Company : ABC Nova Scotia
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Job Description

INTRODUCTION:

We are a leading payments company specializing in billing solutions for gyms and fitness centers worldwide. We provide payment processing services as a PayFac in the United States and Canada, and as a payments gateway in numerous other regions across the globe. As we continue to grow and expand, we are seeking a highly skilled Director of Payments Risk and Compliance to lead our efforts in managing risk, ensuring regulatory compliance, and architecting the expansion of our PayFac offerings internationally.
The Director of Payments Risk and Compliance will be responsible for overseeing the company’s risk management strategies, ensuring compliance with global regulatory requirements, and leading the development of robust compliance frameworks as we expand our PayFac offerings outside of the US and Canada. This role will involve direct leadership of the payments risk and compliance teams, managing day-to-day operations, and working closely with cross-functional teams, including Payment Operations, Product, and Legal, to ensure adherence to legal, regulatory, and internal standards across our global payments platforms.
The role will report directly to the General Counsel while collaborating closely with both the Payment Operations and Product teams to ensure compliance is integrated into all aspects of our payments services.

• Develop and execute the overall payments risk and compliance strategy for the organization, ensuring alignment with business goals, regulatory requirements, and industry best practices.
• Collaborate with Payment Operations, to architect and drive the expansion of our PayFac services outside the US and Canada, ensuring compliance with local rules, regulations, and payment industry standards in each new market.
• Monitor and ensure compliance with international payment processing regulations for all ABC products, including but not limited to PCI DSS, AML, KYC, GDPR, and other relevant local or regional regulations. Stay updated on global regulatory changes affecting payment services.
• Oversee risk management practices, including fraud detection and prevention, chargeback management, and other payment-related risks. Implement and refine controls for all ABC products to minimize financial and reputational risk.
• Lead, mentor, and grow the payments risk and compliance team.
• Work closely with product, legal, finance, and operations teams to ensure that risk and compliance considerations are integrated into new products, markets, and business initiatives.
• Oversee internal and external audits of payments systems and processes. Ensure that any gaps identified are addressed and mitigated. Regularly report on the company’s risk and compliance posture to senior management.
• Manage third-party risk related to payments processing, including evaluating and mitigating risks associated with third-party vendors, processors, and partners.
• Maintain and expand relationships with key payment processing partners, managing their audits and ensuring the company’s partnerships support both compliance and business goals.
• Develop internal partnerships ensuring that future product developments, business expansion strategies, and market entries are aligned with industry compliance obligations, maintaining a proactive approach to regulatory changes.
• Define and execute merchant-level compliance, including PCI compliance strategies.
• Stay informed on changes to payment network and processor specifications, and initiate projects to ensure ABC is aligned with the latest standards.
• Evaluate emerging payment technologies and market trends to ensure ABC remains competitive and maximizes opportunities for growth.
• Oversee and guide merchant underwriting processes and procedures for all ABC products.
• Serve as the in-house expert on payment processing regulations (Visa, MasterCard, AMEX, Discover, Fed/ACH, etc.) and maintain up-to-date knowledge of relevant industry standards. Conduct regular reviews of accounts and transactions to ensure transparent, accurate reporting and compliance with BSA, AML, OFAC, and other applicable regulations.
• Develop and document efficient procedures, translating technical compliance requirements into actionable business insights. Work closely with cross-functional teams to ensure proactive awareness and integration of payment regulatory impacts into daily business operations.