What are the responsibilities and job description for the Risk Compliance Manager position at Storm2?
Job Title: Risk and Compliance Manager
Location: Orange County, CA [On-Site]
Compensation: 90 - 120K
Overview:
Our client, a leading payments company, is seeking a highly skilled Risk and Compliance Manager to join their team. In this role, you will be responsible for evaluating and preparing complex merchant applications for processing and ensuring the protection of company assets by managing data accuracy, documentation, and transactions for the entire merchant portfolio. As the Risk and Compliance Manager, you will lead a team of risk analysts and specialists, reviewing, managing, and improving risk and compliance processes.
Key Responsibilities:
• Manage Risk, Loss Prevention, High Risk, and Collections for the company.
• Develop, document, and implement fraud screening systems and policies, managing alert systems for all portfolios.
• Monitor emerging payment system security trends, collaborate with industry leaders, and implement appropriate controls.
• Coordinate fraud investigations with law enforcement, manage dispute claims, and chargebacks, liaising with Visa, MasterCard, and other industry organizations.
• Work closely with the Executive Leadership Team to understand and achieve business goals, while implementing processes to mitigate losses.
• Manage staffing and operations of the department, including hiring, training, directing work, appraising performance, mentoring, and resolving issues.
• Ensure compliance with regulations related to card portfolios, minimizing reputational risks through industry best practices, and serve as Compliance Officer.
• Act as AML and KYC liaison, maintaining company certifications.
• Safeguard corporate and customer assets, protect consumer confidence, and maintain the reputation of the business.
• Interpret regulatory authorities' rules and regulations and integrate them into workflows.
Qualifications:
• Previous experience in merchant processing, payment processing, or a related financial services field.
• Ability to detect and report fraud trends, and continuously improve fraud detection, prevention, and avoidance.
• High level of integrity and excellent judgment regarding private/sensitive matters.
• Strong knowledge of card payment systems, including authorization, clearing, and settlement.
• In-depth understanding of card data security trends, standards, and processing regulations.
• Excellent leadership skills with the ability to manage, motivate, and mentor staff.
• Comprehensive understanding of industry regulations and compliance requirements.
• Exceptional attention to detail and analytical skills.
• Strong communication skills (both written and verbal).
• Bachelor’s degree in finance, business, or a related field (or equivalent experience).
• Minimum 5 years of direct acquiring experience with a proven track record of success.
