Business Analyst - Payment Scheme Compliance

Description

About Us:
The payments market is the most exciting technology market in the world today for good reason. McKinsey values it globally at over $2 trillion and it’s growing between 13-15% year-on-year. Some of the largest most dynamic brands are investing in this sector; Apple has ApplePay, Google has GooglePay, Amazon has AmazonPay, and it’s not just the Silicon Valley brands. Tencent owns WeChatPay, Alibaba owns Alipay and digital disruptors like Square, Stripe and Adyen all invest millions to grow the payments market.
Planet are a technology company that’s transforming payments by putting the customer experience first. We help our customers deliver a better experience for guests, shoppers, and consumers everywhere. We operate in a market that continues to evolve and expand, partnering with the world’s most prestigious brands across Retail and Hospitality, and with a network of Financial Services partners worldwide.
To meet consumer demands, payments must be simple, safe, and invisible. The only way to do this is to fully embed payments in the software and networks that runs business. By combining networks, software and payment technology, Planet’s creating a world of connected commerce, that makes payments feel good.
We’re growing organically, and with strong Private Equity investors, Advent International and Eurazeo, we’ve the financial capital and expertise to grow our capabilities and reach through acquisition.
Function Overview:
Planet’s Product & Technology team have a world class vision for pushing product innovation which helps reinforce Planet’s position as a revenue generating payments partner across the Retail, Hospitality, Food & Beverage and Parking verticals. Planet operates a unique single payments platform that includes acquiring, processing, digital wallets, VAT refund and currency conversion services to deliver a better customer experience. Our Product & Tech team comprise of over 750 employees globally who all help drive the single platform vision, a key differentiator to other payment platforms in the market and deliver technical excellence both internally & externally for our customers. Join us at Planet and be inspired by our overall technology expertise in enterprise architecture and digital transformation.
Role Overview:

You will play an important role that will support Planet Group’s compliance with payment scheme and alternative payment methods (APMs) rules and regulations. This will include gathering, reading and tracking scheme bulletins and announcements, and coordinating product and technical team updates required to support requirements. All tasks are time sensitive, financial in nature and require an understanding of electronic transaction processes. The role covers the full breadth of payment schemes and AMPs supported by the Group.

What you will do:

• Collate payment scheme and alternative payment method (APM) announcements, bulletins, mandates and operational changes and manage the end-to-end review and impact assessment process
• Work closely with the Product and technical teams to assess how scheme changes and compliance issues will impact the client base and product portfolio
• Manage the process to ensure payment scheme and APM changes are prioritized and implemented according to compliance and commercial needs
• Act as subject matter expert on scheme rules and mandates
• Produce monitoring and reporting to track the group’s compliance with scheme mandates and compliance-related activities
• Be closely aligned and aware of market trends in the card schemes, plus acquiring and merchant services markets
• Attend relevant card scheme industry events, working groups and webinars to ensure product and market knowledge is kept relevant and information is cascaded to appropriate colleagues
• Where required assist in training and upskilling the product knowledge of relevant colleagues in the group through insightful presentations

Who you are:

• Several years’ experience with payment processing or merchant acquiring
• Basic knowledge of payment processing transaction flow, including Authorization, Clearing, Settlement and Interchange
• Strong organisational and multi-tasking skills in a high-volume environment
• Self-motivated and able to establish priorities, be results-oriented, and work independently
• Ability to read, analyze and interpret general business periodicals, professional journals, and governmental regulations
• Ability to prepare basic reports and business correspondence and deliver presentations
• Flexible scheduling may be required from time to time. Quarterly Compliance releases require weekend reviews

Why Planet:

Planet is an equal opportunity employer where diversity is valued, and all employment is decided based on qualifications, merit, and business need. Come and grow your career in the most exciting, fast paced technology market, with a business that delivers feel-good connected commerce. We would love to hear from you – Apply now.