Card Scheme Compliance Specialist

Wise Australia Investments; Singapore; On-site; SGD 60,000 - 85,000; Full time

Job summary

A global technology company is looking for a Scheme Compliance Specialist based in Singapore. This role involves managing compliance regarding card products, advising product teams on scheme requirements, and engaging with regulatory bodies. Ideal candidates will have 3-4 years of experience in payments compliance and knowledge of card payment systems, with excellent communication and project management skills. The company values diversity and aims to create an inclusive environment for all employees.

Qualifications

• 3-4 years of compliance experience in payments, preferably in regulatory compliance.
• Experience working with card payments or international schemes.
• Strong ability to communicate with regulatory bodies and stakeholders.

Responsibilities

• Keep abreast of scheme requirements and advise product stakeholders.
• Translate scheme rules into understandable requirements.
• Maintain compliance registry to ensure products meet scheme rules.
• Empower teams with tools and knowledge through training sessions.
• Manage engagements with schemes to protect company interests.
• Support product requirements to ensure compliance with changes.
• Identify and manage financial risks related to compliance.
• Develop and execute compliance testing and reporting.

Skills

Project Management

Critical Thinking and Problem-Solving

Understanding of Card Payment Systems

Mandates Interpretation

Attention to Detail

Communication Skills

Stakeholder Management

Continuous Improvement

Education

3-4 years of compliance experience in payments

Experience in card payments

Job description

Wise is a global technology company, building the best way to move and manage the world’s money.
Min fees. Max ease. Full speed.

Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their lives easier and save them money.

As part of our team, you will be helping us create an entirely new network for the world's money.
For everyone, everywhere.

Job Description

This role is based out of Singapore and has the unique opportunity to have a direct impact on Wise’s card product and our cardholders, globally.

As our Scheme Compliance Specialist, you will be expected to:

• Keep abreast of scheme requirements and changes impacting us, and advise the product stakeholders accordingly
• Translating scheme rules for Product, Engineering, Operational and Business teams into understandable requirements
• Maintaining compliance registry/matrix to ensure Wise products are compliant with Scheme rules as well as horizon scanning and planning for upcoming mandates.
• Empowering teams with tools and knowledge through collaboration and training sessions to ensure compliance is a key part of the product development and maintenance processes.
• Lead and manage engagements with the schemes in a manner that safeguards and advances the company’s core interests.
• Support product on requirements and scope of change, in order to comply with relevant requirements in the context of issues and problems that are raised during normal business activities
• Work hand in hand with product stakeholders to identify and manage any financial risk including managing extensions or waivers.
• Develop, implement, and execute compliance testing/monitoring, continuous assurance, and reporting

Key Skills required to succeed:

• Project Management: Experience in managing project-based initiatives, which includes prioritisation of tasks and impact analysis.
• Critical Thinking and Problem-Solving: Capability to independently investigate transaction processing behaviors and identify areas for improvement.
• Understanding of Card Payment Systems: Deep knowledge of the card payment landscape, including Visa and Mastercard regulations.
• Mandates Interpretation: Ability to interpret and translate scheme rules for Product, Engineering, Operations, and Business teams, into actionable insights.
• Attention to Detail: Ensuring accuracy in monitoring and building health and compliance metrics.
• Communication Skills: Strong ability to communicate effectively with card product stakeholders and scheme partners to provide support and insights.
• Stakeholder Management: Ability to work collaboratively with various stakeholders to support product improvements.
• Continuous Improvemen”t: Ability to collaborate with cross-functional teams to implement improvements based on findings, and contribute to the development of best practices and standard operating procedures.

Qualifications

• 3-4 years of compliance experience in payments (background in regulatory compliance/core compliance)
• Experience in card payments (issuer/acquirer/merchant or international scheme)
• Experience collaborating and liaising with regulatory bodies/international schemes/partnerships in a complex and fast environments

Preferred Qualifications:

• Experience in the financial services industry.
• Knowledge of payment processing systems and technologies.
• Certification in data analysis or related fields.

Additional Information

For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.

We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.

If you want to find out more about what it's like to work at Wise visit Wise.Jobs.

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