EU Payment Services Directive (PSD2) for Compliance Officers
What does EU Payment Services Directive (PSD2) require of a Compliance Officer?
Compliance Officers ensure the organisation meets its regulatory obligations. Under EU Payment Services Directive (PSD2), which defines 19 controls, the work that lands on a Compliance Officer is deciding which controls you own outright, which you share, and which belong to another team, then holding evidence for the first group.
Which EU Payment Services Directive (PSD2) controls land on the Compliance Officer
Compliance Officers ensure the organisation meets its regulatory obligations. They manage audit programmes, maintain evidence repositories, track regulatory changes, and coordinate across business units to sustain compliance posture.
EU Payment Services Directive (PSD2) defines 19 controls across 6 domains that directly affect the Compliance Officer role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a Compliance Officer is accountable for under EU Payment Services Directive (PSD2)
Monitoring regulatory changes and assessing their impact on the organisation
Managing internal and external audit programmes and evidence collection
Maintaining compliance documentation, policies, and control frameworks
Coordinating with business units to implement and maintain required controls
Reporting compliance status to senior leadership and regulatory bodies
Where Compliance Officers lose time on EU Payment Services Directive (PSD2)
These are the most common obstacles Compliance Officers face when managing EU Payment Services Directive (PSD2) compliance, and how to address them:
Challenge 1
Tracking overlapping requirements across multiple regulatory frameworks
Challenge 2
Collecting evidence from multiple teams and systems for audit readiness
Challenge 3
Keeping policies and procedures current as regulations change
Challenge 4
Demonstrating compliance ROI to justify programme investment
Challenge 5
Managing the volume of regulatory change across jurisdictions
A working order for a Compliance Officer starting on EU Payment Services Directive (PSD2)
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against EU Payment Services Directive (PSD2). Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map EU Payment Services Directive (PSD2) controls against other frameworks you already comply with. EU Payment Services Directive (PSD2) maps to 3 other frameworks in our database.
3. Build Your Toolkit
Equip yourself with EU Payment Services Directive (PSD2) toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Compliance Officers managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
EU Payment Services Directive (PSD2) in your sector
Who else owns part of EU Payment Services Directive (PSD2)
Questions Compliance Officers ask about EU Payment Services Directive (PSD2)
What does a Compliance Officer need to know about EU Payment Services Directive (PSD2)?
How does EU Payment Services Directive (PSD2) affect the Compliance Officer role?
What are the biggest EU Payment Services Directive (PSD2) challenges for Compliance Officers?
How should a Compliance Officer prepare for a EU Payment Services Directive (PSD2) audit?
What tools help Compliance Officers manage EU Payment Services Directive (PSD2) compliance?
Compliance Officer: How ready is your organisation for EU Payment Services Directive (PSD2)?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.