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Director Markets Compliance

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The Opportunity: Are you energized by meeting the demands of the ever-changing regulatory environment? Want to work for a company where you can offer B2B clients ground-breaking digital solutions in pretty much any currency you can think of?

Western Union Business Solutions ('WUBS') is a business segment of The Western Union Company (“WU”) and is one of the world's leading foreign exchange and international business payments companies. Through various subsidiaries and branches of WU, WUBS operates in multiple jurisdictions including the Americas, Asia, Europe, and Australia.  It primarily offers business-to-business payment and receipt solutions and in some jurisdictions, foreign exchange hedging products.

We’re seeking a Director, Markets Compliance, based in our Toronto, Canada office. In this role, you will assist the businesses in identifying and mitigating regulatory and reputational risk and ensure that all applicable regulatory requirements are met. You will advise the business, in conjunction with the WUBS legal department, on applicable regulations and market practices relevant to the WUBS business, including with respect to foreign exchange derivative products. You will promote a culture of compliance and providing ongoing current compliance training. 

Sound interesting? Here are some specifics: 

• Oversee and implement continuous development of WUBS compliance markets compliance program including:  policies, procedures, systems and training and the applicable regulatory requirements
• Communicate, in conjunction with the legal department, all relevant regulatory changes and updates to the business 
• Support the business in implementing derivative regulatory rules and changes
• Review and update assessments of the control environment, tracking control issues, and remediation efforts
• Prepare and conduct periodic and mandatory annual training
• Continually acquire and enhance knowledge of business strategies, policies, regulatory requirements, and changing technology to effectively assist in the provision of business solutions
• Assist with the establishment and implementation of markets policies and procedures 
• Determine the applicability of compliance initiatives on the WUBS business across the region, analyze their impact on the business and assist with formulation of strategic Compliance plans 
• Follow the development of current and new laws, regulations, guidelines, codes of conduct, and market practices within the region and assists the business in establishing policies and procedures that satisfies the requirements of the relevant law and business requirements
• Work with the business to identify, assess and mitigate Compliance risks 
• Assist in the preparation of any monthly and quarterly reports 
• Ensure any issues identified in internal and external audits are resolved 
• Assist with any regulatory inspections and examinations of WUBS and relationships with WUBS internal and external auditors 
• Assist with the investigation and documentation of escalated complaints
• Other ad-hoc projects for supporting operational and regulatory needs 

What you will need to succeed:

• Bachelor’s Degree or equivalent is required in Business, finance, law, public policy, economics or accounting 
• Extensive experience in a managerial compliance role in a Financial Services organization
• Experience with Foreign Exchange products such as spot FX, Forwards and Structured Options
• Strong knowledge and command of Foreign Exchange OTC Derivative products, working understanding structure of derivatives transactions as well as the basic finance principles
• Demonstrated knowledge of the recent regulatory reforms including the Canadian provincial securities regulations & Dodd Frank Swap rules; practical impact on the business, operations, and related technology 
• Knowledge of the regulatory infrastructure and requirements of Trade Reporting 
• Ability to analyze and to interpret information critically 
• Strong interpersonal and oral and written communication skills and is comfortable interacting with staff at all levels globally  
• Ability to work independently and in a team environment 
• Ability to focus on detail while also considering the “the big picture” 

What will make you stand out:

• Demonstrated high level of computer literacy 
• Ability to stay organized, handle competing tasks & demands in a high-pressure environment
• Complete projects accurately and on time 
• Enthusiastic learner and creative problem solver
• Advanced presentation and communication skills (written and oral)
• Excellent command of English – both in verbal and written.  Similar ability with French is desirable  

What’s in it for you?

• Competitive global pay, benefits and mobility
• Unparalleled experience, working for a market leader in FX payment solutions
• Diverse, global team with colleagues in over 50 countries

What it’s like here:

The Payments Business Unit of Western Union is one of the world's leading providers of international business payments and foreign exchange. With access to over 130 currencies, we enable companies of all sizes as they move money across borders via a financial network that spans over 200 countries and territories. We’re disrupting fintech with our groundbreaking digital B2B platform, WU EDGE, which helps companies spend less time handling international payments and worrying about foreign exchange exposure, and more time growing their businesses. And we’re just getting started!
Being on the Western Union team means being tenacious and goal-oriented. It means taking risks and quickly finding the path to success. It means having integrity, and finding ways to make things work. It means thriving as part of a diverse, global team of over 10,000 people who are committed to moving money for better. It means being driven to win, and to do work that makes a difference… on a global stage. Sound like you? Apply now!

Inclusion and diversity are fundamental to our culture and success. Achieving our common vision depends on people with diverse backgrounds working together on teams. Who knows, your unique point of view could be the key to our next groundbreaking idea. We’d love to explore that possibility!

Western Union is proud to be an Equal Opportunity-Affirmative Action Employer. The company will provide accommodation to applicants, including applicants with disabilities, during the recruitment process, in accordance with applicable laws. We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy or related medical conditions), national origin, veteran status, sexual orientation, gender identity, age, disability, marital status or another protected category. 

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