Payment Network Analyst

Application Deadline:

03/30/2025

Address:
33 Dundas Street West

Job Family Group:

Business Management

This role has primary responsibility for managing Payment Network Compliance for Retail Payments (Canada) including implementation of Payment Network rules, Operations and Security bi-annual mandatory changes.

The role will be responsible to manage all Payment Network mandatory compliance projects from funding requests (IAAP) to overseeing the project through delivery/implementation. This may involve engagement with several BMO departments along with external partners.

The role is required to establish ongoing monitoring of Operations and Security Bulletins that impact BMO's credit card issuing portfolios.

The role will ensure processes and controls are maintained and current in order to protect BMOs reputation with our customers, the payment networks, regulators, others in the payment industry and the communities in which we operate.

Key Accountabilities

Provide 1st Line compliance support on issues pertaining to Payment Networks for Canadian products and services operating under BMO Bank of Montreal's licenses;

Manage bi-annual mandatory projects related to all BMO Canada credit products

Work to ensure all 1st Lines are implementing adequate policies, procedures, and controls to ensure MasterCard and Visa operational, legal, regulatory, competitive, strategic, and reputational risks are properly mitigated

Oversee and ensure proper completion of all MasterCard and Visa licensing and business registration requirements are completed for BMO credit card programs

Responsible to maintain relationship and point of escalation for MasterCard and Visa Operations and Security Risk and assist Senior Manager on ensuring BMO remains compliant with operating rules.

Support quarterly financial reporting with appropriate stakeholders

Assist Senior Management with Audit inquiries requesting artefacts associated with payment network compliance in relation to 1st line activities

Maintain ownership and access control of MC Connect / VOL and ensure all 1st line compliance officers have access to the services required to support BAU operations functions

This role has the authority to:

Determination of mandatory payment network compliance against rules

Evaluation of payment network compliance (1st Line) and assistance with implementation of new / revised products and services

Content of communication to payment networks and other external bodies relative to payment network compliance

This job has direct or indirect impact on the following:

BMO Bank of Montreal NARP Influence all product and Ops Risk teams involved in maintaining compliance with payment network requirements.

Impact and influence policies, procedures, application requirements and other controls required to ensure continuous compliance with payment network requirements within NARP.

Desired Behaviours

Superior organization skills

Strong understanding of Card industry compliance practices.

Setting priorities and time management- able to work through parallel items, managing time and able to meet commitments

Managing concurrent compliance deliverables

Successful delivery of mandatory compliance projects

All licensing and Attestations delivered to payment networks on time

Satisfactory internal and external audit findings as required

Expedite risk-based issues and escalations to resolution

Ensuring timely resolution of noncompliance issues

Continued development of knowledge and skills

Cross Functional Relationships

Monitoring and management of MasterCard/Visa mandatory projects towards resolution of noncompliance issues

Support for North American Retail Payment (NARP) 1st line compliance and risk officers

Knowledge & Skills

Strong knowledge of compliance, risk management, audit practices and change management

Strong knowledge of MasterCard best business practices, services, and systems

Working knowledge of Payment Card Industry (PCI)

Strong knowledge of credit card systems (e.g. software, hardware, network / communications, encryption, key management, information security)

Strong critical and analytical thinking to manage complex mandatory requirements for card based programs

Strong influence and negotiation skills

Strong decision-making and problem-solving

Must be able to work with individuals at all levels of the organization, in an ambiguous environment

Exceptional written and verbal communication skills

A willingness to read, interpret and assess MasterCard/Visa Operations and Security Risk bulletins and supporting Manuals as required

Salary :

$68,000.00 - $126,000.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en .

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.