Compliance Specialist

About us

Wallester is a cutting-edge financial technology company specializing in innovative solutions for modernizing business payment systems. We offer white-label card issuance platforms, seamless integration with existing infrastructure, and comprehensive support for both digital and physical cards. Our mission is to empower companies—startups and enterprises alike—to enhance their financial services and elevate customer experiences. Recognized as a leader in the FinTech industry, Wallester is known for its state-of-the-art technology, security, and scalability.

Work responsibilities
1. Compliance Management & Monitoring

• Support the Compliance function in accordance with established procedures and the internal policy document "Compliance Management and Reporting Framework".

• Monitor regulatory compliance, internal control processes, and reporting in line with applicable laws and Wallester's internal procedures.

• Identify, assess, and report compliance risks within your area of responsibility.

• Implement and report on activities mitigating compliance risks.

• Conduct internal controls, report findings, propose mitigation measures, and follow up on corrective actions.

2. Policy & Procedure Development

• Develop, review, and maintain compliance-related policies, procedures, and training materials.

• Ensure timely adaptation of internal policies and procedures in response to new laws, regulations, or scheme requirements.

• Ensure business functions meet and maintain compliance standards across all operations.

3. Risk Assessment

• Conduct risk assessments of existing clients, partners, or business projects within your area of responsibility or as assigned by your direct manager.

• Evaluate and monitor compliance-related risks tied to products, services, and third-party relationships.

4. Reporting & Communication

• Support the Head of Compliance and internal stakeholders with data collection and information requests from external auditors, examiners, or partners.

• Prepare and submit required reports, notifications, and certifications to regulatory bodies and payment schemes.

• Act as the primary contact point with Visa, Mastercard, SEPA, and other payment schemes for compliance-related matters.

5. Payment Schemes Compliance

• Monitor and interpret Visa, Mastercard, SEPA, and other payment scheme rules to ensure company-wide compliance.

• Assess the impact of regulatory and scheme rule changes on company operations, systems, and products.

• Identify and assess risks related to non-compliance with payment scheme rules.

• Conduct internal audits and reviews to ensure compliance and recommend corrective actions.

• Support investigations and resolution of payment scheme compliance violations or remediation requests.

6. Training & Awareness

• Compile and maintain training materials in relevant compliance areas.

• Develop and deliver training programs for internal teams on compliance requirements and payment scheme rules.

• Ensure all stakeholders are informed about new compliance obligations, industry updates, and best practices.

7. Cross-Department Collaboration

• Establish and maintain effective relationships with other departments and teams relevant to your area of responsibility.

• Offer proactive compliance support during the development of new products and services.

• Perform other compliance tasks assigned by your direct manager as needed.

Requirements

• At least 3+ years of experience working in a financial institution as a compliance specialist
• Degree in Law is a plus
• Strong and broad understanding of compliance laws, regulations, and industry standards
• Excellent analytical skills and attention to detail
• Excellent written and oral communication skills in English; working proficiency in Estonian, and Russian is a plus
• Strong sense of responsibility
• Willing to learn and develop in the Compliance area

Company offers

• Competitive salary
• Career opportunities
• Medical Insurance upon the completion of probational period
• Supportive and caring Leadership
• A modern office in the center of Tallinn
• A chance to work as part of a highly motivated and talented team
• Referral program
• Stebby compensation
• Team building and Company Events
• Free parking

---