Senior Third-Party Payments Risk & Compliance Lead

Meridian Bank; Malvern (Chester County); On-site; USD 120,000 - 150,000; Full time

Job summary

Meridian Bank seeks a Third-Party Payments Compliance & BSA/AML Payments Oversight Officer to provide independent second-line oversight across payment processors, merchant acquiring, and embedded payments programs. You will collaborate with business, operations, compliance, risk, and audit teams to strengthen governance, monitoring, escalation, and reporting.

Knowledge of BSA/AML, OFAC, due diligence, and regulatory expectations is essential.

Qualifications

• Bachelor’s degree in business, finance, accounting, criminal justice, risk management, compliance, or related discipline; advanced degree preferred.
• 7+ years of progressively responsible banking compliance, BSA/AML, financial crimes, risk management, payments, merchant acquiring, or third-party oversight experience.
• Experience with third-party payment processors, merchant acquiring, payment facilitators, ACH or card payments, embedded payments, or high-risk programs.
• Strong knowledge of BSA/AML, OFAC, due diligence, enhanced due diligence, sanctions screening, and consumer compliance.
• Experience interacting with regulators, auditors, and governance committees preferred.
• Certifications such as CAMS, CRCM, CAFP, CFCS, CISA or related credentials.
• Ability to work in a team and lead.
• Strong computer and reporting skills with MS Office and risk systems.

Responsibilities

• Provide independent second-line oversight of Third-Party Payments Program and serve as a Compliance/BSA/AML subject matter expert for payment processors, merchant acquiring, payment facilitators, embedded payments providers, card program managers, and related partners.
• Review and challenge business-line risk assessments, onboarding decisions, customer risk ratings, ongoing due diligence, monitoring results, and key risk determinations.
• Evaluate whether first-line controls are appropriately designed, documented, implemented, and operating effectively for higher-risk payments relationships.
• Provide practical, risk-based guidance to help ensure program decisions align with the Bank’s risk appetite, policies, procedures, and regulatory expectations.

Skills

BSA/AML compliance

Third-party payments risk

Regulatory examinations

Risk assessment & monitoring

Communication with senior management

Team leadership

Education

Bachelor’s degree in business/finance/accounting or related

Advanced degree preferred

Tools

Microsoft Office

Job description

Meridian Bank seeks a Third-Party Payments Compliance & BSA/AML Payments Oversight Officer to provide independent second-line oversight across payment processors, merchant acquiring, and embedded payments programs. You will collaborate with business, operations, compliance, risk, and audit teams to strengthen governance, monitoring, escalation, and reporting.

Knowledge of BSA/AML, OFAC, due diligence, and regulatory expectations is essential.