during the application or interview process we will work with you to ensure your needs are met.
We appreciate all applicants for their interest; however only those candidates selected for an interview will be contacted.
Required Experience:
Senior IC
Employment Type
Full-Time
