JOB DESCRIPTION

POSITION: VP/AVP of Compliance

SUPERVISOR: Vice President of Compliance & Enterprise Risk

WORK SCHEDULE: Standard business hours, Monday through Friday, with a willingness to monitor email and other systems during nonbusiness hours in case of a critical matter and able for additional hours that may be occasionally required in order to meet time- sensitive deliverables and deadlines.

WORK LOCATION: Sioux Falls, SD, Dell Rapids, SD, or Remote

ABOUT US: Visit https://www.central-payments.com/our-story and https://www.fallsfintech.com

QUALIFICATIONS:

Required Skills:

• Fluency with all applicable federal and state consumer protection laws, regulations, and regulatory guidance documents that impact prepaid cards and the payment industry, including but not limited to: UDAAP, Regulation E, and Regulation P, and the Prepaid Rule

• Understanding of USA PATRIOT , money transmitter requirements, and Standards for Safeguarding Nonpublic Personal Information a plus

• Exemplary written and verbal communication skills

• Excellent analytical and problem-solving skills

• Strong knowledge of compliance auditing principles, methodology, sampling techniques and risk identification
  
• Proficiency with Microsoft Office applications; familiarity with Smartsheet a plus

• Proven ability to remain organized while constantly multi-tasking and reprioritizing daily workload

Education/Experience:

• At least three years of manager-level compliance experience, with very recent experience in consumer payments

• Bachelor’s Degree in business administration, finance, management, or related field preferred

**Equivalent combination of education, certifications, and experience will be considered

Key Responsibilities Include:

• Monitor and report on all new and pending changes to laws, regulations, and regulatory guidance documents that may impact the compliance program and reports on the substantive changes to upper management

• Stay abreast of changes to and ensure conformance with Association and Network rules and regulations affecting the various product offerings

• Assist with reports to present to executive management/committees on compliance items

• Manage CP compliance audits to ensure they are completed timely and in accordance with Central Payments Policies

• Oversee creation and approval of related desktop procedures

• Manage marketing submission process (creation of forms for new Partners, ensure SLAs are met, assign items to reviewers, and refine guidelines)

• Maintain a library of all approved prepaid program collateral, fee schedules, and cardholder terms and conditions and ensures review of all draft materials submitted for use by program managers

• Perform periodic program reviews and maintain appropriate procedures and documentation

• Track and ensure completion of corrective action to be undertaken in response to compliance-related findings from internal audits, regulatory reviews, and monitoring results.

• Manage direct reports and complete performance assessments and coaching on processes.

• Train new compliance marketing team members

• Assist with escalation items from compliance analysts

• Assist with third party external auditors to schedule external audit on Central Payments consumer compliance management systems. Including tracking findings/recommendations from external audit for reporting to upper management

• Perform other duties as assigned.

Tips if You are Contacted to Interview:

• We highly recommend that you take time to visit our website at www.central-payments.com and our LinkedIn company page. There are informational videos and links to podcasts under the “Our Story” tab that help you understand our background.

• Central Payments’ primary business is establishing consumer deposit accounts, issuing incentive and rebate cards, and transferring/remitting funds via ACH and other means. Prepaid cards make up a significant portion of our business. If you are not familiar with prepaid cards, we recommend that you purchase a Visa, MasterCard or Discover-branded, general-purpose, reloadable prepaid card (not a gift card) at any retailer, load a small amount of money, register the account/activate the card, login to the account center online, and conduct transactions. While the card you purchase will likely not be issued by Central Payments, it will still help you understand the product in general, its features, and benefits.

• To better understand the traits we look for when interviewing candidates please visit: “Is Central Payments a Fit for Me?”