Regulatory Compliance Manager, Canada at Airwallex

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial Services, PaymentsIndustries

Requirements

Based in Toronto (on-site role)
Experience managing regulatory compliance for money services businesses (MSB) in Canada
Ability to deliver regulatory engagement strategy and manage MSB licensing program
Expertise in coordinating with internal/external parties for compliance, including regulators
Skills in analyzing products for regulatory compliance and providing 2LOD guidance
Knowledge of Canadian regulatory obligations, licensing, reporting, exams, and inquiries

Responsibilities

Support Airwallex Group’s expansion by managing regulatory compliance components of license authorisation processes
Act as key stakeholder in license applications, business plan updates, and information requests with regulators
Ensure regulatory compliance and integrity risk reporting obligations are maintained for Airwallex Group entities in the Americas region
Support and/or manage on-site exams and inspections (in collaboration with LRC colleagues)
Advise the business on regulatory change initiatives, focusing on managing compliance risk from new laws and regulations
Develop policies, processes, and provide advice in relation to regulatory requirements
Maintain licensing responsibilities, file reports, renew registrations/licenses, manage regulatory examinations, and interface with MSB regulators
Analyze new/existing products, ensure 2LOD controls are fit for purpose, and guide first line business on processes and features

Skills

Regulatory Compliance

Risk Management

Compliance Advisory

Financial Regulations

AML

KYC

Second Line of Defence

Oversight

Airwallex

Cross-border payment solutions for businesses

About Airwallex

Airwallex provides cross-border payment solutions for businesses of all sizes, including small to medium-sized enterprises and large corporations. The company offers a range of financial services such as multi-currency accounts, international money transfers, foreign exchange services, and payment gateway solutions. These services are designed to facilitate efficient and cost-effective international transactions. Airwallex uses advanced technology to ensure that these transactions are fast and secure. Unlike many competitors, Airwallex focuses on building financial infrastructure that supports the digital economy, allowing businesses to operate seamlessly across borders. The company's goal is to simplify global payments and make them accessible to businesses worldwide.

Eastern District, Hong KongHeadquarters

2015Year Founded

$877.4MTotal Funding

SERIES_ECompany Stage

FintechIndustries

1,001-5,000Employees

Benefits

Hybrid Work Options

Employee Equity Programs

Risks

Increased competition from fintech startups could erode Airwallex's market share.

Regulatory scrutiny in Asia-Pacific, especially China, may impact Airwallex's operations.

Volatility in foreign exchange rates poses a risk to Airwallex's revenue streams.

Differentiation

Airwallex offers a comprehensive suite of cross-border payment solutions for businesses.

The company integrates financial services into platforms, enhancing customer experience and efficiency.

Airwallex's global presence with ten international offices supports its expansive service offerings.

Upsides

Airwallex reported an 83% revenue increase in APAC, showcasing strong regional growth.

The partnership with Carwow enhances Airwallex's visibility and operational efficiency in the UK.

Airwallex's expansion in EMEA with new offices boosts its international market presence.

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