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Card Scheme Compliance Specialist

--Kathmandu--

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We are looking for a Card Scheme Compliance Specialist to join our team. In this role, you’ll be responsible for making sure we’re always up to date with the latest card scheme requirements and regulations. You’ll help translate these into practical processes for the business and ensure everything we do is compliant with the rules set by major card schemes like Visa and Mastercard.

What You’ll Be Doing

  • Interpreting Regulatory Changes: Keeping an eye on updates from the major card schemes and turning them into clear, actionable procedures for the team.
  • Managing Scheme Mandates: Tracking new mandates, deadlines, and compliance changes from the card schemes and making sure we implement them correctly and on time.
  • Collaborating Across Teams: You’ll work closely with teams across the business – from operations and IT to legal and risk – to ensure everyone’s aligned on card scheme rules and compliance requirements.
  • Understanding Payment Flows: A good grasp of acquiring flows, merchant onboarding, transaction routing, and risk management will help you ensure we meet the standards set by the card schemes.
  • Providing Expert Advice: Offering guidance to teams across the business on scheme regulations and best practices, ensuring we stay compliant and ahead of the curve.
  • Keeping Records and Audits: You’ll maintain accurate records of all compliance activities, audits, and reporting related to the schemes.
  • Reporting on Compliance: Preparing regular updates on our compliance status and any potential risks or changes that may affect the business.
  • Training the Team: Helping others stay up to speed by developing training materials and sessions on card scheme compliance requirements.
  • Improving Processes: Always looking for ways to improve compliance practices, whether through better tools, more efficient procedures, or staying on top of industry changes. 

What We’re Looking For

Experience:

    • You’ll have experience working with Visa, Mastercard, or other card schemes, ideally in a compliance or regulatory role.
    • A good understanding of payment systems, including acquiring flows, merchant onboarding, transaction routing, and risk management.
    • Expertise in ISO 8583 and ISO 20022 standards is key.

Knowledge:

    • A solid understanding of card scheme regulations and the wider payment industry landscape.
    • Awareness of emerging payment technologies like digital wallets, EMV, and 3D Secure would be an advantage.
    • Keeping up with global regulatory trends is also important, so you can anticipate and manage upcoming changes.

Skills:

    • Strong analytical skills with a keen eye for detail.
    • The ability to explain complex regulatory requirements clearly, even to those without a technical background.
    • You’ll be comfortable working to deadlines and managing multiple tasks at once.
    • A proactive approach to problem-solving, with the ability to work independently.
    • Strong communication skills and a collaborative mindset, as you’ll be working with a variety of teams.
    • Advanced skills in Microsoft Office, particularly Excel and PowerPoint.
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