Scheme Compliance Manager, Thredd
Issuer processing partner
Job no longer available
Issuer processing partner
201-500 employees
Job no longer available
201-500 employees
Company mission
To transform the world through true partnerships and smart payments to revolutionise the future of finance, together.
Role
Who you are
- Experience reviewing, analysing and disseminating Mastercard and Visa mandates, rules and standards, and either communicating them to relevant business units or leading a team responsible for this task
- Experience with schemes such as AMEX/Discover and debit/credit processing experience is desirable
- Technical knowledge and understanding of managing scheme rules and process, from identification to implementation
- Experience working in the payments industry
- Detailed understanding of how card and payment programmes operate and interact with different partners (Issuers, BIN sponsors, Schemes, Card manufacturers)
- Experience with tools such as JIRA, Confluence, Salesforce, Slack, Miro and Sharepoint
- Reporting, data analysis and presentation skills
- The ability to take high level requests and break them down into actionable plans
- Comfortable working with a range of stakeholders such as the schemes, customers and internal teams
What the job involves
- We are seeking a Scheme Compliance Manager to join our expanding team. The Scheme Compliance Manager will be responsible for leading the assessment of relevant scheme mandates and processing rules to ensure Thredd fulfils their commitment to remain compliant with the schemes globally
- You will be responsible for overseeing the end to end process of scheme compliance, with a key focus on prioritising initiatives and driving accountability across the relevant teams
- Building and maintaining strong relationships with internal and external stakeholders to enhance collaboration
- Leading investigations into escalations and complaints, identifying root causes and implementing long-term solutions
- Maintaining a customer oriented focus and building an understanding of their business and needs
- Delivering insightful presentations regarding impacts and reasons for compliance changes and adjustments
- Establishing and managing monitoring and reporting, leveraging insights to inform strategy and decision-making
- Using data to drive decision making and advocate for product changes that improve the accuracy and efficiency of the platform in line with scheme requirements
- Representing relevant industry events, working groups and webinars to ensure product and market knowledge is kept relevant
- Keeping abreast of Thredd and industry developments
- Understanding the competitive landscape of the cards industry
- Owning documentation of key decisions and rationales, providing transparency and continuity in strategic direction
- Escalating issues, providing clear and factual information and communicating with the necessary teams
- Documenting business requirements and managing these with the product team going into engineering
- Act as an SME within Thredd, driving best practices and influencing key decisions
- Managing senior stakeholders including C-Level
- Advising on and enforcing best practices, shaping policies and frameworks to improve operational effectiveness
- Investigating opportunities to streamline processes through AI/automation
- Driving clear and proactive communication of requirements, ensuring alignment and engagement across teams
- Collaborating with cross-functional teams, including account management, product development, engineering, and operations to ensure alignment that milestones are achieved
- Monitoring scheme changes and industry trends, assessing potential impacts and opportunities
- Building and maintaining a strong knowledge of the Thredd proposition
- Providing support to the Head of Scheme Compliance across various initiatives and tasks
Salary benchmarks
Our take
Embedded banking, or Banking-as-a-Service, has been a major driver of the fintech explosion. It allows challengers and smaller players to rapidly incorporate novel financial products and infrastructure without building from scratch - and major players to keep pace with increasing consumer demand for fintech services. Thredd (formerly Global Processing Services) focuses on paytech, with a tranche of services including major areas like payments, wallets, fraud prevention, and crypto management.
This diverse offering across high-growth fintech sectors has helped Thredd draw in hefty funding, and key clients across the key fintech markets of Europe, Asia-Pacific, and the Middle East, including Revolut, Curve, Cape, and Starling Bank.
This shows quite how far Thredd has managed to capture significant market penetration, which has given it the resources to continue building out key new products. With more non-fintech businesses looking to leverage the benefits of embedded banking, this could see Thredd expand into further markets such as insurance and loans. Certainly, Thredd has both the momentum and the valuation to take the plunge into other lucrative verticals.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-7% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jan 2022
$100m
LATE VC
Oct 2021
$300m
LATE VC
Total funding: $450.1m
Company benefits
- 25 Days annual leave
- Option to buy 5 days annual leave
- Pension scheme
- Private Medical
- Life Insurance
- Green Car Scheme
- SmartTech
- Volunteer time
- Season Ticket Loan
- Cycle to work Scheme
- Long Service Awards
- Retail Discounts
- Tax-Free Childcare Vouchers
- Flu Vaccinations
- Flexible benefits (Better you fund, Revitalise you Fund, Money Coach, Expanded Private Medical, Critical Illness)
Company HQ
Holborn, London, UK
Leadership
Kevin Schultz
(CEO)Spent over a decade in various Executive VP positions at Visa, then Global Payments Inc. Has also held President roles at First Data Corporation and Fiserv.
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