MuchBetter

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Compliance Officer

Compliance

Head of Compliance

Canada

MuchBetter is an eWallet app spearheading innovation in payment technology. We specialise in providing the perfect eWallet solution in 185 countries, for now more than 1,000,000 customers.

MuchBetter brings together a team of tenacious thought-leaders, re-imagining the business model of payment services and pushing the boundaries and capabilities of a payment app.

With people in the Isle of Man, UK, Spain and Costa Rica, Malta and Lithuania our team is multicultural, and our workspace is a place for creativity, change, innovation and collaboration. We employ people who think outside the box, share ideas without restrictions, take pride in supporting the wider team, and are not afraid to ask questions.

The Role

The Compliance team is looking for a Compliance Officer to join them based in Canada. You need to speak both English and French.
In your role as a Compliance Officer, you will report to the Head of Compliance.

Key Tasks

  •  To maintain an effective client onboarding framework aligned with relevant laws and regulations.
  • Responsible for the sign-off on complex structure cases and effective production of case files of evidence for internal and/or external scrutiny.
  • Act as escalation point for Onboarding queries.
  • Responsible to ensure staff are trained in AML processes and procedures on a routine basis.
  • Ensuring comprehensive operational control and reporting on a regular basis.
  • Manage internal investigations of suspicious activity in accordance with the AML policies and procedures and make decisions on whether to submit these to financial intelligence agencies.
  • Provide support and coaching to staff where required including having 1-2-1’s including mid and annual year-end reviews.
  • To assist with the preparation of compliance reports on a routine basis to the Board including recommendations as applicable.
  • To design and implement action plans based on compliance audits and/or changes in regulations as applicable.

Core Responsibilities:

  • To maintain the overall Compliance Strategy and approach for the company in accordance with its strategic objectives and regulatory framework in which it operates.
     Maintain a robust Compliance and AML framework underpinned by applicable systems, processes, and procedures.
  • Being the focal point with local regulators and law enforcement.
  • To understand and document regulations that impact the company, ensuring the company has processes and procedures in place to demonstrate compliance with the same.
  • To maintain a suite of Compliance & AML management reports to help monitor and review compliance with applicable regulations and risks.
  • Responsible to ensure staff are trained in AML processes and procedures on a routine basis.
  • Ensure effective management of the internal and external communication in relation to anti-money laundering regulations.
  • Manage internal investigations of suspicious activity in accordance with the AML policies and procedures and make decisions on whether to submit these to financial intelligent agencies.
  • To act as MLRO.
     Ensure effective production and format of case files of evidence for external scrutiny.
  • Advise on new products / business partners from an AML and Compliance perspective.
  • To assist with the preparation of the compliance reports on a routine basis to the Board including
    recommendations as applicable.
  • To submit returns to relevant regulatory bodies
  • To work across the group and help advise and resolve operational compliance / AML issues.
  •  To design and implement action plans based on compliance audits and / or changes in regulations as applicable.

Experience:

  • 5+ years’ experience within a regulated environment working in a Compliance capacity
    particularly e-gaming, payments and/or banking.
  • Sound educational background.
  • Good working knowledge of Canadian applicable laws and regulations and demonstrable
    experience of operating within a licensed organisation; experience in dealing with other regulated
    jurisdictions will be an advantage.
  • Sound working knowledge of AML legislation and regulations and demonstrable experience of its application.
  • Must speak English and French. Other languages will be an advantage due to our international presence.

To apply for this role, please email your CV to hr@mirlimited.com

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