Head of Compliance and Risk Job ID: 206

Job Details:
 A global payment service provider currently supporting over 5,000 online businesses in 180 countries in multiple languages, currencies, payment methods and devices through a comprehensive global buying platform is establishing EU operations in Malta, getting licensed by the MFSA, and is seeking to recruit a Head of Compliance and Risk.
 
The successful candidate will have experience in the e-commerce space, specifically card payments, and will be working with the company sales teams taking responsibility for the on boarding of merchants, including risk evaluation, and on going compliance with company and regulatory requirements. 

Key responsibilities to include:
  • Take responsibility for the merchant on boarding KYC requirements
  • Work with company sales team in designing the on boarding processes to ensure a streamlined on boarding process
  • Communicate with potential clients to advise and recommend any changes required, such as T&C’s, product offering, etc, to align with company and partner bank policies.
  • Manage compliance relationships with various regulators and other authorities including the MFSA
  • Design and Implementation of all AML policies and procedures
  • Manage daily procedures for various activities including due diligence, sanction & PEP matches, customer complaints, etc
  • Maintain up to date knowledge of relevant jurisdictions and memberships to ensure ongoing compliance
  • Complete and submit any mandatory compliance reporting requirements to 3rd parties
  • Assess the implementation of all the above functions as part of an internal compliance audit for annual review for the Board and the MFSA
  • Maintain risk models and scorecards to ensure policies and procedures are implemented effectively
  • Provide support in the application for licenses and memberships in future - including Safe Harbour, PCI DSS, etc
  • Provide guidance on internal AML training and support for business partners and merchants
·         Responsible for analyzing risk of the merchant portfolio
·         Development of reporting to track the performance of risk management policies and strategies and make appropriate adjustments
·         Knowledge of AML, KYC, PSD, PCI, OFAC, MC/Visa compliance and equivalents in all relevant Domestic and International markets 
·         Review business model and processing characteristics for existing merchants to ensure and report on compliance with Payment Industry Brand rules and regulations.
·         Design Credit Underwriting and Risk criteria for various programs
·         Assist in the analysis of emerging Chargeback exposure and Merchant Funding and remediation plans.
 
 
 
 
 
The ideal candidate should:
  • Have thorough knowledge of eCommerce and extensive experience working with merchants.  
·         Have 4+ years of  Risk Management in a Merchant Acquiring, Issuing, eCommerce payments or Financial Services industry
·         Have extensive experience of evaluating merchant applications and be knowledgeable in the tools and processes available to perform merchant on-boarding KYC
·         Be intuitive in reviewing merchant applications
·         Be well versed on AML / Compliance and Payment Card Industry (PCI) standards, payment card networks regulations, etc.
·         Have Strong knowledge of quantitative risk management techniques, applications, and systems
·         Have proven experience working at a management level in various roles within the online risk fraud and payments space is essential
·         Be persistent and results focused – must be able to deliver results
 
An attractive remuneration package commensurate with qualifications, experience and personal attributes will be offered. 

Country: Malta
Region: Any Region
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