About the Client
Here we have a client that plays a huge role in the payments space, they are a massive player in the market. And all massive players understand the importance of Card Scheme Compliance, especially when they have been involved in a number of mergers and acquisitions.
About the Job
The position itself requires a huge attention to detail. Please be aware that this is more a Compliance function than it is a Commercial role. Yes you will need to hold multiple relationships with a number of schemes (mainly Visa, MasterCard and JCB) but you will need to understand how the changes that come from the schemes effect your business's operations. For example if you are looking to launch a new product to the market - which in this technological boom it is highly likely this will happen very often - you need to understand what the compliance regulations from the schemes are for that type of product and you will need to align your company with these regulations.
You will also need to carefully analyse these regulations to see if there is scope to reduce costs for the merchants you support and the company you represent. For example during a merge can you reduce the scheme fees, as 2 companies are becoming 1… This is why attention to detail is so important. Please bear in mind that this is not a managerial role with direct reports. But it is considered a critical position for the company and therefore project management is a large part of the role. You will therefore need to understand all functions of the business to best support the projects.
Key Questions to Ask Yourself
- Which products have you implemented?
- When have you reduced scheme costs for your company and how did you do this?
- Which schemes have you had exposure to?
- How do you manage scheme fees/fines for your merchants?
- Which forums / committees are you most familiar with attending?
Things to keep in mind
- You must speak French
- Ideally you have experience working with the ACPR (French regulatory body)
- Ideally you have attended forums such as Mercatel and Concert