European Regional Compliance Executive

Background：

As the financial payments industry continues to evolve rapidly, the industry is becoming more innovative, exciting, and fast-paced. Regulators have responded by releasing laws and regulations which directly impact the company and affect future innovation (the latter being associated with the term ‘FinTech’). UnionPay International is looking to hire a smart, talented, and motivated card scheme/payment compliance professional in this exciting space and help business comply with both European local regulations and with UPI internal risk control & compliance requirements.

This position is a regional role which could be located in anyone of these four cities (Paris, Stockholm, Milan or Budapest), and will focus on the rules and regulatory compliance demands of card scheme and payment operations.

Internally, this position will support on one side the Business Management teams of UPI HQ located in Shanghai, China, on the other side the business development teams of UPI Europe, to enhance regional risk and compliance management, to analyze local compliance requirements, to establish and implement risk & compliance programs, including member KYC, transaction investigation & restriction, business risk review & disposal, onsite investigation tasks, RRD collection, AML, information security and other relevant tasks.

Externally, this position will liaise with UnionPay’s acquiring/issuing members and business partners in the European region on compliance and risk management matters and will also interact with local regulators on regulatory and compliance issues.

The work will be demanding, along with it will be the chance to build and shape one of the largest and fastest growing payment companies in the world.

Job Description:

1.Follow up the latest regulatory requirements in the European Region, including but not limited to local AML requirements, Payment Service Directive, MIF regulation, GDPR or any other applicable regulations for the payment industry. Assist to establish and deepen communication and cooperation with local regulatory or judicial departments and industry associations. Represent UPI to attend industry compliance meetings.

2.Compliance management on UPI European business and projects

(1) External:Responsible for risk and compliance communication and for training local members and third-party institutions, helping them to understand UPI compliance or risk control requirements and to establish awareness of compliance in business cooperation.

(2) Internal: Work closely with European branch offices to

• Conduct compliance and risk assessment & evaluation for business projects.
• Follow up execution of key business projects to ensure a smooth and timely implementation.
• Establish compliance programs, design implementation plans, and set up internal control measures based on UPI operations.
• Provide compliance or risk management guidelines and training to European offices, with efficient and timely guidance and documentation efforts as necessary.

3.Risk management for European markets:

(1) Assist HQ Risk management team on monitoring transaction changes of key member institutions and key merchants within the jurisdiction, conducting timely investigations on transactions that trigger changes, urging institutions to provide timely and high-quality feedback materials on investigation, providing investigation conclusions to the headquarters, and carrying out disposal work for institutions and merchants that cannot be ruled out of violation after investigation.

(2) Coordinate with HQ and local offices to implement risk control measures, including member’s Due Diligence, onsite review, RRD collection, transaction restrictions etc.; and in member enrollment process, including timely collection of documents required for customer due diligence and credit risk assessment, collection of network access fees, risk deposit fees, etc.

(3) Assist HQ and local offices in data security management, including implementing UPI’s data security compliance programs, handling data compromise events, participating PCI SSC conferences or events.

(4) Any other compliance or risk management related ad hoc issues assigned by EU branch hierarchy.

Desired Skills and Experience:

1.Bachelor’s degree is required, background in law, compliance or risk management is preferred.

2.At least 2 years in regulatory, compliance or risk management experience in payment, banking or FinTech industry. Outstanding fresh graduates can also be considered.

3.Global mindset and outlook must be adaptable, and willing to be creative solution provider when presented with ambiguous issues.

4.Great communication and coordination skills

5.Ability to work with a sense of urgency and deliver under tight deadlines/time frames.

6.English proficiency is a must. Fluent in Mandarin is preferred, both in oral and in writing.

7.Fun, energetic, and proactive self-starter who works well with a remote team.

UnionPay is committed to be an equal opportunity employer and make employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or any other status protected by law.