Senior Manager, Payments Product Compliance

Wealthsimple Technologies

13d•Hybrid

About The Position

We’re looking for a Payments Regulatory Compliance Manager to join our growing Compliance team. This role will support the Director of Payment Operations & Compliance and focus on the end-to-end management of compliance programs tied to our Banking, Credit Card, and Prepaid products. You’ll oversee Wealthsimple’s compliance with payment regulations including the Retail Payment Activities Act (RPAA) and Visa/Mastercard network rules, working closely with our Product, Legal, and Operations teams to ensure scalable and compliant launches. This is a new role created as part of the Payments team restructure. You’ll be responsible for building sustainable programs, enabling internal alignment, and using tools like Notebook LM to help automate and accelerate execution.

Requirements

5+ years of experience in payments compliance, regulatory risk, or operations within fintech, banking, or payment networks
Strong understanding of Canadian payments regulation (RPAA, FINTRAC, FCAC, OSFI) and Visa/Mastercard network rules
Experience working with US bank sponsorship programs/ US payment systems and relevant regulations (e.g., BSA, FinCEN, CFPB, Nacha, RTP)
Experience supporting card or prepaid programs, PSP licensing, or retail payment frameworks
Comfortable navigating ambiguity and building new processes from the ground up
Excellent communication and project management skills, with experience working cross-functionally across Product, Legal, and Operations
Familiarity with compliance automation and tooling (e.g., GRC tools, Notebook LM, or custom-built dashboards)
Strong analytical and problem-solving abilities, with an eye for both risk and scalability

Nice To Haves

Experience working on regulatory submissions (e.g., RPAA registration, Visa program changes)
Experience introducing AI workflows to Compliance programs
Familiarity with internal governance programs and audit workflows
Background in launching new fintech products or payment rails
Experience working with processor platforms or integrations

Responsibilities

Lead the implementation and management of compliance programs aligned with RPAA, card network requirements (e.g., Visa), and relevant lending licensing or registration needs
Oversee day-to-day controls and monitoring for the Banking and Credit Card compliance programs
Serve as the internal subject-matter expert for payments regulation, licensing, and risk controls related to safeguarding, operational risk, and program governance
Lead to internal training and awareness to strengthen payment regulatory knowledge across teams
Partner with Product, Engineering, and Operations teams to embed compliance into product development and lifecycle management
Draft and maintain policies, procedures, and internal guidance for applicable compliance requirements
Support regulatory reporting and audit readiness, including regulator inquiries, risk assessments, and network attestations
Identify and triage compliance risks related to payment program expansions or enhancements
Leverage automation tools (e.g., Notebook LM) to streamline program execution and reduce overhead
Collaborate with cross-functional teams to scale programs efficiently and support junior team member enablement

Benefits

Top-tier health benefits and life insurance
Long-term group savings with employer match, through Wealthsimple for Business
20 vacation days, 4 wellness days, and unlimited sick and mental health days per year
90 days away: work outside Canada for up to 90 days per year
Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS
We are a hybrid team with over 1,500 employees across North America. The people are one of the best parts of working here: you'll collaborate with incredibly talented, curious, and driven teammates who are deeply committed to doing great work.

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