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Compliance Manager

About Float

Float is on a mission to simplify finance for Canadian businesses, empowering them to eliminate complexity and unlock new opportunities. Through our innovative platform, Float enables businesses to streamline spending and optimize cash flow, so they can focus on what matters most: growth. As one of Canada’s fastest growing companies and top-rated startups in 2024 and 2023, Float is customer-obsessed, passionate, and entrepreneurial, with a team that includes leaders from Uber, Shopify, Top Hat, Ritual, Ada, and more.

At Float, everyone is an owner, bringing their unique perspective to our team and product. Your voice is important, and we take having a culture based on feedback seriously. We openly share our thoughts and differing opinions so we can continue to improve. We do our best to keep our decision-making decentralized so that all team members feel ownership in our success.

Our product

Float is Canada’s first finance platform designed to empower businesses with fast, flexible, and accessible financial solutions. Our integrated suite of products—including corporate cards, bill pay, reimbursements, and financial services—rethinks how companies access capital, streamline spending, and manage growth. Backed by world-class investors like Tiger Global, Golden Ventures, and Susa Ventures, we’re disrupting the global B2B finance space—and we’re looking for bold innovators to help shape the future of business finance.

About the Compliance Manager role

We’re looking for an exceptionally resourceful, innovative, and entrepreneurial Compliance Manager to join Float—a team that’s building the modern financial platform for Canadian businesses. As a Canadian Money Services Business fintech with an exciting growth trajectory, compliance is at the core of what we do, and this role is a unique opportunity to shape how we scale responsibly, efficiently, and sustainably.

In this role, you’ll take ownership of further building and refining Float’s compliance program, blending regulatory rigor with innovative solutions that don’t slow us down. You’ll work across teams to embed compliance into everything we do, showing strong collaboration with the rest of Float and our partners so that compliance is a strategic advantage and source of trust for our customers and company. If you’re energized by the idea of tackling complex regulatory challenges while driving meaningful business impact, this role is for you.

As the Compliance Manager at Float:

  • You’ll work closely with our Senior Director, Risk & Compliance and cross-functional partners to ensure a best-in-class compliance program that is a strategic enabler of growth and innovation.
  • Help enhance the design and implementation of Float’s compliance framework, ensuring we stay ahead of regulatory and compliance requirements while supporting our rapid scaling.
  • Collaborate with Product, Engineering, and Operations to embed seamless compliance processes into our platform, reducing customer friction while maintaining robust controls. 
  • Anticipate and navigate cross-border compliance considerations as Float grows its product and customer footprint.
  • Build and influence a culture of compliance, moving beyond the "checkbox" approach to create a program that accelerates Float’s vision to be the modern financial institution in Canada.

You’ll be great in this role if:

  • You’ve got the experience: To be successful in this role, we’re looking for 4-5 years of risk and compliance experience, ideally within a high growth, fast moving start-up.
  • You have an entrepreneurial mindset: You thrive in a high-growth, fast-paced environment with shifting priorities. You constantly remain proactive in identifying compliance gaps and implementing scalable solutions. You are hungry to apply an  innovative approach to building compliance programs that align with business goals.
  • You have experience with Canadian Anti-Money Laundering regulations: You have a deep understanding of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and FINTRAC requirements with proven experience managing MSB registration and maintaining compliance with reporting obligations.
  • You have startup and scale-up experience: You have a background in building compliance frameworks from the ground up in startup or high-growth environments and experience scaling compliance processes and adapting to rapid customer growth. You have the ability to manage compliance responsibilities with lean teams and limited resources.
  • You possess the technical expertise: You utilize technical data and research to make timely and high quality decisions. You use rigorous logic and methods to solve difficult problems with effective solutions. You do data modeling in your sleep and have deep experience in SQL, Python and/or R. 
  • You have collaborative leadership skills: You possess the strong ability to work cross-functionally with product, engineering, and operations teams. You are comfortable influencing leadership and external stakeholders with a business-oriented compliance perspective.
  • You believe in customer-centric compliance: You cocus on minimizing customer friction while maintaining robust compliance and have the ability to contribute to product design with compliance-friendly workflows.

This role won’t be a fit if:

  • You are not a self-starter and do not like to work independently
  • You do not like to work asynchronously
  • You aren’t adaptable and don’t enjoy navigating ambiguity or tackling problems without clear-cut solutions.
  • You have a “box-checking” approach – vs. a partnership-oriented, ownership mentality.
  • You don’t like regular feedback on your work
  • You aren’t obsessed with your craft
  • You aren't a team player
  • You aren't resilient
  • You aren't comfortable prioritizing your own to-do list

Don’t meet every single requirement?  If you’re excited about this role, and you strongly align with our values but your past experience doesn’t align perfectly, we encourage you to apply anyway. You may be the right candidate for this, or other future positions.

  • Competitive compensation & total rewards
  • Flexible work hours and time off‍ when you need to recharge`
  • Flex, in-office and remote options available, depending on your preference
  • Small team = lots of autonomy to make impactful decisions
  • A personal Float card with a monthly stipend to spend on what matters most to you
  • A dog-friendly office
  • Being able to say you helped build Canada's best corporate card and spend management platform

Average salary estimate

$80000 / YEARLY (est.)
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$70000K
$90000K

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What You Should Know About Compliance Manager, Float Financial Solutions Inc.

At Float, we're on the lookout for a vibrant and innovative Compliance Manager to help us revolutionize finance for Canadian businesses! As part of our fast-growing fintech team, the Compliance Manager will play a pivotal role in refining and expanding our compliance program. This isn't just about following the rules; it’s about embedding compliance in everything we do, ensuring it acts as a strategic advantage rather than a hurdle. In this role, you'll work closely with the Senior Director of Risk & Compliance and collaborative cross-functional partners, driving a culture that not only meets compliance standards but embraces them as part of our company ethos. You’ll be instrumental in enhancing Float's compliance framework, anticipating regulatory changes, and managing compliance across borders as we expand our reach. If you have a flair for identifying compliance gaps and are passionate about proactive, innovative solutions, this is the perfect opportunity for you. With a background of 4-5 years in risk and compliance, especially in high-growth environments, you’ll thrive here if you have hands-on experience with Canadian Anti-Money Laundering regulations and a knack for building compliance frameworks from the ground up. Float offers flexible work arrangements, competitive compensation, and a supportive team culture that values your unique contributions. Come and be a part of something big and help us shape the future of finance in Canada!

Frequently Asked Questions (FAQs) for Compliance Manager Role at Float Financial Solutions Inc.
What are the main responsibilities of the Compliance Manager at Float?

As a Compliance Manager at Float, your key responsibilities will include enhancing the compliance framework, collaborating across teams to integrate compliance into our processes, navigating regulatory requirements, and fostering a culture of compliance. You'll also be tasked with anticipating compliance issues while supporting our growth, making this role critical to our sustainable scaling.

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What qualifications are needed for the Compliance Manager role at Float?

To excel in the Compliance Manager position at Float, candidates should have 4-5 years of experience in risk and compliance, preferably in a startup or high-growth environment. A good grasp of Canadian Anti-Money Laundering regulations, along with proven skills in building compliance frameworks, is essential. Experience with data modeling and tools like SQL, Python, or R is also beneficial.

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How does the Compliance Manager contribute to Float’s mission?

The Compliance Manager at Float plays a vital role in ensuring that our growth aligns with regulatory requirements. This individual will embed compliance into our operations, transforming compliance from burden to a business enabler. By fostering a customer-centric approach and streamlining compliance processes, you’ll help our customers trust our innovations while we focus on growth.

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What type of work environment can a Compliance Manager expect at Float?

Float offers a dynamic and flexible work environment for the Compliance Manager role. With options for in-office, remote, or flexible hours, you’ll thrive in a culture that emphasizes feedback, collaboration, and the autonomy to make impactful decisions while being part of a motivated and driven team.

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What skills are essential for a Compliance Manager at Float?

Essential skills for a Compliance Manager at Float include strong analytical abilities, technical expertise in data modeling, excellent communicator skills for cross-functional collaboration, and the ability to think creatively when addressing compliance challenges. An entrepreneurial mindset and experience in fostering a culture of compliance are also crucial to succeed in this role.

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Common Interview Questions for Compliance Manager
Can you explain your experience with Canadian AML regulations relevant to the Compliance Manager position?

In preparing for an interview, highlight your deep understanding of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the role of FINTRAC. Provide specific examples of how you've navigated these regulations successfully in past roles, demonstrating your practical understanding and experience with AML compliance.

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How have you previously integrated compliance into a company’s product development?

To answer this question, discuss a specific project where you collaborated with product teams to embed compliance processes. Highlight how your proactive approach ensured compliance didn’t hinder progress but instead supported innovation, offering case studies or outcomes that showcase your impact.

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Describe a time when you identified a compliance gap and how you addressed it.

Prepare a narrative that outlines the context of the compliance gap, your analytical process in identifying it, and the innovative solutions you implemented to close the gap. Focus on the positive outcomes that resulted from your initiative, including improvements in compliance adherence or operational efficiency.

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What strategies would you implement to establish a culture of compliance at Float?

You should discuss various strategies such as training programs, cross-departmental workshops, and creating open communication channels about compliance. Emphasize how building relationships and understanding the needs of each team can promote a culture that values compliance as a creative and strategic advantage.

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How do you prioritize your compliance tasks in a fast-paced environment like Float?

Illustrating your prioritization strategy is key here. Highlight using frameworks or tools that help you assess the urgency and importance of compliance tasks. Discussing your approach to remaining adaptable while making sound decisions under tight timelines will showcase your fit for our dynamic culture.

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Can you share an experience where compliance and business objectives aligned effectively?

Use this opportunity to recount a situation where you managed to align a compliance initiative with a business goal. Highlight your creative problem-solving skills and demonstrate how compliance can be an enabler of business success, showing the value of a compliance-focused approach in growing the organization.

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What tools and technologies do you find effective for compliance management?

Talk about specific tools and technologies you are familiar with, such as compliance management software, data analytics tools (like SQL, Python, or R), and how they help streamline compliance processes. Highlight your experience implementing these tools to improve compliance monitoring and reporting.

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How would you handle resistance when implementing a new compliance program?

Addressing resistance requires tact. Speak about the importance of communication, empathy, and involving key stakeholders in the decision-making process. Share how you would conduct training and information sessions to illustrate why compliance processes are valuable and address any concerns proactively.

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What makes you a good fit for the Compliance Manager role at Float?

In your response, focus on your unique combination of compliance experience, startup mindset, analytical skills, and passion for customer-centric compliance. Connect your professional journey and values to Float’s mission and culture, emphasizing how you embody an ownership mentality and believe in collaborative progress.

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How do you keep up with changes in compliance regulations?

Explain your strategies for staying informed about new compliance regulations, such as subscribing to industry newsletters, attending relevant workshops, and engaging in professional networks. Your proactive updates and adaptability demonstrate your commitment to excelling in the ever-evolving compliance landscape.

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Full-time, hybrid
DATE POSTED
January 11, 2025

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