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