Payment Scheme Compliance Specialist

About us

Wallester is a cutting-edge financial technology company that specializes in providing innovative solutions for businesses seeking to modernize their payment systems. By offering white-label card issuance platforms, seamless integration with existing infrastructure, and comprehensive support for both digital and physical cards, Wallester empowers companies to enhance their financial services and customer experience. Recognized as a leader in the FinTech space, Wallester has earned a reputation for its state-of-the-art technology, security, and scalability. Whether you are a startup or an established enterprise, Wallester delivers flexible, reliable solutions tailored to meet the evolving needs of the digital economy.

Summary

The Payment Scheme Compliance Specialist is responsible for ensuring the company's compliance with the rules and regulations of payment schemes such as Visa, Mastercard, SEPA, and other future schemes. The role plays a key part in risk mitigation, operational compliance, and integration of scheme requirements into business processes.

Responsibilities

1. Compliance with Payment Scheme Regulations

• Monitor and interpret Visa, Mastercard, SEPA, and other payment scheme rules to ensure company-wide compliance.

• Assess the impact of regulatory and scheme rule changes on company operations, systems, and products.

• Ensure timely adaptation of internal policies and procedures in response to new scheme requirements.

2. Collaboration with Internal Teams

• Work closely with Operations, Implementation, Product, Project Management, and Technical Teams to ensure that payment scheme requirements are integrated into business processes.

• Offer proactive compliance support during the development of new products and services.

3. Risk Management & Compliance Monitoring

• Identify and assess risks related to non-compliance with payment scheme rules.

• Conduct internal audits and reviews to ensure compliance and recommend corrective actions.

• Work with teams to implement mitigation strategies for identified risks.

4. Regulatory Reporting & Payment Scheme Communication

• Act as the primary point of contact with Visa, Mastercard, SEPA, and other schemes for compliance-related matters.

• Prepare and submit required reports, notifications, and certifications to payment schemes.

• Support investigations and resolution of scheme compliance violations or remediation requests.

5. Training & Documentation

• Develop and deliver training programs for internal teams on payment scheme compliance requirements.

• Maintain up-to-date knowledge of Visa, Mastercard, SEPA, and other schemes requirements, regulations, and industry best practices.

• Maintain up-to-date documentation, including internal policies, procedures, and guidance materials.

• Ensure all stakeholders are informed about new compliance obligations and best practices.

Requirements

• 3+ years of experience in payment compliance, risk management, or financial operations (preferably within fintech, banking, or a payments company).

• In-depth knowledge of Visa, Mastercard, SEPA, and other payment scheme rules.

• Strong analytical skills to interpret complex regulations and assess business impact.

• Familiarity with card processing technologies (ISO 8583, EMV tokenization, 3-D Secure and PCI-DSS).

• Experience working with cross-functional teams (Operations, Product, Compliance, Legal, Tech).

• Ability to communicate regulatory requirements effectively to technical and non-technical teams.

• Strong problem-solving skills with a proactive approach to risk mitigation.

• Proficiency in English (spoken and written) for regulatory documentation and communication.

Preferred:

• Experience in PSD2, DORA, AML, and other financial regulations.

• Prior involvement in scheme audits, certifications, or regulatory reporting.

• Familiarity with risk assessment frameworks and internal audit procedures.

• Experience with automated compliance monitoring tools.

Company offers

• Competitive salary
• Challenging and long-term projects
  
• Supportive and caring Leadership
• Amazing growth experience at one of the greatest FinTech companies in Estonia
• A modern office in the center of Tallinn
• Sports compensation
• Employee referral program
• Great Team events
• Free parking in the city center

Last updated on Feb 19, 2025