What is the Role?
You’ll lead all compliance efforts at Zact Inc., the provider of a next-generation cloud-based payments platform. You will implement and manage programs necessary to ensure compliance with all laws, regulations, industry standards (e.g., SOC and PCI), and other contractual obligations relating to Zact’s business activities. You will create and implement internal processes, liaise between external compliance teams at our issuing banks, processing partners, and Fintech payment program partners, manage annual PCI and SOC audits, lead the effort to establish privacy audit compliance (GDPR & CCPA), and facilitate compliance of Zact’s exciting new Fintech products.
What You'll Do:
- Manage Zact’s annual PCI and SOC 1 & 2 audits.
- Maintain Zact’s BSA / AML / OFAC compliance and compliance-related processes on Zact client programs
- Guide Zact in its compliance with California and global privacy regulations.
- Refine and manage Zact’s comprehensive compliance policies across ecosystem constituents: clients, vendors, and strategic partners.
- Create and maintain compliance-related training programs.
- Engage with vendors (e.g., partner banks, payments processors, card networks etc.) to present, collaborate, and resolve compliance-specific issues pertaining to Zact payment programs.
- Ensure Zact and its clients are operating regulated products & services in a legally and contractually compliant manner.
- Proactively monitor and address any real or perceived violations of regulatory obligations.
- Engage with external legal & compliance experts, as needed, to ensure Zact compliance policies are up to date across its payments product suite.
Who You Are:
- 3 - 5+ years’ experience as either an in-house compliance officer at a progressive bank, fintech, or related entity, managing payments, banking, and payments industry legal and regulatory compliance, or legal expertise at a top-tier legal & regulatory firm with a focus on regulatory compliance controls across banking & payments industry. Prior compliance experience at a fast-growing Fintech is a plus.
- Relevant experience with a combination of payment systems generally, card network rules, ACH/NACHA rules, PCI & SOC compliance, broader fraud and risk management, vendors in the compliance and fraud space, payments-specific data privacy laws and regulations, and information security certifications.
About Zact:
Zact is a Fintech innovator dedicated to a singular idea: Organizations need integrated and easy-to-implement-and-use payment and expense management applications that align the spending employee with finance and accounting while providing inherent guardrails and continuous reconciliation with financial systems.
Zact is an integrated payments and expense management platform which effectively rejects out-of-policy expenses before they occur and continuously reconciles transactions with accounting systems. Our integrated spend and expense management solution means you never have to deal with another expense report. And Zact handles not just corporate card expenses, but all spend use-cases.
