Payments QA and Compliance Professional

PSECU Pennsylvania State Employees Credit Union; Pennsylvania; Hybrid; USD 65,000 - 90,000; Full time

Job summary

The Payments QA and Compliance Professional at the Pennsylvania State Employees Credit Union (PSECU) plays a pivotal role in ensuring consistency in service, procedures, policy and guidelines that comply with industry standards and regulatory requirements across critical products and services within the Payment Operations Department.

This hybrid role requires a Bachelor’s degree and offers a Monday–Friday schedule with 40% on-site work minimum, focusing on NACHA, BSA, AML and related compliance

Qualifications

• Bachelor's degree required; business admin/management focus preferred.
• Experience with regulatory compliance in payments is expected.

Responsibilities

• Ensure adherence to NACHA Operating Rules, BSA and AML regulations.
• Monitor regulatory compliance and risk in payment processes.
• Assist in creating and updating compliance policies and procedures.
• Evaluate business data and processes against industry standards.
• Oversee quality assurance of member interactions and processes.
• Provide staff training on NACHA compliance and payment practices.
• Monitor transactions for compliance with rules and regulations.

Skills

Regulatory compliance

Risk monitoring

Policy development

Business analysis

Quality assurance

Training

Education

Bachelor's degree

BS: Business Administration/Management

Job description

Members Achieve More isn't just a tagline for us, it's part of everything we do! We're looking for passionate individuals to join our team to help us maintain that focus every day. Want to work somewhere that's remained strong for 90 years, that encourages you to learn, grow, and pursue your dreams? If yes, then read on...

As the Payments QA and Compliance Professional at the Pennsylvania State Employees Credit Union (PSECU), you hold a pivotal role in ensuring consistency in service, procedures, policy and guidelines that comply with industry standards and regulatory requirements across critical products and services within the Payment Operations Department.

Schedule: Monday - Friday, 8:00am - 4:00pm or 9:00am -5:00pm.

This position will be a hybrid model both in person and remote with minimum of onsite expectation of 40% or as needed.

Regulatory Compliance

Ensure adherence to NACHA Operating Rules, which govern the ACH (Automated Clearing House) network, as well as other relevant regulations like the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws.

Risk Monitoring

Your leadership directly impacts PSECU's business as you monitor regulatory compliance and risk within your purview. Participate and provide documentation for risk assessments to identify compliance vulnerabilities in payment processes and develop strategies to mitigate these risks.

Policy Development

Assist in creating and updating compliance policies and procedures specifically related to regulatory requirements.

Business Analysis

Evaluate PSECU business data and processes with industry standards and best practices for operational efficiencies throughout Payment & Operations. Provide input into business requirements for the design of solutions.

Quality Assurance

Member interactions, processes and data monitoring to ensure compliance with policies, regulations and member service.

Training and Support

Provide training to staff on NACHA compliance requirements, best practices in payment processing, and the implications of non-compliance.

Monitoring and Reporting

Monitor transactions and processes for member service and adherence to rules and regulations.

Qualifications

Bachelors (Required), BS: Business Administration/Management Any equivalent combination of experience and education.

In 1934, 22 ordinary people pooled $90 of their own money and formed PSECU, a not-for-profit credit union, to provide a better life for themselves and their families. Since then, PSECU has grown to over $8 billion in assets, more than 590,000 members, and approximately 850 employees. We’ve been recognized by several organizations for our high-quality, low-cost financial products and services, positive member experience, and commitment to helping our Members Achieve More.