Chief Compliance Officer / Head of Compliance, Europe
At nanopay, we are driven by a passion to transform the way the world moves money and have created the technology to enable a global payment network to transfer value as easily as sending a text. With Goldman Sachs as our lead investor and notoriety extending to Forbes and the Wall Street Journal, nanopay is seeking out additional high-performance individuals to help us execute on the next stage of growth.
nanopay is transforming the way the world transacts. Payments are increasingly becoming digital and the need for a Frictionless® platform that securely stores and moves money in an instant without intermediaries is essential to reducing the cost and risk associated with payments. Through technology originally developed by the Royal Canadian Mint, and perfected by us, nanopay offers a cryptographically-secured digital cash system backed by fiat currency that instantly processes payments and can be utilized across a number of use cases including B2B, cross-border, intra-company liquidity and digital cash. nanopay is based in Toronto, Canada, with a reach extending to New York, San Francisco, Waterloo, and soon Lithuania and Europe.
At nanopay we are committed to the highest standards of control, governance and independent oversight. We are searching for someone with extensive experience in the financial industry, someone who knows payments well, and has proven experience in a compliance function. nanopay is seeking a Chief Compliance Officer / Head of Compliance for its European business to ensure that its regulatory compliance, privacy, conduct risk, financial crime compliance (i.e. Anti-Money Laundering, Sanctions and Anti-Bribery Corruption) control frameworks in Europe are fully integrated into its global compliance program. You will be required to play a leading role in the development and maintenance of nanopay’s compliance strategies and relevant policies and procedures, and ensure their rigorous implementation across all functions within the business, while guaranteeing sustained regulatory compliance. The position will report to the Global Chief Compliance Officer located in Toronto and will be based in Lithuania or Estonia.
Role / Responsibilities:
Develop, oversee and monitor nanopay’s European Compliance Management Program. This includes, but is not limited to:
- Defining, developing, and documenting nanopay’s European AML, Sanctions and AB&C programs, Sanctions screening, transaction monitoring programs, SAR/STR filing program, as well as instituting policies and procedure to prevent, identify and halt Financial Crime
- Revising on a periodic basis nanopay’s European compliance program in light of changes to nanopay’s business or changes in European laws and regulations
- Training nanopay personnel, contractors and consultants to ensure they understand their responsibilities pursuant to applicable law and regulatory requirements
- Facilitating regular regulatory risk assessments and examinations, and providing senior management with recommendations based on the results of these assessments and examinations
- Helping to track and provide recommendations for remediation of identified exceptions or deficiencies identified through monitoring and testing activities, and collaborating with representatives of other functions to ensure timely remediation
Working closely with the Head of Payment Operations, the General Counsel and other senior managers across the business to identify, assess, update and mitigate the regulatory compliance risks posed to nanopay’s European and global operations, including determining the priorities and resources required to effectively control such risks.
Providing compliance advisory guidance to nanopay’s payment operations, product, IT and risk and fraud functions to ensure nanopay products send and receive payments in a compliant manner.
Assisting nanopay’s information security function in developing and implementing a GDPR compliant privacy program.
Working for the Code of Ethics and compliance manual update.
Interacting with regulators on compliance issues, including promptly responding to any regulatory inquiries and supporting examinations.
- You should be someone who likes a challenge and loves to succeed.
- You should have excellent team management skills, including the ability to oversee compliance and control activities within a global payment processing environment.
- You should possess deep knowledge and have experience in best practices in the areas of anti-money laundering and sanctions regime processes, procedures, and controls; fraud detection methodologies; and emerging practices in detecting and preventing financial crime.
- You should be a good communicator and be able to motivate others. You should be good at problem-solving and have solid decision-making skills; you should have the ability to analyze complex information to identify the key issue/action and then drive resolution.
- You should possess a deep understanding of payment systems and be familiar with modern payments technologies such as mobile applications.
- And finally, you should speak, read and write in fluent English, and should also be proficient in Lithuanian.
Competitive including stock options