JOB SUMMARY:

• The role holder will be in charge of managing risks across the card payments value chain and managing payments credit risks.
• The role holder should have experience in a card payments environment preferably having dealt with card schemes and regulators.
• The role holder will own card business risk and payments credit risk and will be accountable for these risks to senior management.

CORE RESPONSIBILITIES:

Card Business Risk

• Periodic Review of and reporting on existing merchants to ensure compliance with card scheme rules and regulations
• Review of all merchants to ensure compliance to card scheme requirements
• Analysis of chargeback exposure and merchant settlement timing
• Own the identification and closure of all risks associated with card acquiring
• Ensure compliance of Cellulant’s card business to card scheme rules and applicable regulations
• Be the central point of contact for all card scheme rules and regulations
• Track any changes to e-commerce card acquiring rules & regulations and circulate internally for closure
• Own the implementation of card Compliance Management Program
• As part of the product development for all products that touch on card acquiring, you will ensure all risks have been adequately addressed
• Partner with cross-functional teams to design and implement mitigative controls on the identified risks

Payments Credit Risk

• Identify possible credit risks that clients’ payment or settlement terms may pose to Cellulant while providing recommendations and escalations to mitigate such risks
• Own the roadmap for identification, assessment and applying controls of credit risks from merchants’ , partners’ or counterparties’ payment, settlement or payout terms
• Design and cascade governance policy and process around the control of credit risks from merchants’ or partners’ payment, settlement or payout terms and other products or applicable areas . Partner with cross-functional teams to design and implement mitigative controls on the identified risks
• Assess the overall credit risk standing of Cellulant and its counterparties by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
• Design credit risk concentration indicators and default indicators by counterparties in accounts receivables. Ensure periodic review of these indicators to senior management.
• Develop and implement risk management strategies to minimize losses due to credit defaults
• Monitor key credit risk indicators and provide insights to senior management
• Conduct regular reviews of credit policies and procedures to ensure compliance with regulatory requirements
• Provide recommendations for process improvements and efficiency gains

Internal Control

• Conduct research to assess business risks and liaise with the various Groups to identify potential risks and create controls to mitigate them
• Ensure effective and optimal internal controls are embedded across the enterprise.
• Review of Controls in Systems, Processes and the Environment
• Control Design and Testing Techniques
• Control Monitoring and Maintenance
• Product/Service Knowledge and Assessment/Review

QUALIFICATIONS & EXPERIENCE:

Must Have Experience:

• Demonstrable in depth knowledge of credit and liquidity risks in the Commercial Payments business
• Demonstrable in depth knowledge of ecommerce card transactions and Visa/Mastercard scheme rules and applicable regulations strongly preferred
• Experience with online/card not present merchants in electronic/digital commerce channels
• Ability to work with and influence senior management regarding risk and compliance issues
• Process orientation with a desire to improve processes and drive efficiencies
• Strong conceptual and quantitative problem-solving skills
• Ability to work across business lines to drive business decisions.
• Experience with managing card payments risk
• Experience in a payments environment preferably PSP or bank acquiring
• Risk management and internal controls
• Internal Control frameworks and standards

Nice To Have Experience:

• Experience in Group function, shared services, cross border transactions, fraud risk, investigations

Qualifications:

• A bachelor’s degree in finance, business administration, accounting, information technology or any other relevant field.
• A Masters Degree or certifications in Risk Management and Internal Controls is an advantage.

Skills:

• Report Preparation
• Product Risk Analysis
• Credit Risk Analysis
• Card Payments
• Internal Controls
• Good understanding of business
• Presentation skills