Job Summary

Total experience

18+ years in retail banking / consumer credit

Credit experience

10+ years in consumer credit and credit card product implementation for banks in Spain

Greenfield

At least one launch of a credit card or consumer lending product from scratch, including scheme, processor and regulatory approvals

Core banking

Hands-on with credit engines / card management and their integration with core banking and collections

Seniority

Expert; owns the credit and cards workstream end to end

About the programme

Greenfield digital bank being licensed in Spain (ECB / Banco de España) with a payments-first proposition: instant account opening, SEPA SCT / SCT Inst, Bizum, tokenised cards, cross-border via correspondents. Year 1 launches on sponsor-bank and processor rails; Years 2-3 bring SWIFT, credit, and direct participation in Iberpay / T2 / TIPS.

Location: Madrid (hybrid); travel to Spanish and EU sites as required. Working languages: Spanish (professional) and English (professional). Contract: full-time, 24-36 month programme with permanent conversion possible.

Role summary

Design and launch the bank's credit proposition in Spain - credit cards first, then instalments and personal loans - on a processor-hosted issuing model, and make it defensible under Spanish consumer-credit rules. You bring the product, the risk and the implementation together: scheme membership and certifications, credit decisioning, billing and revolving mechanics, collections, and the conduct requirements Banco de España will test.

Key Responsibilities

- Define the credit card and consumer credit product set (charge, revolving, instalments/BNPL at checkout), pricing and terms compliant with Ley 16/2011, Orden ETD/699/2020 and Banco de España Circular 4/2020, with APR benchmarking against Banco de España averages and usury case law.

- Lead scheme and processor implementation: Visa/Mastercard membership model (affiliate vs. principal), BIN strategy,



issuing processor selection and onboarding, STMP/Redsys certification, network certification, personalisation bureau, tokenisation (VTS/MDES, Apple Pay/Google Pay) and 3-D Secure ACS for SCA.

- Design credit decisioning and limit management: affordability and solvency assessment, bureau data (ASNEF, Experian, CIRBE), scorecards, limit strategy, anti-fraud at application.

- Own billing, statements, revolving and instalment mechanics, interest and fee computation, minimum-payment illustration and annual amortisation statements required for revolving products.

- Define collections and recoveries, forbearance, and the customer-communication rules; integrate with core banking, GL, CIRBE reporting and the SEPA rails (SDD for repayments).

- Lead PCI DSS scoping with Security (processor-hosted data, tokens), PCI PIN and PCI 3DS requirements, and the scheme risk/dispute programmes (chargebacks, fraud thresholds).

- Run product and certification testing: authorisation, clearing and settlement cycles, billing cycles, dispute flows, wallet provisioning; pilot with employees and controlled customer cohorts.

- Prepare the conduct evidence for Banco de España and the internal Consumer Duty-style outcome monitoring; handle complaints policy for credit products.

Skill Requirements

- + years in consumer credit / credit card product management and implementation in Spain, including at least one end-to-end card issuing launch.

- Expert knowledge of Spanish consumer-credit regulation: Ley 16/2011, revolving transparency (Orden ETD/699/2020, Circular 4/2020), CIRBE reporting,



interchange caps (EU 2015/751 and Ley 18/2014), usury jurisprudence and its practical pricing implications.

- Hands-on with Visa/Mastercard membership and certification processes, STMP/Redsys or Cecabank, issuing processors (Redsys, Cecabank, Worldline, Fiserv, Thredd or similar), card management and credit engines.

- Credit risk lifecycle: decisioning, bureau integration, limit management, collections, provisioning inputs.

- PCI DSS/PIN/3DS awareness sufficient to scope and lead assessments with Security; EMV 3-D Secure and SCA under PSD2.

- Core banking and GL integration for credit products; SEPA Direct Debit as creditor for repayments.

- Greenfield delivery experience in a licensed bank or payment/credit institution.

Strongly preferred

- Instalments/BNPL at checkout, Bizum-linked or wallet-native credit experience.

- Debit card issuing experience for the Year-1 launch.

- Data and model governance for scorecards (explainability, EBA loan-origination guidelines).

Certifications

- No mandatory personal certification; valued: PCI Professional (PCIP), scheme academy certifications, FRM/CFA for risk-heavy profiles.

Languages

- Spanish: native or C1 - mandatory (customer documentation, Banco de España, Spanish counsel).

- English: professional working proficiency (schemes and processors).

What success looks like in the first 12 months

- Debit card in wallet at onboarding live at launch; credit card product approved by Risk, Legal and Banco de España conduct review.

- Visa/Mastercard, STMP/Redsys and wallet certifications passed; PCI DSS scope agreed and first assessment scheduled.

- Credit card pilot live with employees; billing, revolving and collections cycles proven; CIRBE reporting in production.

- Zero conduct findings; pricing benchmarked and documented against usury thresholds.

Must Have Skill

Temenos Transact,Spanish - Spain

Good to Have Skill

Other Requirements

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