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Fintech Compliance Manager - Pre-paid cards

BOSTON-02118, MA, US
09/15/2020

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Required Skills

writing skills

Company

Infinity Consulting Solutions, Inc

Experience

Job Description

FinTech Compliance Manager – Credit Cards

My client is seeking an experienced FinTech compliance professional to ensure the compliant design and implementation of new financial products and services, including commercial and consumer payment card programs, and to assist with maintaining and enhancing its existing FinTech compliance program.

Responsibilities:

Maintain and evolve a robust compliance program ensuring that the full suite of FinTech products and services complies with all applicable state and federal laws and industry best practices, including by creating new policies and controls as may be needed to govern new financial products and services (prior experience with payment card products is required)

Assist with the design of innovative financial products, including payment card, digital payment, and commercial/consumer credit products, to ensure compliance with applicable laws and regulations, including payment network rules, card association rules, and consumer protection laws

Work closely with Legal Department to provide practical, day-to-day guidance to FinTech business line stakeholders and team members on a wide-range of compliance matters related to payments and financial regulation

Monitor new and evolving regulatory changes that may impact Toast's FinTech business, and assist with operationalizing and implementing compliant solutions

Assist with the design, development, and implementation of required state and federal regulatory disclosures and notices

Design and deliver targeted training programs designed to educate cross-functional teams about regulatory issues, enable teams to promote FinTech products in a compliant manner, and support an enterprise-wide compliance culture

Review multi-channel advertising materials for compliance with federal and state laws and best practices

Analyze operational workflows and processes to identify any potential risks or opportunities to automate the compliance program, and create and implement solutions

Experience Needed

At least 8 years of experience as a FinTech compliance professional with a deep knowledge of payments and card products

Strong knowledge of financial and payments regulation, including card association and payment network rules, prepaid card rules, and laws applicable to acquiring, treasury, payouts, and issuing, commercial and consumer credit, PCI/DSS, BSA/AML, and CFPB regulations

Direct experience with payments industry compliance and product/service features, including various card processing pricing models

Advanced ability in analyzing risk and designing efficient controls to minimize risk

Strong writing skills and the ability to communicate information about complex regulatory issues to stakeholders in a clear and easy to understand way