Marqeta

Compliance Advisory Manager (Debit/Prepaid)

United States

$60,000 – $90,000Compensation
Mid-level (3 to 4 years), Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Banking, ComplianceIndustries

Position Overview

  • Location Type: Remote (Anywhere within the United States)
  • Employment Type: [Not Specified]
  • Salary: [Not Specified]

This role is the subject matter expert and face of Debit and Prepaid Compliance at Marqeta and with our issuing banks and debit/prepaid partners. The Compliance Advisory Manager (Debit/Prepaid) will be responsible for the implementation and monitoring of the company’s Compliance Management Program to ensure the bank is in compliance with its policies and procedures and with banking laws and regulations relevant to debit and prepaid card products. Excellent interpersonal skills and collaboration skills are a must as you collaborate with other internal departments (e.g., product, operations, legal) to ensure compliance across the organization and with partners and issuing Banks to ensure compliance across the product universe. The team is actively engaged in new product development at Marqeta and ensures our internal processes and the processes of our partners meet regulatory requirements.

Requirements

  • Expertise in financial regulations
  • Strong analytical skills
  • Excellent interpersonal skills
  • Collaboration skills

Responsibilities

  • Stay up-to-date on relevant regulations and ensure the company's debit and prepaid card programs comply.
  • Disseminate information regarding debit and prepaid compliance and upcoming regulatory changes to appropriate staff.
  • Develop, implement, and maintain compliance policies and procedures for debit and prepaid card products.
  • Review applicable operational playbooks, processes and procedures to ensure alignment with the regulation and policies.
  • Identify, assess, and mitigate compliance risks associated with debit and prepaid card operations.
  • Monitor compliance with regulations and policies, conduct/collaborate with audits, review applicable product complaints and investigate potential violations.
  • Review and approve training programs to ensure employees understand their compliance responsibilities.
  • Collaborate in the preparation and maintenance of accurate compliance documentation, dashboards and reports.
  • Communicate with department managers regarding regulatory compliance, risk assessments, key controls and recommendations for compliance.
  • Ensure compliance exceptions are adequately addressed by management and resolved timely.
  • Assist with preparation of [Not Specified].

Company Information

  • Company: Marqeta
  • Team: Compliance Advisory Team
  • Focus: Debit and Prepaid Compliance

Skills

US Banking Regulations
International Banking Regulations
Debit Cards
Prepaid Cards
Compliance Programs
Risk Management
Audit
Policy Development
Regulatory Interpretation
Compliance Documentation

Marqeta

Card issuing and payment processing solutions

About Marqeta

Marqeta provides modern card issuing and payment processing solutions in the fintech sector. Its platform allows businesses to create, issue, and manage payment cards tailored to their specific needs, such as expense management and consumer payments. The service operates through an open API, enabling clients to integrate Marqeta's capabilities into their own applications. This flexibility sets Marqeta apart from competitors, as it caters to a diverse range of clients, including financial institutions and tech companies. The company generates revenue primarily through transaction fees each time a card is used, along with potential setup and service fees. Marqeta's ability to quickly adapt to the growing demand for digital payments, especially during the COVID-19 pandemic, has contributed to its significant presence in the market.

Oakland, CaliforniaHeadquarters
2010Year Founded
$526.5MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees

Benefits

Medical, dental, & vision coverage
Flexible time off
Paid family leave
Pet insurance
401k match
Equity
Monthly stipends
Company recognition & awards
Employee Stock Purchase Program

Risks

Class action lawsuit may harm Marqeta's reputation and investor confidence.
Increased regulatory scrutiny could raise compliance costs for Marqeta.
EWA platforms might disrupt Marqeta's traditional card issuing model.

Differentiation

Marqeta's open API platform allows for highly customizable payment solutions.
The company operates in 40 countries, offering a global card issuing platform.
Marqeta's cloud-based infrastructure enables instant access to scalable payment systems.

Upsides

Partnership with Slope taps into the growing Buy Now, Pay Later market.
Demand for flexible working capital solutions boosts Marqeta's embedded finance offerings.
Smarter AI models enhance Marqeta's payment processing capabilities.

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