Analyst: Value Chain Risk Optimization and Compliance

  • Full-time
  • Business Segment: Business & Commercial Banking

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To Manage the interface with the Payments Association of South Africa (PASA), the Card Schemes (e.g., Visa, Mastercard), Payment Service Providers (PSP), merchants and various internal stakeholders to ensure that Card Acquiring complies with PCI-DSS (Payment Card Industry Data Security Standards) regulations.

To manage and co-ordinate various Card Acquiring value chain touch points (e.g. merchant services (reports and/or requests for information), operational processing and risk / compliance interfaces).

Qualifications

Minimum Qualifications
Type of Qualification: Undergraduate Degree
Field of Study: Business Commerce, Finance and Accounting

Experience Required
5-7 Years solid understanding of the card and payments landscape, along with familiarity with general banking products, practices, and procedures. Knowledgeable about card product regulations and compliance, as well as the principles and practices governing card operations. Proficiency in Card Scheme rules, operational regulations, and online portal requirements is essential, as is familiarity with the processes for submitting waivers to Card Schemes. Additionally,  aware of Card Scheme breach conditions that may result in penalties, and have a solid grasp of the Financial Advisory and Intermediary Services Act (FAIS). 

Additional Information

Behavioral Competencies:

  • Adopting Practical Approaches
  • Articulating Information
  • Convincing People
  • Developing Expertise
  • Embracing Change

Technical Competencies:

  • Asset Management
  • Financial Acumen
  • IT Systems
  • Knowledge of Banking & Financial Service
  • Service Level Management
  • Value Identification

Please note: All our recruitment processes comply with the applicable local laws and regulations.

We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or [email protected]

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