Director, Payments Compliance

Reference:

VAC-257

Sector:

Payment Service Providers (PSP), Payments, Technology

Salary:

Competitive

Town/City:

Amsterdam

Contract Type:

Full Time

Talk to us

Sam Spall, Headhunter - Risk, Fraud & Compliance Specialist in Payments/Fintech
+31 203 030 257
(0830 - 1830)

About the Client

Payments seems to be an industry which doesn’t suffer a downturn and because of this it is highly competitive. Therefore, we continue to see a large number of mergers and acquisitions in order for service companies to stay ahead of the game. And on top of this more companies continue to use The Netherlands as a hub. The 2 companies to merge here complement each other well with one operating as a PSP and the other working on payments technologies...a match made in heaven.

About the Job

The first and most important part of the role is that neither company is set up yet in the Netherlands, so in order to process payments they will need to obtain licenses from the Dutch National Bank (DNB). You will be on the ground with one other employee who will take care of the Legal Compliance with yourself being accountable for the Payments Compliance piece. You will also have contact with the CRO and CFO that is situated at original HQ. Your main deliverables will relate to PSD licensing / DNB approval, Scheme Compliance, DNB reporting deliverables and AML and KYC policies and procedures. As well as keep on top of Dutch regulation and international regulations, such as GDPR, which will affect the way payments are processed.

Key Questions to Ask Yourself

  • Have you had previous experience obtaining a PSP license in The Netherlands?
  • How do you believe PSD2 / GDPR / 4th/5th AML acts will affect business for a newcomer to the market?
  • Do you have experience in setting up an office from scratch?
  • How often have you worked with the DNB?
  • What are the biggest challenges facing a payments institution relating to scheme compliance?

Things to keep in Mind

  • You must speak Dutch

Talk to us

Sam Spall, Headhunter - Risk, Fraud & Compliance Specialist in Payments/Fintech
+31 203 030 257
(0830 - 1830)