Address Our Purpose
We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a
culture of inclusion
for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results. Title and Summary
Vice President, Anti-Financial Crime Compliance and Risk Who is Mastercard? Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential.
Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Overview
Leveraging Mastercard’s global payments network, our account-to-account business provides domestic and cross-border solutions to enable the frictionless future of payments. We help our customers leverage rich messaging functionality and applications to capture business and consumer payment flows both domestically and cross-border; offer solutions to connect, enable, and safeguard the Open Banking ecosystem, and protect banks and their customers from financial crime. All this is supported by account-based data insights and consulting to help our clients optimize their payment strategies across the world. The Open Banking team is looking to expand its product offering on a global basis.
At Mastercard we are committed to the highest standards of ethics and integrity. Ethics and Compliance are at the core of our company values and are essential to both the personal success of every Mastercard employee and to the success of the company. The Vice President, Anti-Financial Crime Compliance and Risk, will be responsible for driving efficiency and accountability across the European Open Banking Compliance organization, creating strategic alignment, driving governance and Risk management initiatives across the region. The role will provide expert leadership and direction to identify and implement best compliance practices and standards.
Role
- Defining and executing Open Banking's Europe Anti-Money Laundering/ Financial Crime program transformation strategy and program. This includes partnering with lines of defence to define processes, tools, controls to support interim and target state solutions.
- Providing compliance advisory and subject matter expertise to support business expansion and growth (i.e., new product development, new markets and customer types)
- Ensuring all activities, customers, transactions, and third-party relationships are appropriately, assessed, screened and monitored for financial crime and regulatory compliance risks.
- Ensuring investigation and reporting of suspicious activity and potential sanctions violations or export control breaches to the relevant authorities.
- Managing relationships with regulators, auditors, and other internal and external stakeholders.
- Driving ongoing improvement and efficiency in Compliance and Risk management activities and operations.
- Remaining current with changes in financial crime regulations and industry best practices.
All About You
- Bachelor's degree, Law degree preferred.
- Extensive experience in AML, Sanctions, Fraud, and Export Controls compliance in a global financial institution, multinational corporation, money services business, payment service provider.
- Strong knowledge of AML, Sanctions, and Export Controls regulations and industry standards, including OFAC, EU, UN sanctions regimes, and US, UK and EU export control laws and regulations.
- Extensive experience leading and executing compliance programs, including design, implementation and oversight of controls
- Strong understanding of corporate governance and regulatory issues that could affect an organization
- Proven ability to work independently and manage multiple projects simultaneously.
- Strong business acumen and solutions orientated.
- Experience interacting with senior management and board.
- Fluent in English, additional languages are a plus.
Corporate Security Responsibility
Every person working for, or on behalf of, Mastercard is responsible for information security. All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and therefore, it is expected that the successful candidate for this position must:
- Abide by Mastercard’s security policies and practices;
- Ensure the confidentiality and integrity of the information being accessed;
- Report any suspected information security violation or breach, and
- Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
- Abide by Mastercard’s security policies and practices;
- Ensure the confidentiality and integrity of the information being accessed;
- Report any suspected information security violation or breach, and
- Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.
