Scheme Compliance Manager

Job offer

A Scheme Compliance Manager ensures the organization adheres to the rules and regulations of payment card schemes and other relevant payment networks.

This role is for a BIN Sponsor that maintains different card products across various regions for a diverse clientele of fintechs. The manager will monitor and maintain an overview of all announcements and mandates from card schemes related to the company's Issuing as a Service Solution. This position is crucial for preventing financial losses, avoiding fines, and maintaining the organization's ability to process card payments.

Responsibilities

• Serve as the overall owner of the card scheme compliance for the GP Issuing Business and the associated risks.
• Oversee a process to ensure the issuing business and its customers are fully informed of any scheme and mandatory changes, and assign a business owner to ensure compliance is achieved.
• Select proper card products tailored to the specific business needs of fintech clients.
• Execute activities related to the setup of BINs, Card Types, and Card/Token-related projects with card associations.
• Download and analyze weekly Card Scheme publications to determine their impact on the Issuing business.
• Translate technical requirements into understandable terms, adding context and value for different audiences.
• Create and update policies and procedures, design control systems, and establish monitoring frameworks to ensure adherence to regulations and standards.
• Identify potential compliance risks associated with schemes, evaluate their impact, and develop mitigation strategies.
• Conduct regular audits and assessments to verify compliance, investigate potential violations, and ensure corrective actions are implemented.
• Maintain accurate records of compliance activities and prepare reports for management.
• Act as the point of escalation for any Payment Brand related queries, including rules and product development.
• Support business units in ensuring that system, product, or process changes adhere to mandatory Payment Brand rules.
• Continuously monitor for changes in relevant laws, regulations, and industry standards and assess their impact.
• Regularly communicate with key internal stakeholders to understand scheme requirements for new and existing products, services, and technical changes, and support their implementation.
• Represent the company with Card Schemes and the wider payment industry to foster effective working relationships.
• Develop and manage the scheme compliance monitoring plan.

Knowledge and Skill Required

• Good knowledge of relevant laws, rules, and regulations appropriate to the card issuing business.
• Knowledge and experience of regulatory requirements related to payment services.
• Thorough knowledge of existing policies and their business relevance.
• Excellent written and verbal communication skills.
• Strong analytical thinking.
• Sound judgment and decision-making aligned with the company's strategic direction while maintaining a focus on compliance.
• Ability to build and maintain positive working relationships.
• Demonstrated high standards of personal integrity and ethical behavior.
• Proven ability to lead, manage, and motivate staff.

Experience

• 3+ years of compliance experience, ideally in the payments sector.

Education
University degree.

What we prepared for you:

A wide range of corporate benefits:

• annual bonus
• 5 weeks of holiday
• 5 additional days off, meal tickets - fully paid by the employer (123,-CZK/per worked day)
• Benefit Plus package in the amount of CZK 18,000 per year / possibility to use for health, relaxation, education or vacation /
• pension insurance contribution /2,500 CZK monthly/
• home office and flexible working time
• Soulmio – a mental health care programme
• uLékaře – a health care support)