Acquiring Payments Compliance Program Leader

Charlotte, North Carolina;New York, New York

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

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Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Bank of America Merchant Services is building an integrated acquiring payments platform and is seeking an experienced Acquiring Payments Compliance professionals to execute Payment Network compliance programs that are aligned with the American Express, Discover, Mastercard, Visa and Debit Network Rules. The successful Acquiring Payments Compliance Program Manager will be a subject matter expert on Payment Network rules and uses that knowledge to lead a team charged with managing merchant and acquirer compliance with applicable Payment Network rules.

The responsibilities for the position include:

• Develop, update and execute processes and procedures designed to ensure compliance with Bank of America enterprise compliance and operating requirements.

• Effectively manage remediation of Acquiring Payment Network compliance violations and execute Payment Network compliance monitoring programs such as excessive fraud and disputes / chargebacks.

• Provide subject matter expertise and compliance guidance related to the interpretation of Acquiring Payment and Debit Network rules to internal and external stakeholders

• Build strong relationships with the Payment and Debit Networks and serve as an escalation point with the Payment Networks for compliance related matters. • Evangelize the importance of Acquiring Payment Network compliance across the Merchant Services organization

• Develop strong partnerships with cross-functional stakeholders and merchant clients to drive a proactive approach to compliance and violation remediation.

• Execute control monitoring and governance reporting of compliance performance metrics

• Perform analysis of proposed rule changes and work with cross-functional stakeholders to communicate and operationalize required changes.

• Complete monthly governance reporting of compliance performance metrics

• Assist in the creation, submission, monitoring and remediation of Payment Network Waivers.

• Educate the merchant business on Payment Network Waiver submission and monitoring; Registration submission; Dynamic Currency Conversion and NFC contactless Compliance

Responsibilities:

• 5+ years acquiring Payments compliance management experience with Payment (Visa, Mastercard, American Express, Discover) and Debit Network Rules 5+ years experience successfully leading and developing high-performing teams

• Detailed understanding of the Acquiring Payment and Debit Network rules

• Strong interpersonal skills with the ability to clearly communicate with Payment and Debit Networks as well as internal stakeholders

• Demonstrated strong research and data analysis competency • Strong written and verbal communication skills

• Attention to detail combined with excellent organizational and time management skills

• Ability to multi-task and adapt to shifting business priorities Demonstrated ability to consistently meet assigned due dates

Skills:

• Demonstrated critical thinking and problem solving abilities

• 5+ years experience designing and implementing compliance programs

• Strong coaching and mentoring skills

• Demonstrated ability to influence outcomes and develop / deliver executive level presentations.

Minimum Education Requirement: Null

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

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