ACH Compliance Specialist

November 14

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electronic processing • credit card equipment • credit card terminals • merchant services • merchant accounts

1001 - 5000 employees

💳 Fintech

🛍️ eCommerce

🤝 B2B

Description

• Conduct Originator ACH WEB Debit Audits, periodic reviews, and due diligence/risk assessments as scheduled; report issues and recommend solutions to mitigate risk. • Work with other Enterprise Risk Management departments to ensure Originator ACH exposure limits for both new and existing Originators are within the risk threshold. • Act as a subject matter expert for cross-functional partners when new ACH-related products are being developed to ensure compliance with Nacha Rules. • Understand and actively ensure Originator compliance with the Nacha Rules, Regulation E, UCC4A, OFAC, and other regulatory and compliance policies and procedures. • Assists in coordinating ACH audits and aids in the follow-up of outstanding issues for timely resolution. • Analyze data obtained for evidence of deficiencies in controls, duplication of effort, fraud, or lack of compliance with Nacha Rules and government regulations. • Monitor the regulatory environment to identify regulatory changes applicable to ACH Compliance; may support internal communication of regulatory changes and help ensure that policies, procedures, and/or processes are appropriately implemented or amended to address regulatory requirements. • Assist with developing and maintaining ACH Compliance policies and procedures to ensure regulatory and ACH-related audit requirements are appropriately addressed. • Assist in developing and implementing ongoing ACH Originator communication and/or education. • Complete annual required educational requirements. • Perform additional duties, including miscellaneous projects, as assigned by Management.

Requirements

• Bachelor’s degree or higher • Minimum 5 years related work experience in financial institution operations or ACH payment processing • Must have or be willing to obtain one of the following certifications: Accredited ACH Professional (AAP) or Accredited Payments Risk Professional (APRP) • Strong working knowledge of Nacha Rules and government regulations pertaining to ACH • Strong analytical and research skills • Excellent verbal, written, and interpersonal communication skills • A team player who works effectively in a team-fostered, multi-tasking environment • Ability to work independently with limited supervision • Keen attention to detail and aptitude for data analysis • Ability to quickly analyze complex situations, define problems, collect data, establish facts, draw valid conclusions, exercise critical thinking, provide guidance, and escalate issues to appropriate levels of management • Ability to learn, comprehend, and define new processes • Proficient in Microsoft Office Programs and G-Suite

Benefits

• Medical, Dental, & Vision Coverage • Flexible Paid Time Off • 401(k) + Match • Mental Health Support & Well-Being Program • Paid Maternity & Paternity Leave • Education Assistance • Company-funded Lifestyle Spending Account