Pertinent Information: Full-time, direct hire. Must have management experience within a currency exchange business/money services business.
Location: Windsor, ON.
Wage: $65,000 – $80,000 + depending on experience.
Job Description
The successful candidate will be responsible for driving revenue growth, expanding services, increasing client acquisition and identifying ancillary revenue opportunities while ensuring strict compliance with all regulatory requirements.
Responsibilities to include the following, but not limited to:
Business Growth, Expansion & Revenue Growth
- Develop and execute strategies to increase transaction volume, revenue and market share
- Identify and implement ancillary revenue opportunities, including expansion into services such as: cheque cashing services; multi-currency exchange and inventory optimization; EFTs, wire, money transfers and remittances, etc.
- Establish and manage relationships with cross-border businesses, commuters, logistics companies and commercial clients
- Analyze currency flows, market demand and border traffic to identify growth opportunities
- Monitor KPIs, financial performance and operational efficiency to ensure profitability
- Evaluate and implement new products, pricing strategies and service offerings
Compliance & Regulatory Oversight
- Ensuring full compliance with FINTRAC regulations and all applicable MSB, AML, and ATF requirements
- Maintain and enhance AML/ATF compliance programs, policies and internal controls
- Oversee regulatory reporting, including Suspicious Transaction Reports (STRs) and Large Cash Transaction Reports (LCTRs)
- Manage internal and external audits, regulatory reviews and compliance monitoring
- Ensure accurate recordkeeping and reporting in accordance with regulatory standards
Operational Leadership
- Oversee daily operations across both locations
- Implement operational controls, risk management procedures and quality assurance processes
- Recruit, train, schedule and supervise staff to meet operational and compliance standards
- Manage currency inventory, liquidity, banking relationships, fund transfers between locations, ordering funds, etc
- Ensuring operational efficiency, security and regulatory adherence
Qualifications
- Minimum three (3) years management/leadership experience in a Money Services Business, currency exchange, or regulated financial services environment
- Strong knowledge of FINTRAC regulations, AML/ATF compliance, and MSB regulatory requirements
- Degree in Business Administration, Finance or Accounting
- Strong knowledge of cross-border CAD/USD currency markets, other currencies and liquidity management
- Experience implementing or managing ancillary MSB services such as cheque cashing, remittances, crypto services or precious metals
- CAMS certification or equivalent AML compliance certification is considered an asset