North American Bancard · 1 day ago
ACH Compliance Specialist
United States
Full-time
Remote
Mid, Senior Level
$40K/yr - $70K/yr
5+ years exp
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Responsibilities
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.
Qualification
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Required
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
Company
North American Bancard
North American Bancard Holdings, LLC (NAB) and its subsidiaries are committed to making it as easy as possible for you to grow your business through innovations in credit card processing, ecommerce, mobile payments, back-end business solutions, and more.
1,001-5,000 employees
Funding
Current Stage
Late StageLeadership Team
Marc Gardner
Founder, President & CEO
Gordon Rimac
CTO
Recent News
2024-04-07
Company data provided by crunchbase
