Payment Compliance Officer

Key Responsibilities:

• Develop, implement, and maintain compliance programs to ensure adherence to regulatory requirements.

• Monitor payment transactions for potential compliance issues and report any suspicious activities.

• Conduct risk assessments and compliance audits, providing recommendations for improvements.

• Develop and maintain a comprehensive merchant risk policy, including evaluating the risk profiles of merchants and implementing mitigation strategies.

• Stay up-to-date with industry regulations and changes in legislation affecting payment compliance.

• Collaborate with internal teams to ensure compliance policies are effectively communicated and understood.

• Provide training and support to staff on compliance matters and best practices.

• Prepare and submit compliance reports to senior management and regulatory authorities as needed.

• Assist in the investigation of compliance breaches and recommend corrective actions.

Qualifications:

• Bachelor’s degree in finance, business, law, or a related field; advanced degree or certification (e.g., CAMS, CRCM) is a plus.

• Minimum 5 years of experience in compliance within the payment processing or financial services industry.

• Strong knowledge of regulatory requirements relevant to payment compliance (e.g., AML, KYC).

• Experience in developing and implementing merchant risk policies is highly desirable.

• Excellent analytical and problem-solving skills.

• Ability to communicate effectively with stakeholders at all levels.

• Strong attention to detail and organizational skills.

• Proficiency in compliance management software and tools is an advantage.

What We Offer:

• Competitive salary and benefits package.

• A collaborative and inclusive work environment.

• Opportunities for professional growth and development.

• The chance to be part of a forward-thinking team dedicated to innovation in payment technology.

Originally posted on Himalayas