Payments Policy Analyst (6 month contract - Open to both BC and ON office locations)

  • Full-time

Company Description

When you’re passionate about what you do and where you work, the rest comes easy. That’s the culture at Central 1 Credit Union, and that’s precisely what we’re looking for from you. Supporting nearly 150 member credit unions across British Columbia and Ontario, we’re the backbone of the credit union system in both provinces – taking care of everything from online services and product development, to payment processing, trade association services and more.

Our team of over 600 employees represent some of the most innovative, passionate individuals you’ll ever meet; people who honestly care about the organization, its members and each other. In other words, people who love what they do.

Job Description

The successful incumbent will maintain an in-depth understanding of the payments industry in Canada, CPA and SWIFT rules and related regulations. This position will be accountable to develop and maintain frameworks, policies and processes to support the Group Clearer clearing and settlement agreements ensuring compliance with industry regulations that align with corporate policy and governance standards. The position monitors the activities/initiatives of the respective payment associations in order to recognize and effectively respond to changes in policy and oversees the monitoring of information required by the CPA to maintain Group Clearer compliance.

This role can be based out of our Vancouver office or out of either Ontario office locations, Toronto or Mississauga.

Specific Accountabilities:

  • Act as a resource to Group Clearer committees, project teams, management advisory committees and project teams established from time to time relevant to role.
  • Work with internal and external stakeholders to coordinate the implementation of approved changes to existing and new business processes and procedures effectively through appropriate planning and pro-active communication and collaboration with stakeholders. 
  • Perform analysis and review of new and existing business processes and approved policies. Identify opportunities to enhance process effectiveness. Create process and workflow maps and supporting documentation to provide a conceptual view of business processes illustrating the connection to policy and industry best practices.
  • Prepare briefing notes, discussion, consultation papers and other documents as required to develop awareness and understanding of emerging issues and trends amongst key decision making groups and the implications to policies, procedures and processes.
  • Work collaboratively with stakeholders to perform and establish Business Continuity and Disaster Recovery testing, plans, processes and procedures for Group Clearer functions to ensure compliance with CPA. Work with Operational Risk Department to review and update Group Clearer Business Impact Analysis for department management approval by management.
  • Represent the Group as required on CPA or other payment industry committees.
  • Provide support to the Clearing centrals in the analysis and interpretation of CPA by-laws, rules, and standards and provide advice and recommendations in response to conflicting interpretations of CPA or other payments industry rules or disputes.
  • Collaborate with the Business and Techincal writer as a key resource in the development and revisions to the Policy Framework supporting Group Clearer agreements. Ensure business processes, procedures documents and corporate policies are compliant with CPA by-laws, rules and standards.

Qualifications

  • University or college degree in policy development and research or other suitable discipline, with a minimum of 5 years’ experience in a similar role.
  • Sound working knowledge of the Canadian payments industry and practical experience performing complex policy analysis.
  • Solid understanding of the Canadian Payments Association rules, by-laws and standards is required.
  • Knowledge of policy development frameworks and lifecycle management preferred.
  • Ability to conduct policy, risk and strategic analyses and document and communicate findings and recommendations to management. 
  • Knowledge of SWIFT, and international payments in general would be a definite asset.
  • Project management experience, competency with MS Projects and Visio considered an asset.
  • Proficient in Microsoft office suits products.
  • Ability to work effectively under own initiative to complete assignments and achieve high levels of performance. Proven ability to lead and work through others.
  • Exceptional analytical and critical thinking skills are required.
  • Exceptional written and verbal communications skills are required.
  • Accuracy and thoroughness of data and information are required.
  • Flexible and adaptable to changing priorities.

Additional Information

As much as we believe in working hard, we also believe in personal growth and taking time for ourselves. Accordingly, our total rewards philosophy amounts to one of the best compensation and benefits packages in the industry – from performance-based incentives and extended benefits, to training and education reimbursements and ample vacation time.

Central 1 is committed to diversity and inclusion. If you have a request for a disability-related accommodation, we will work with you to meet your needs.

Reporting to: Team Lead, Payments Policy

Grade: E

Date Posted: May 15,2017

Internal Applicants must apply by: May 19, 2017

*Unsolicited resumes from vendors will not be accepted for this or any position at Central 1*

**If you have issues or questions about the application process, please email humanresources @central1.com with a description of your problem**