Compliance Manager at Flywire1

The Opportunity: Flywire thrives on developing and bringing to market innovative payments solutions.  We believe that building and operating an outstanding company goes hand-in-hand with acting in a regulatorily compliant manner at all times. To support our continued growth worldwide and our expansion in the Canadian market, Flywire is seeking a dedicated and experienced Compliance Officer / MLRO to lead these efforts. The role will be Remote and will report to the Head of Compliance in the US.   Flywire operates within a complex global system of laws and regulations to provide our services to customers in the education, healthcare, travel and B2B sectors. As we expand our service offerings in Canada to serve new verticals, we need an experienced  Compliance and Regulatory trained leader to work cross-functionally and across multiple jurisdictions to create programs, administer filings and instill compliant processes that facilitate the launch and growth of Flywire products within a FINTRAC and Bank of Canada regulated entity. This will be a varied role working within our Financial Crimes Compliance team, leading and overseeing our Canada AML programs and FINTRAC / Bank of Canada -compliant regulatory work -- liaising with regulators, auditors, bank/payment partners, and clients, while building a program to monitor and comply with relevant evolving regulation – including maintaining appropriate localized governance to do the same.  You will find yourself working closely with stakeholders from our Product, Global Payments, Risk, Business, and Operations functions. You should be comfortable supporting sometimes complicated, global and regulated products that require analysis on several fronts.    The Canadian Compliance & Regulatory Manager will assist the organization by: • Monitoring relevant Canadian regulatory developments, particularly as they relate to payments regulation, consumer protection, money service business and fintech laws generally; • Supporting the Global Payments team on ongoing bank and payment partner management, including explaining our global Legal, Compliance and Regulatory framework and conducting onsite visits if needed; • Assisting with analysis and introduction of new products and services; • Managing Canadian Regulator and Law Enforcement relationships and interactions, if any; • Reviewing the regulatory environment for Flywire’s suite of services, determining if licensure or additional permissions are required or an exemption applies (and under what circumstances); • Building and maintaining needed Canadian AML/CTF programs, policies and procedures; • Assisting the Global AML/CTF compliance operations team, including sanctions screening, transaction monitoring, fraud monitoring and KYC;  • Managing the regulatory reporting (EFTR, STR) and response process, by ensuring clear allocation of responsibilities for regularly scheduled and ad hoc filings, and maintaining a repository of prior filings and information used to respond to regulatory inquiries or consultations; • Coordinate and develop presentations, responses and reporting to management, regulators, clients, FI Partners and governing bodies, as required; • Assist with development of internal communications, presentations, and training materials;  • Conducting regulatory reviews and due diligence on potential business acquisition targets, as required; • Maintain documentation on regulatory requests supported and responses provided; • Support additional Risk Governance projects and initiatives as needed; • Support global artificial intelligence development as it relates to AML/CTF and sanctions regulations • Drive and own the regulatory compliance aspects of our business in Canada and advise on AML regulations; • Localize and administer an AML/CFT compliance program and maintain a risk assessment to comply with applicable local requirements -- including transaction monitoring functions; • Work on various projects and miscellaneous issues both in Canada and globally such as partner KYC audits, client onboarding, and product enhancements; • Create insights on regulatory and supervisory topics for effective business response and mature risk governance practices