Junior Risk

Are you tired of the way in which payments are managed in Canada? If you answered yes, then we need you on our team The legacy banking and payment system requires all kinds of manual intervention to collect and reconcile payment information, which is inefficient and costly. At Zūm, we are revolutionizing this process.

We have a group of super-smart colleagues who daily create an impact in the Fintech space, work autonomously, collaborate and expand their skill set all while working remotely. If this defines part of what you are hoping to accomplish professionally then read on as Zūm is the place for you.

We're on the lookout for a Junior Risk and Compliance Coordinator who will support the Head of Risk in ensuring that Zūm Rails operates within the regulatory and legal framework applicable to payments and financial services in Canada and the United States. This role is ideal for someone starting their career in risk, fraud, compliance, AML or financial services. The individual will assist with day-to-day operational tasks, monitoring activities, data reviews, and administrative support across the Risk & Compliance function.

Does this sound interesting? Read on

Major Responsibilities:

• Assist the Head of Risk with day-to-day activities including account underwriting reviews, limit increase requests, and transaction monitoring tasks.
• Prepare and maintain routine reports, logs, and any documentation required to support risk and compliance workflows.
• Conduct basic reviews to ensure information is complete, accurate, and aligned with internal guidelines.
• Support our BaaS ( Banking as a Service) projects as we continue to scale and grow our offering in card issuance.
• Support initial screenings of merchant applications by collecting and reviewing financial documents, business information, and required compliance materials.
• Conduct light spot-checking of underwriting files under the Manager's supervision.
• Assist with ongoing monitoring of active clients and support remediation activities when necessary.
• Help track and organize regulatory updates, compliance notices, and industry requirements, ensuring key information is documented and communicated internally.
• Support the preparation of materials for internal and external audits.
• Assist with maintaining compliance records, procedures, and supporting documentation.
• Support the Transaction Monitoring Specialist as needed to Identify and flag unusual or suspicious activities during routine monitoring.
• Escalate any potential risks, inconsistencies, or missing information to the Head of Risk promptly.
• Support the creation and distribution of weekly and monthly reports related to underwriting, transaction monitoring, quality checks, and other compliance indicators.
• Maintain organized, accurate files and documentation to ensure audit readiness.
• Support process improvement initiatives across the department, including updating procedures, templates, and checklists.
• Participate in cross-functional projects that improve risk and compliance workflows.
• Assist with the preparation of training materials, presentations, and awareness resources for internal stakeholders.
• Help respond to basic inquiries from internal teams regarding risk and compliance processes.
• Provide administrative and coordination support to the Head of Risk.
• Support vendor research, documentation gathering, and internal data requests.
• Review all prepaid and secure card applications, meticulously verifying identity documents to ensure compliance with KYC/AML regulations. This includes cross-referencing ID information, scrutinizing documents for fraud, and authenticating all required applicant details before final approval or denial.
• Other duties may be assigned upon continuous review of role and business needs.

EXPERIENCE

• Completion of a post-secondary program in Risk Management, Financial Services, Business Administration, Accounting, Finance, Compliance, or a related field from a recognized college or university.
• Programs in financial services compliance, risk management, or financial services administration are considered strong assets.
• Equivalent combinations of education and relevant coursework will also be considered.

SKILLS & ABILITIES

• Strong attention to detail and accuracy in all tasks.
• Excellent written and verbal communication skills.
• Strong organizational skills with the ability to manage multiple priorities.
• Comfort with learning and using new systems, tools, and workflows.
• Ability to work both independently and collaboratively within a team.
• High degree of professionalism, confidentiality, and integrity.
• Strong analytical thinking and willingness to learn financial and compliance concepts.

Nice to Have

• Familiarity with payments, financial services, fraud, or compliance topics.
• Experience reviewing or interpreting documents, financial data, or business information (school projects, internships, or volunteer experience count).

If you are passionate about technology, customer success, and collaboration, apply now to become an integral part of our innovative team. Here at Zūm Rails we focus on payments and innovating new ways in making traditional old financial service methods more efficient and customer centric. Zūm Rails has a small rapidly growing team of 40 employees who are fully remote and based in Canada and the United States. We are not only passionate about fintech, but we're also passionate about the growth and development of our people. We know that our overall success is a combined effort, and we therefore strive to provide opportunities for our employees to learn, grow and succeed.

Salary range for this role: $45,000-$58,000 CAD per year based on experience. Zūm Rails is an equal opportunity employer and we welcome inquiries from all qualified applicants from Canada.

Please note that only candidates selected for an interview will be contacted.

Zūm Rails is an equal opportunity employer. We welcome inquiries from all qualified applicants. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Job Type: Full-time

Pay: $45,000.00-$58,000.00 per year

Benefits:

• Dental care
• Employee assistance program
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision care
• Work from home

Application question(s):

• Have you completed or are about to complete a post-secondary program in Risk Management, Financial Services, Business Administration, Accounting, Finance, Compliance, or a related field from a recognized college or university?

Work Location: Remote