Director for Risk and Compliance, Fintech Payments

Position Overview:

As Zenoti’s Fintech scope and payment complexity increases, we are aiming to strengthen the risk and compliance framework, with a specific focus on the Fintech space. As the Risk and Compliance Manager, you will be involved in identifying, assessing, and mitigating potential risks within the Fintech and Payments domains while ensuring adherence to all relevant laws, regulations, and internal policies. You will evaluate, assess and manage the financial exposure related the Fintech products. You will conduct regular audits, monitoring compliance, while advising management on necessary actions to maintain a compliant and ethical business environment.

Key Responsibilities:

• Risk Assessment: Conduct comprehensive risk assessments and identify potential internal and external risks across different areas of the organization, including financial, operational, legal, reputational, and cyber risks.
• Compliance Monitoring: Monitor adherence to relevant laws, regulations, and internal policies through regular reviews, audits, and data analysis to identify potential compliance gaps.
• Policy Development: Develop, implement, and maintain compliance policies and procedures aligned with regulatory requirements and best practices.
• Training and Awareness: Design and deliver training programs to educate employees on key compliance risks and procedures, promoting a culture of compliance within the organization. Educate our customers on compliance requirements as well as operating procedures to reduce financial risk for them such as KYC, record keeping for chargebacks/dispute management etc.
• Incident Response: Investigate and manage compliance incidents, including potential violations or breaches, and implement corrective actions
• Reporting and Analysis: Prepare regular reports on risk assessments, compliance status, and key risk indicators to senior management and relevant stakeholders.
• Internal Audit Support: Collaborate with internal audit teams to facilitate compliance audits and address any audit findings 

Qualifications:

• 12+ years of overall experience in banking, payments, consulting, or other business-related function in a payments fintech, banking or payments provider setting. 6+ years of compliance, audit or risk management experience
• Deep knowledge of internal control frameworks, Risk and Control Self-Assessment, SOX, and audit procedures.
• Knowledge in regulatory and compliance requirements relevant to the payments domain- PCI DSS, BSA, AML, OFAC, KYC, ISO20022 etc
• Ability to recognize necessary operational adaptations in response to changes in laws and regulations.
• Strong organizational skills and proactive identification, tracking, and reporting on multiple workstreams within the program.
• Excellent communication and presentation skills, with the ability to articulate complex ideas to both technical and non-technical audiences, especially to C-suite audience.
• Critical mind-set to challenge the status quo and provide new perspectives
• Demonstrated skill in working with large, complex topics and problems
• Master’s degree in finance, Engineering or MBA from Tier 1 college preferred.
• Knowledge of Microsoft Office products and applications at an advanced level.