Money Laundering Reporting Officer

This is a fully remote position, open to applicants in Canada.

📋 Description

• Act as the Money Laundering Reporting Officer (MLRO) for RBCC, overseeing the design, implementation, and effectiveness of the AML/ATF program.

• Serve as the main regulatory liaison with FINTRAC, handling supervisory communications, reporting responsibilities, and readiness for examinations.

• Make determinations regarding the filing of Suspicious Transaction Reports (STRs) and proceed with filing as necessary.

• Conduct daily transaction monitoring and manage sanctions screening triage and investigations for the Canadian operations.

• Own and regularly update RBCC's AML/ATF risk assessment, adapting it as product offerings, geographical scope, and risk profiles change, including onboarding processes in Quebec.

• Create, document, and implement RBCC's ongoing compliance training initiatives.

• Establish operational workstreams for Canada, detailing case types, service level agreements (SLAs), escalation processes, and necessary tools.

• Negotiate and clarify AML/compliance requirements with BMO and other partners as new products and use cases are introduced.

• Collaborate with Ramp's Compliance, Legal, and Regulatory Affairs teams on cross-border initiatives and the expansion efforts in Canada.

• Work alongside Global and Engineering teams to pinpoint automation and operational efficiency opportunities, leading AI-driven projects.

⛳️ Requirements

• Minimum of 8 years of experience in financial services, focusing on compliance, AML, or related regulatory advisory roles, preferably within fintech or as part of a Money Services Business (MSB).

• Extensive knowledge of FINTRAC's supervisory expectations and regulations.

• Direct experience interacting with regulators and banking partners.

• Proficiency in AI and proven ability to utilize AI for the development and scaling of AML programs.

• Ability to function independently as a compliance lead, exercising discretion in filing and escalation decisions.

• Experience in building an AML program from the ground up rather than just maintaining an existing one.

• Preference for experience in fintech or payments sectors (e.g., card issuing, corporate expenses, high-velocity digital transaction monitoring) over traditional retail branch compliance backgrounds.

• Fluency in French is required.

• Experience assisting with the MSB registration and licensing process (e.g., provincial registrations like Quebec).

• Previous exposure to cross-border or group compliance structures.

• Strong data analysis skills.

• Currently residing in Canada with direct responsibility for a Canadian AML/ATF compliance program that adheres to FINTRAC guidelines.

🏝️ Benefits

• Flexible paid time off (PTO).

• Centralized ordering of home-office equipment.

• Stipend for health and wellness expenses.

• Budget allocated for intra-office travel.

• Weekly coffee allowance.

• Group medical, dental, and vision insurance through Sun Life.

• Coverage for life, accidental death and dismemberment (AD&D), and disability.

• Fertility medication coverage (up to $4,000 lifetime).

• Group Retirement Plan with employer matching contributions (RRSP + DPSP).

• Parental leave benefits: up to 16 weeks (for birthing and bonding) or 8 weeks (bonding only) at full pay, with the option for additional time at reduced pay.

• Employee Assistance Program and virtual healthcare services through Lumino Health.

• Equity opportunities.