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.

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