Payment Scheme FPS CHAPS Assurance Executive
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Salary Not Disclosed
1 Vacancy
Job Description
Our client is a high growth challenger bank. The role is to ensure that the banks operational and technical processes align with scheme requirements regulatory standards and industry best practices. This will involve:
- Scheme Compliance: Conduct thorough assessments based on scheme requirements to verify that the banks operations meet the specified criteria ensuring compliance with industry standards and regulatory guidelines.
- Regulatory Adherence: Continuously monitor and verify that the banks processing activities adhere to relevant regulatory requirements. Promptly address any noncompliance issues and collaborate with internal teams to implement corrective actions.
- Continuous Improvement: Actively contribute to the banks efforts to enhance operational efficiency and scheme compliance. Identify areas for improvement in processes procedures and systems and work towards their implementation.
- Scheme Expertise: Develop a deep understanding of the Faster Payments Service (FPS) and CHAPS scheme operational and technical requirements. Provide guidance and training to internal teams to ensure comprehensive compliance with these schemes.
- Documentation and Reporting: Maintain detailed records of compliance assessments findings and action plans. Prepare reports and documentation for internal and external audits to ensure transparency and accountability.
- Collaboration: Collaborate closely with crossfunctional teams including IT operations risk management and compliance to facilitate a unified approach to scheme assurance and compliance fostering effective teamwork and communication.
- Scheme Changes: Stay updated with any changes or updates to scheme requirements and ensure that the banks operational processes are adjusted promptly to remain compliant.
- Risk Mitigation: Identify and assess potential risks related to scheme compliance and work proactively to mitigate these risks safeguarding the banks reputation and customer satisfaction.
Requirements
Your background is likely to be:
- Minimum 23 years experience within a scheme assurance compliance or a related role within the financial industry./ banking
- Strong understanding of payment schemes with a focus on FPS and CHAPS.
- Excellent attention to detail and analytical skills.
- Effective communication and interpersonal skills to work collaboratively with crossfunctional teams.
- Ability to interpret and apply complex regulatory requirements.
- Strong organizational and documentation skills.
- Commitment to continuous improvement and staying up to date with industry changes.
Employment Type
Full Time
