Card Scheme Compliance Analyst

Reference VAC-7491
Sector Business Operations, Card payment schemes/systems, Commercial cards
Salary, Benefits & OTE Dependent on experience
Town/City London
Locations UK, London
Job Type Permanent
Date Posted 25th May

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Job Description

Card scheme compliance
Scope of the position
Analyzing, implementing and administering all aspects of the international Card Organizations (ICO) information and direction.
Reviewing updates from ICO and directing internal departments on implementation strategies to maximize opportunities and minimize risk.
Planning, organizong, and controling the strategic and tactical card scheme activities, collaborating with Senior Management in the overall administration of these directives for the company.
Advising the Board of Directors, Senior Management and personnel of emerging opportunities and/or compliance issues, and consulting and guiding the company in the establishment of controls to mitigate risks.
Key Responsibilities
Card Scheme mandates, compliance activities and opportunities
Monitor the Card Scheme requirements around mandated reporting, and update and build processes to ensure 100% compliance with deadlines and submissions.
Monitor and implement sound processes for the introduction of new products or features.
Lead the dissemination of information to the appropriate internal teams to support the implementation of new requirements in a timely manner.
Distill the useful information to the teams to allow them to focus on the actions and activities.
Identify opportunities not yet exploited by the business, including ICA/BIN structure revision, scheme cost savings opportunities, application for development/marketing subsidies.
Interact with internal groups and senior management on the findings from the card scheme output.
Lead communication with the International Card Schemes in relation to the updates and opportunities, as well as projects’ documentation completion as per ICOs requirements, after gathering pertinent information from Euronet departments.
Develop detailed internal documents highlighting the key focus areas, impacts and opportunities.
Work with internal security teams to appreciate the changes around PCI/DSS elements between Euronet 360 and BIN Sponsor clients.
Demonstrate appreciation for the tasks required for business expansion into new territories – for example; business case submissions, regulatory documentation needs.
Working knowledge of Card Scheme tools (Connect and VOL for example).
Assist compliance colleagues around Supervision of company’s program in compliance with UK and EU Regulations: 3rd EU Directive, E-Money Directive, Know Your Customer, Sanction List regulations, and other Anti-Money Laundering statutes.
Display leadership on card scheme compliance activities around KYC, product features, card constructs and share pertinent points with others.
Ensure rules and regulations on DCC and other key industry initiatives are known, and processes to ensure compliance are in place and followed.
Implementation of company’s compliance policies and internal procedures.
Prepare for regulatory examinations; participate in various committees and audits.
Implement and review payment forms’ structure and content.
Administrative Procedures
Initiation, monitoring, termination and drafting of legal documents regarding Administrative, Police and Judicial procedures initiated “ex oficio” or at request of the party: licenses, seizures, taxes, FCA, ICO, Police and Judicial summons and others.
General Requirements
Bachelor’s Degree in Law (preferably), Economics or equivalent.
Training in Card Scheme procedures, and terminology.
At least 5 years working experience, out of which 2-3 years preferably in compliance within a financial environment.
Knowledge or high capacity to understand and apply the various legal systems applicable.
Strong team player with excellent communications skills.
Confident with the ability to use initiative and work with minimal supervision.
Strong and effective communication skills: ability to communicate easily and in an open and clear way with a large variety of professionals from different countries.
Used to working to deadlines at times under pressure: ability to set up new activities, tackling issues quickly and efficiently.
Able to give a service oriented towards business.
Analytical skills.
Honest, diplomatic and pro-active.

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