Compliance Team Lead- Prepaid Card
BarclayCard - Delaware

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00088746

Primary Location

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US-Delaware

Job Type

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Permanent

Unposting Date

:

Jan 29, 2013

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Mar 31, 2013

Description

Headquartered in Wilmington, Del., Barclaycard US creates customized, co-branded credit card programs for some of the country's most successful travel, entertainment, retail, affinity and financial institutions. The business employs 1,300 associates.

Barclaycard, part of Barclays Global Retail Banking division, is a leading global payment business that helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.

The company is one of the pioneers of new forms of payments, and is at the forefront of developing viable contactless and mobile payment options for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the British Government. Barclaycard partners with a wide range of organizations across the globe to offer their customers or members payment options and credit.

Barclaycard operates in the United States, Europe, Africa and the Middle and Far East.

Key Accountabilities:
Work with key business areas to develop, launch and maintain a Pre-Paid product with clear and defined business practices that include control, monitoring, and oversight practices that and that support compliance with all applicable regulatory and legal requirements.

Develop a risk assessment, test plans and execute regular regulatory and compliance monitoring and testing as it relates to Pre-paid regulatory and legal requirements (E.g., Reg E, Reg E disputes handling and fraud claims processing, AML, BSA, state money transmitter laws).

Work with key business areas to ensure appropriate risk assessment and due diligence is completed with the Vendor and any other service providers to verify that the Vendor and any other service provider complies with applicable policies and laws, including Consumer Protection laws.

Work with key business areas to ensure contract with Vendor and any other service provides supporting Pre-paid to ensure appropriate language is embedded in the Vendor contract regarding the Vendor's compliance related responsibilities.

Work with business areas to ensure BBD employees with service provider oversight responsibilities have the appropriate training and oversight procedures in place as required by bank policy and regulatory guidance.

Develop test plans and execute testing/monitoring as it relates to the Vendor's oversight, including review of the service provider policies, procedures, internal controls, training materials and oversight of employees who have customer contact or Compliance responsibilities.

Routine review of Vendor's contract to ensure appropriate language is embedded in contract regarding the service provider's compliance related responsibilities, including UDAAP.

Review of all compliance issues identified with the Pre-paid product including those of the Vendor, and the tracking and escalation of these issues to management and the Board.

Assist in the coordination of the monthly Executive and Board Compliance scorecard report, including service provider reporting.

Assist in preparation of annual review of BBD Compliance Department Risk Assessment.

Qualifications

Bachelors degree

Minimum of 5 years experience in financial services

Strong compliance and commercial experience in pre-paid products (E.g., cards, devices, features, mobile)

Strong compliance experience with the regulations and laws that apply to pre-paid products (e.g., Reg E, FDIC insurance requirements, state money transmitter laws, AML, BSA, and OFAC and pre-paid dispute resolution)

Certified Regulatory Compliance Manager (CRCM) or equivalent preferred

Excellent analytical, interpersonal, and organizational skills

Previous Supplier Oversight or Management experience preferred

Ability to establish and maintain good working relationships with internal stakeholders and to achieve influence and support at a senior level

Ability to see projects through to completion

Ability to handle a large volume of tasks at once

BarclayCard - 20 months ago - save job - block
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About this company
57 reviews
Raising the bar for global finance, Barclays owns one of Europe's largest banks, a top market-making investment bank, the top UK credit...