Card Scheme Compliance Specialist
Bogota, Colombia
GPO LATAM – GPO LATAM - Legal and Compliance /
Full-time /
Hybrid
About the role
- As a Card Scheme Compliance Specialist you have to ensure compliance with card schemes rules, the acquiring license held and applicable laws in Latam
What you will do
- Ensuring compliance of Company operations in LATAM countries with card scheme rules and applicable laws,
- Monitoring of changes in card scheme rules relating to Company operations and supporting process of implementation required changes in Company product and operations,
- Providing interpretation of card scheme rules in case of doubts or conflicts with other regulations,
- Assessing the potential non-compliance events, in particular potential BRAM/GBPP violations,
- Participating in audits carried out at the Company by card organizations and supervision authorities,
- Maintaining relations with card organizations in relation to compliance related areas,
- Preparing replies to letters lodged through the card organizations, in particular regarding potential BRAM/GBPP violations,
- Expressing opinions on new products and services in respect of Compliance requirements,
- Participating in drafting of agreements for products and services offered by the Company,
- Ensuring that the company’s policies and procedures comply with the relevant card schemes rules and applicable laws,
- Ensuring that company's marketing, advertising, and sales content follows relevant rules and regulations,
- Exercising control over following by Company employees of internal regulations and values applicable at the Company,
- Educating company employees on compliance requirements, particularly in the scope of card scheme rules.
What you need to succeed
- 4 years’ experience in compliance in payment institution or on the similar position related to card scheme compliance and payment schemes (Mastercard and VISA) regulations
- Strong knowledge of the payments industry standards/processes and regulations, especially payment environment and card schemes regulations
- Relationship with card organizations already established
- Proficient English level (mandatory)
