Lead Payments Compliance Analyst

"Are you a highly skilled and detail-oriented professional with a passion for ensuring regulatory compliance? Do you thrive in a fast-paced and dynamic environment? If so, we have an exciting opportunity for you! Discover Financial Services is seeking a Lead Payments Compliance Analyst to join our team. As a leader in the payments industry, we are committed to maintaining the highest standards of compliance and integrity, and we need someone like you to help us achieve this goal. If you have a strong background in payments compliance and a desire to make a meaningful impact, we encourage you to apply for this role. Join us and become an integral part of our mission to provide safe and secure payment solutions to our customers."

1. Develop and maintain a deep understanding of all applicable regulations and laws related to payments compliance in the financial services industry.
2. Monitor and analyze changes in regulatory requirements and communicate potential impacts to the organization.
3. Collaborate with cross-functional teams to ensure compliance with all payment-related laws and regulations, including but not limited to AML, BSA, and PCI.
4. Conduct regular reviews of policies, processes, and procedures to ensure compliance.
5. Identify potential compliance risks and work to mitigate them through implementation of appropriate controls.
6. Lead and coordinate internal and external audits related to payments compliance.
7. Train and educate team members on compliance best practices and ensure a culture of compliance throughout the organization.
8. Serve as a subject matter expert and provide guidance on payments compliance matters to various departments and stakeholders.
9. Develop and maintain relationships with regulatory bodies and serve as the primary point of contact for all compliance-related inquiries.
10. Monitor and report on compliance metrics to senior management and make recommendations for improvement.
11. Stay up-to-date on industry trends and best practices in payments compliance and make recommendations for enhancements to current processes.
12. Lead and manage compliance projects and initiatives, ensuring timely and successful completion.
13. Maintain accurate and detailed records of compliance activities for reporting and audit purposes.
14. Foster a culture of continuous improvement and proactively identify opportunities for process enhancements and efficiencies.
15. Act as a mentor and provide guidance to junior compliance analysts.

According to JobzMall, the average salary range for a Lead Payments Compliance Analyst in Riverwoods, IL 60015, USA is $71,000 to $104,000 per year. This salary range may vary based on factors such as experience, education, and specific job responsibilities. Additionally, factors such as company size and industry may also affect the salary range for this position.

Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.