American Express

Vice President, Compliance - Canada

American Express • $160K — $200K *
Toronto, ON M3C 0E3Hybrid
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in financial services compliance and anti-money laundering, specifically in the Canada Cards/Payments industry.
  • Proven track record of engaging with local regulators and national authorities in Canada.
  • In-depth knowledge of local regulations affecting payment institutions.
  • Strong influencing skills to navigate complex organizational structures and drive compliance initiatives.
  • Demonstrated leadership ability to advise senior management effectively and build trust.
  • Fluency in managing stakeholder negotiations within a matrix environment.
  • Ability to prioritize and manage multiple tasks in a fast-paced setting.
  • Strong communication skills for effective representation in regulatory discussions.
  • Relevant degree in Law or Economics, with Compliance/AML certifications preferred.

Responsibilities

  • Act as the primary contact for all compliance matters related to Amex Bank of Canada and its legal entities.
  • Serve as a key liaison with Canadian regulators for compliance engagement.
  • Participate in the Canada Country Executive Team as the Legal Entity Compliance Officer.
  • Oversee regulatory compliance risks for American Express consumer products and services in Canada.
  • Drive the compliance strategy and represent the compliance voice for the Canada market.
  • Manage relationships with supervisory and regulatory agencies effectively.
  • Provide strategic compliance advice to market-level committees and business leaders.

Benefits

  • Opportunity to be part of the Country Executive Team, influencing high-level compliance strategy.
  • Engagement with senior business leaders and key stakeholders across the organization.
  • Access to a dynamic and complex work environment that fosters professional growth.
  • Possibility to lead and mentor a team, enhancing leadership skills.
  • Involvement in significant regulatory compliance initiatives that impact the Canadian market.
Full Job Description
Job Description

This is a senior role comprising of Country Executive Team Membership.

Responsibilities

High level responsibilities:
  • Single point of contact for all Compliance matters pertaining to Amex Bank of Canada (Bank), the Canada market, and Canada legal entities.
  • Key contact point for all Canada regulators for regulatory engagement with the Bank, the Canada market, and legal entities.
  • Serves on the Canada Country Executive Team as the Legal Entity Compliance Officer for the market. Member of the International Compliance Leadership team.
  • Responsible for oversight, direction and support for all regulatory compliance risks related matters within Canada for American Express consumer products & services.
  • Playing key roles and functions such as Chief Anti Money Laundering Officer (CAMLO), Chief Privacy Officer (CPO), Chief Complaints Officer, and Chief Regulatory Affairs Officer. Some of those roles may be delegated within the compliance team.
    Detailed responsibilities:
  • Driving the Compliance strategy and acting as the single compliance voice for the Canada market for all compliance risks governed by the Global Compliance Risk Management Policy.
  • Undertaking the role requirements and registrations of the Legal Entity Compliance Officer for the Bank and Legal Entities operating in Canada.
  • Managing relationships with all applicable supervisory and regulatory agencies.
  • Providing strategic compliance advice and assurance to market level and committees.
  • Strategic advisor to the business for all compliance-related matters, including but not limited to the regulatory implications of new and existing products, services and processes; resolution of compliance-related incidents and gaps; enhancements to the entity's compliance framework; and the review and approval of business activities.
  • Building deep and effective working relationships with senior business leaders and key stakeholder groups such as General Counsel's Organisation (GCO), 1LOD Business Unit Control Managers, Internal Audit Group (IAG).
  • Provide independent, objective oversight, and effective challenge to Business Units on appropriate and effective governance practices, controls and approval processes required at a business, legal entity and market level, to deliver and evidence regulatory compliance.
  • Partner with GCO to ensure robust identification of changes in relevant legislation, regulatory environment or changes in the business that have compliance related implications.
  • Coordinating and, as necessary, managing supervisory and regulatory examinations and audits.
  • Reporting to senior management, Board members and local authorities, as appropriate, the performed activities such as results of second line of defense monitoring and testing, compliance-related risks and risk indicators, and the escalation of compliance issues and incidents.


Qualifications

Required Skills / Qualifications
  • Significant financial services Compliance and anti-money laundering experience related to Canada Cards / Payments industry; deep knowledge of Canada requirements for Payment Institutions, for both issuing and acquiring business.
  • Strong expertise in interacting with local regulators/national authorities as well as strong networking in the Canada payment/financial/banking community.
  • Strong knowledge of local regulations.
  • Strong influencing skills in a complex /matrix organization to drive results/design a local robust regulatory compliance framework.
  • Strong leadership skills to work effectively with very senior levels of American Express management (business and Compliance) and be a trusted advisor.
  • Fluency in leveraging a complex matrix environment to negotiate successfully with key stakeholders to achieve desired outcomes.
  • Demonstrated ability to handle multiple priorities in a dynamic environment.
  • Ability to collaborate and build and foster strong relationships within the Compliance organization globally and regionally in addition to key stakeholders.
  • Strong communication skills to positively represent in discussions with regulators.
  • Strong management skills to effectively lead, motivate and manage a team of direct/indirect reports.
  • Graduate and/or relevant professional qualification preferred - Law or Economics Degree, Compliance/AML Diploma, CAMS Certification will be an advantage.
  • Job location: Canada


About American Express

Amex provides industrial services to the coatings and linings sector, providing support for commercial, industrial, and maritime projects such as petrochemical, power, and water treatment industries. They offer painting services for steel structures, storage tank linings and coatings, pipelines, floors, and marine vessels such as ships, tugboats, and barges.

American Express Careers

Join the vibrant team at American Express, a global leader in financial services, and be part of a company that values innovation, leadership, and diversity. At American Express, we offer more than just job opportunities; we provide a platform for professional growth and a chance to be part of a culture that is committed to excellence and inclusive growth. Work You’ll Do At American Express, we are dedicated to helping our employees reach their full potential. With a variety of career paths available in areas such as technology, marketing, finance, and customer service, American Express is the perfect place to advance your career. Our team is composed of highly skilled professionals who thrive on innovation and collaboration. Join our team and contribute to a company known for its prestigious history of leadership in the credit card industry. Engage in meaningful work that makes a real impact on our global scale business operations. American Express Leadership and Development Programs We believe in nurturing the leadership skills of our employees with extensive training programs and leadership development opportunities. Our commitment to professional growth is evident in our comprehensive benefits package that supports both personal and professional development. Internship Opportunities Start your career with an internship at American Express and gain valuable industry experience. Our internships offer a chance to develop skills, work on challenging projects, and learn from leaders in the industry. Interns at American Express are considered integral members of the team and are given responsibilities that provide a real insight into their future career paths. Diversity and Inclusion At American Express, diversity and inclusion are at the core of our company culture. We are committed to building a diverse workforce and inclusive environment where every employee feels valued and inspired. We offer diversity training programs that empower our employees to thrive and lead in a global marketplace. Networking and Innovation Our employees enjoy unparalleled opportunities for networking and personal growth through our global connections and innovative projects. American Express encourages a culture of innovation that helps propel our company and your career forward. Career Benefits and Growth American Express is dedicated to the growth of its employees. We offer competitive benefits, including health, retirement plans, and family leave, ensuring that our team members have the support they need to succeed both at work and in their personal lives. Join Our Team Explore the job opportunities and open positions at American Express. We are continuously hiring talented individuals who are passionate about their careers and interested in working for a company that offers a dynamic and supportive environment. Stay Connected Keep up to date with the latest from American Express Careers by following our career blog and signing up for job alert emails. Tailor your subscription to receive updates that match your skills and interests. Discover the exciting and rewarding career opportunities that await at American Express. SEARCH AMERICAN EXPRESS JOBS Whether you are looking for a full-time position, an internship, or a leadership opportunity, American Express offers a path to a rewarding career. Join us and make a difference with your passion, creativity, and drive.
Learn more about American Express
Size
64,000 employees
Market Cap
$108.1 billion
Industry
Finance & Insurance
Net Income
$3.1 billion
Founded
1850
5 Year Trend
+3.5%
Revenue
$37 billion
NASDAQ
AXP
* Ladders Estimates

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