Senior Manager, Payments Product Compliance

Senior Manager, Payments Product Compliance BUILD SOMETHING PEOPLE LOVE Wealthsimple's mission is to help everyone achieve financial freedom – by making financial services simple, transparent, and low-cost. We're Canada's largest fintech, trusted by over 3 million clients with more than $100 billion in assets. We move fast, we own our work, and we care deeply about the people using our products. If that sounds like you, keep reading. We're proud of what we've built — and we're just getting started. Read our Culture Manual https://www.wealthsimple.com/en-ca/culture and learn more about how we work https://www.wealthsimple.com/en-ca/careers. ABOUT THE ROLE We’re looking for a Payments Regulatory Compliance Manager to join our growing Compliance team. This role will support the Director of Payment Operations & Compliance and focus on the end-to-end management of compliance programs tied to our Banking, Credit Card, and Prepaid products. You’ll oversee Wealthsimple’s compliance with payment regulations including the Retail Payment Activities Act (RPAA) and Visa/Mastercard network rules, working closely with our Product, Legal, and Operations teams to ensure scalable and compliant launches. This is a new role created as part of the Payments team restructure. You’ll be responsible for building sustainable programs, enabling internal alignment, and using tools like Notebook LM to help automate and accelerate execution. RESPONSIBILITIES - Lead the implementation and management of compliance programs aligned with RPAA, card network requirements (e.g., Visa), and relevant lending licensing or registration needs - Oversee day-to-day controls and monitoring for the Banking and Credit Card compliance programs - Serve as the internal subject-matter expert for payments regulation, licensing, and risk controls related to safeguarding, operational risk, and program governance - Lead to internal training and awareness to strengthen payment regulatory knowledge across teams - Partner with Product, Engineering, and Operations teams to embed compliance into product development and lifecycle management - Draft and maintain policies, procedures, and internal guidance for applicable compliance requirements - Support regulatory reporting and audit readiness, including regulator inquiries, risk assessments, and network attestations - Identify and triage compliance risks related to payment program expansions or enhancements - Leverage automation tools (e.g., Notebook LM) to streamline program execution and reduce overhead - Collaborate with cross-functional teams to scale programs efficiently and support junior team member enablement IDEAL CANDIDATE - 5+ years of experience in payments compliance, regulatory risk, or operations within fintech, banking, or payment networks - Strong understanding of Canadian payments regulation (RPAA, FINTRAC, FCAC, OSFI) and Visa/Mastercard network rules - Experience working with US bank sponsorship programs/ US payment systems and relevant regulations (e.g., BSA, FinCEN, CFPB, Nacha, RTP) - Experience supporting card or prepaid programs, PSP licensing, or retail payment frameworks - Comfortable navigating ambiguity and building new processes from the ground up - Excellent communication and project management skills, with experience working cross-functionally across Product, Legal, and Operations - Familiarity with compliance automation and tooling (e.g., GRC tools, Notebook LM, or custom-built dashboards) - Strong analytical and problem-solving abilities, with an eye for both risk and scalability NICE TO HAVE - Experience working on regulatory submissions (e.g., RPAA registration, Visa program changes) - Experience introducing AI workflows to Compliance programs - Familiarity with internal governance programs and audit workflows - Background in launching new fintech products or payment rails Experience working with processor platforms or integrations WHY WEALTHSIMPLE? 🌸 Top-tier health ... (truncated, view full listing at source)