Merchant Acquiring Risk & Compliance Manager

Job description

The Merchant Acquiring Risk & Compliance Manager is responsible for ensuring the bank’s merchant acquiring and payment facilitation (PayFac) activities comply with applicable card network rules, banking regulations, and internal risk management standards. This role serves as a key control function supporting card network compliance, merchant and partner oversight, issue management, and regulatory readiness across the acquiring lifecycle. The analyst works cross‑functionally with the Bank’s Fintech Solutions Group, Legal, Compliance, and third‑party fintech or ISO partners to identify, assess, monitor, and mitigate card network compliance risks. Primary Responsibilities: Card Network Compliance & Oversight: - Monitor and interpret Visa, Mastercard, American Express, and Discover operating regulations , ensuring timely implementation of rule changes affecting merchant acquiring and PayFac programs. - Assess merchant acquiring products, PayFac structures, and transaction flows for adherence to card network requirements, including: - Merchant onboarding and underwriting standards. - MCC assignment and monitoring. - Prohibited and high‑risk merchant activity. - Payment facilitator and I...