Senior Analyst, Payment Compliance
Senior Analyst, Payment Compliance
Posted on :
23-07-2025
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Job Description
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Senior Analyst plays a key role within the Payments team and is responsible for conducting compliance related activities for Merchant Acquiring Services Issuing Services and other payment services (collectively called as EQB Payment Services) with consumer provisions under the Bank Act (and its accompanying regulations and Voluntary Codes of Conduct and Public Commitments). The incumbent will ensure EQ Bank remains in compliance with the legal and compliance framework of all the Canadian payment system regulatory bodies and the rules and regulations of payment networks including but not limited to: OSFI FINTRAC FCAC Payments Canada Interac Mastercard Visa and other payment network entities that EQ Bank may engage for future business.
The Core Responsibilities!
- Provide support to the Payments Teams during the development and implementation of new products BIN Sponsorships processes & systems including new initiatives and marketing communications to ensure ongoing compliance with regulatory requirements including Bank Act Payment Network Rules Payments Canada.
- Help to manage overall compliance of card brand program & partner activities with respect to Compliance and AML policies; payment network regulations; external regulatory bodies such as OSFI FCAC FINTRAC; regulatory frameworks such as PCI DSS
- Support in development and refinement of appropriate policies procedures and controls that address applicable laws regulations and industry best practices are in place and monitoring adherence with such policies procedures and controls.
- Perform daily/weekly/monthly review of Partners onboarding reports onboarding files transaction monitoring alerts and conduct key Enhanced due diligence when required
- Support in the monitoring and testing of Quarterly and Annual attestations of Partners by identifying any AML/ATF and Compliance risks and providing necessary recommendations to the Manager as it relates to the monitoring and testing activities
- Support the Payments Team in identifying high risk areas recommending appropriate controls and work to address and close gaps
- Review compliance related due diligence documents for prospective Partner and merchant onboards for Acquiring and Issuing as well as ensure prospective Partners meet the obligations of the Card Brands regulatory entities and internal policies.
- Support the Payments team with the regulatory record keeping duties to maintain the effectiveness of the Banks AML/ATF Compliance Program and the integrity of data reported to the Principal Personal Banking Payments Senior Management and the Board of Directors.
- Maintain a current understanding of money laundering and terrorist financing issues including policies procedures regulations industry best practices criminal typologies and developing trends to provide support and direction to business units.
- Interpret new regulations industry trends and developments relating to the Payment Services business assess relevant impacts make sound recommendations as necessary and support the Business Unit in updating the Second-line Compliance Unit as needed
- Support in the reviews and investigations of potential violations or breaches of applicable laws and regulations including assisting with the identification of root causes development and implementation of remediation plans and preparing required notifications to the regulator(s).
- Coordinate compliance-based communications and training to Partners
- Monitor Partner and Merchant activities and provide oversight on the AML/KYC/KYB/KYA obligations for the payments business
- Work with the AML and Compliance second-line Compliance unit to manage and conduct compliance audits periodic compliance reviews as well as ad-hoc audits
- Oversee accurate and complete reporting analysis and record keeping of various internal and external logs including complaints security incidences to support our overall compliance obligations and any external regulatory audits
- Complete required administrative tasks with respect to partner registrations third-party registrations merchant registrations ticket management network reporting regulatory reporting and other administrative tasks as required
- Perform daily review Partners onboarding files onboard new partners and monitor/remediate activity on an ongoing basis
- Other ad-hoc duties as required
Lets Talk About You!
- Post-secondary education (diploma/degree) preferably in business or finance
- Have a minimum of 5 to 7 years experience in the financial industry. Preferably exposure to regulatory compliance risk management disciplines and best practices
- Sound knowledge of regulatory requirements for AML/ATF and sanction systems industry best practices and/or organizational goals for AML/ATF systems and recommend continuous improvements to processes and tools to meet these requirements
- Analysis testing and/or previous AML/ATF name screening and mortgage lending experience
- Strong knowledge of Microsoft Office (Word Excel and PowerPoint) and internet/web navigation
- Strong analytical and research skills; ability to organize and bring order to data and information drawing conclusions and making appropriate recommendations
- Ability to multi-task and prioritize to meet deadlines
- Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner
- Bilingualism is an asset (English and French)
- AML Designation (ACAMS) is an asset
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Senior IC
Employment Type
Full-Time
Key Skills
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
