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We are seeking a senior MSB Director with strong FINTRAC experience to lead, manage, and scale a regulated Money Services Business (MSB) in Canada. The role combines regulatory leadership, operational oversight, and strategic growth, ensuring full compliance with Canadian AML/CTF laws while supporting commercial expansion. This is a hands-on senior position requiring deep expertise in FINTRAC registration, ongoing compliance obligations, examinations, and regulator interactions, as well as practical MSB operational experience (payments, FX, crypto, or remittance).


Key Responsibilities:

Regulatory & Compliance (Core Focus)

• Act as senior accountable executive for FINTRAC-registered MSB activities
• Oversee and maintain FINTRAC MSB registration, filings, and updates
• Lead all FINTRAC examinations, audits, and regulatory correspondence

• Ensure full compliance with:
   
  • PCMLTFA
  • AML/CTF regulations
  • Sanctions screening
  • Record-keeping and reporting obligations (STRs, LCTRs, EFTs, etc.)

• Oversee AML framework, including:
   
  • Risk assessments
  • Compliance policies & procedures
  • Transaction monitoring
  • KYC / EDD processes

• Liaise with external auditors, consultants, and legal advisors

Business & Operational Oversight

• Provide senior management oversight of MSB operations (payments, FX, crypto, remittance, or related services)
• Collaborate with operations, technology, and compliance teams to ensure regulatory requirements are embedded in day-to-day workflows
• Support onboarding of banking partners, PSPs, and correspondent relationships
• Ensure scalability of compliance and controls as transaction volumes grow

Leadership & Strategy

• Serve as a key member of senior management and trusted regulatory voice to the Board
• Support strategic expansion of services and products within the MSB framework
• Hire, manage, and mentor compliance and operations staff where required
• Contribute to governance, internal controls, and risk management frameworks

Required Experience & Qualifications:

Mandatory

• Extensive hands-on experience with FINTRAC (minimum 5–7 years)
• Prior senior role within a Canadian MSB (Director, Head of Compliance, COO, Managing Director, or equivalent)
• Direct experience handling FINTRAC examinations and regulatory interactions
• Strong understanding of Canadian AML/CTF regulatory landscape
• Proven experience with MSB products such as:
  • Payments
  • Foreign exchange
  • Crypto / virtual currency
  • Remittance or money transfer services

Strongly Preferred

• Previous role as Chief Compliance Officer, CAMLO, or MLRO-equivalent in Canada
• Experience dealing with Canadian banks and de-risking challenges
• Background in fintech, crypto, payments, or FX environments
• Experience scaling a regulated MSB from early-stage to growth phase

Education & Certifications

• Bachelor’s degree in Law, Finance, Business, or related field
• CAMS or equivalent AML certification (preferred but not mandatory)

Personal Attributes

• Highly credible with regulators and banking partners
• Commercially minded but risk-aware
• Calm, structured, and authoritative under regulatory pressure
• Hands-on, not purely advisory
• Strong written and verbal communication skills

Engagement Type

• Full-time preferred
• Open to senior consultant / interim-to-perm profiles with strong FINTRAC depth

Compensation:

• Salary range based on experience. Competitive and commensurate with qualifications.


Reporting To:
Board / Group CEO