Senior Compliance Officer – AML & Cross-Border Payments
About The Position
OTT Financial is seeking a Senior Compliance Officer – AML & Cross-Border Payments to lead and strengthen our Canadian AML/ATF compliance framework with a particular focus on cross-border remittance, foreign exchange, and offshore RMB settlement flows. Our company operates as a registered Money Services Business (MSB) in Canada and collaborates with regulated Money Service Operators (MSO) in Hong Kong to facilitate international payment and FX settlement services. The role will work closely with senior management, auditors, and regulatory bodies to ensure full compliance with Canadian AML regulations, FINTRAC requirements, and international remittance compliance standards. The ideal candidate will bring deep expertise in AML/ATF compliance within cross-border payments and foreign exchange settlement, along with a strong understanding of global remittance flows. Experience working with Hong Kong financial institutions or within major Asian remittance corridors is highly desirable.
Requirements
- 10+ years of experience in AML compliance, financial regulatory compliance, or financial crime risk management.
- Experience in foreign exchange, remittance, or international payment businesses.
- Experience with Money Services Business (MSB) or payment institutions.
- Strong knowledge of: FINTRAC AML regulations, Canadian MSB compliance requirements, AML transaction monitoring systems, and Sanctions screening frameworks.
- Bachelor's degree in Finance, Law, Accounting, Economics or related field.
Nice To Haves
- Experience working with Hong Kong financial institutions, MSO, or Asian remittance markets.
- Experience handling offshore RMB or cross-border currency settlement.
- Experience dealing with external AML audits and regulatory examinations.
- Knowledge of Hong Kong AML regulations or MSO regulatory frameworks is a strong advantage.
- CAMS (Certified Anti-Money Laundering Specialist)
- CA AML Certification
- Compliance or financial regulatory certifications.
- Advanced degree or professional certification preferred.
Responsibilities
- Oversee and maintain the company's AML/ATF compliance program in accordance with FINTRAC regulations and Canadian MSB requirements.
- Ensure ongoing compliance with: Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) FINTRAC reporting obligations Sanctions and screening requirements
- Develop and maintain policies related to: KYC / Customer Due Diligence Transaction monitoring Suspicious transaction reporting Large cash and international electronic funds transfer reporting.
- Provide compliance oversight for cross-border remittance and foreign exchange transactions, including offshore RMB flows.
- Ensure compliance alignment between: Canadian MSB operations Partner MSO institutions in Hong Kong.
- Review transaction structures to ensure regulatory compliance across jurisdictions.
- Provide compliance guidance for large-value international remittance flows.
- Act as the primary compliance liaison with external auditors, regulators, and banking partners.
- Support internal and external AML audits and regulatory examinations.
- Prepare regulatory documentation and responses to compliance inquiries.
- Identify AML and compliance risks associated with cross-border payment products.
- Strengthen internal controls and risk management processes.
- Provide compliance guidance for new product launches or payment channels.
- Train internal teams on AML and compliance requirements.
- Work closely with legal, operations, and product teams to ensure compliance alignment.
- Provide regular compliance reporting to senior management.
Benefits
- Salary: $120K-180K
- Performance Bonus
- Extended Health, Dental, and Vision Benefits
- Life and Disability Insurance
- Vacation Leave
- Learning and Professional Development Support
- A chance to work in a dynamic, collaborative, progressive and high-performing team
- Tremendous opportunities for Growth and Development
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
