Scheme Compliance Officer
Are you passionate about ensuring that companies are following ethical and legal standards? Are you detail-oriented and analytical with a strong understanding of regulatory compliance? If so, Mastercard is seeking a Scheme Compliance Officer to join our team. In this role, you will play a crucial part in safeguarding our business and protecting our customers by ensuring that all members of our payment network comply with industry regulations. We are looking for a driven individual with a keen eye for detail and a proactive mindset. If this sounds like you, we encourage you to apply and become a part of our dynamic and innovative company.
- Develop and implement compliance policies and procedures to ensure adherence to industry regulations and standards.
- Monitor and assess the compliance of member companies within the payment network.
- Conduct thorough investigations and audits to identify any potential compliance issues.
- Stay updated on changes in regulatory requirements and communicate them to relevant stakeholders.
- Collaborate with internal teams and external partners to address any compliance concerns and develop solutions.
- Provide training and guidance to employees and member companies on compliance policies and procedures.
- Maintain accurate and organized records of compliance activities and reports.
- Identify and report any potential risks or violations to senior management.
- Conduct regular reviews and assessments of compliance programs to ensure effectiveness.
- Develop and maintain relationships with regulatory agencies and industry bodies.
- Communicate and enforce consequences for non-compliance with regulatory standards.
- Stay informed about industry trends and best practices related to compliance.
- Prepare and present compliance reports to senior management and relevant stakeholders.
- Continuously review and improve compliance processes and procedures.
- Serve as the main point of contact for compliance inquiries and concerns from internal and external stakeholders.
Knowledge Of Regulatory Framework: A Scheme Compliance Officer At Mastercard Should Possess A Comprehensive Understanding Of The Regulatory Framework Governing The Payments Industry, Including Laws, Regulations, And Guidelines Set By Various Regulatory Bodies Such As The Federal Reserve, Consumer Financial Protection Bureau, And The Office Of The Comptroller Of The Currency.
Experience In Compliance Management: The Ideal Candidate For This Role Should Have A Minimum Of 3-5 Years Of Experience In Compliance Management Within The Payments Industry. This Includes Experience In Developing And Implementing Compliance Policies And Procedures, Conducting Compliance Risk Assessments, And Overseeing Compliance Audits.
Understanding Of Card Scheme Rules: Mastercard Operates As A Card Scheme, And Therefore, The Scheme Compliance Officer Should Have A Thorough Understanding Of The Mastercard Rules And Regulations. This Includes Knowledge Of The Various Card Programs, Rules For Issuing And Acquiring Banks, And Compliance Requirements For Merchants.
Strong Analytical And Problem-Solving Skills: This Role Requires A Candidate With Strong Analytical And Problem-Solving Skills To Identify Potential Compliance Risks And Develop Effective Solutions To Mitigate Them. The Candidate Should Also Be Able To Analyze Complex Data And Make Sound Decisions Based On Regulatory Requirements.
Communication And Collaboration Skills: A Scheme Compliance Officer At Mastercard Should Possess Excellent Communication And Collaboration Skills To Work Effectively With Various Stakeholders, Including Internal Teams, External Partners, And Regulatory Bodies. This Role Also Requires The Ability To Effectively Communicate Compliance Requirements And Updates To Different Levels Of The Organization.
Data Analysis
Communication
Attention to detail
Auditing
Compliance Management
Risk assessment
Teamwork
Investigative skills
Fraud prevention
Problem-Solving
Regulatory Knowledge
Negot
Communication
Conflict Resolution
Leadership
Time management
creativity
Teamwork
Active Listening
Adaptability
Problem-Solving
Empathy
According to JobzMall, the average salary range for a Scheme Compliance Officer in Pune, Maharashtra, India is approximately Rs. 4,00,000 to Rs. 6,00,000 per year. This can vary depending on factors such as the specific industry, company size, and level of experience. Additionally, bonuses and other benefits may also be included in the overall compensation package for this role.
Apply with Video Cover Letter Add a warm greeting to your application and stand out!
Mastercard is a leader in global payments and a technology company that connects billions of consumers, thousand of financial institutions, and millions of merchants, as well as governments and businesses around the world.
Get interviewed today!
JobzMall is the world‘ s largest video talent marketplace.It‘s ultrafast, fun, and human.
Get Started