Description
Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Director, Regulatory Compliance Job Description SummaryWho 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.
Mastercard Transaction Services (MTS) is a global licensed payments company that powers our regulated payments products that enable our customers to send and receive funds in over 125 countries. Our applications deliver compliance, risk management, currency conversion, liquidity management and multi-format messaging solutions to our clients, which include banks, financial institutions, e-commerce companies, and service marketplaces.
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
The Regulatory team is seeking an experienced regulatory compliance professional to lead the MTS regulatory compliance program for our Europe, Middle East and Africa, and Asia Pacific regions.
The ideal candidate is a seasoned compliance champion and people leader, with demonstrated experience overseeing regulatory compliance programs in the payments space.
Role
The Director, Regulatory Compliance will lead a team charged with executing the regulatory compliance strategy for our regulated payments activity and ensuring compliance with payment services regulations and licensing obligations in the covered regions. The role will require strong leadership, collaboration and execution to ensure regulatory compliance across the business.
Key activities include:
• Drive the Mastercard Transaction Services regulatory compliance strategy.
• Lead a team of regulatory compliance professionals to meet local regulatory compliance requirements.
• Oversee, with the support of key internal stakeholders (e.g., AML Compliance, Information Security, Technology, Finance), ongoing regulatory supervision including reporting, change, and examinations.
• Manage relationships with supervisory regulators
• Provide subject matter expertise on the implementation/enhancement of controls (e.g., policies, processes, procedures) to ensure compliance with applicable law.
• Provide periodic reports to senior management on emerging regulatory obligations and the state of the regulatory compliance program
• Identify and manage regulatory changes, assisting product owners to develop creative solutions to address new requirements
• Maintain strong industry knowledge of regulations, changes, trends and impacts to the business.
All About You
• Proven track record in developing and managing regulatory compliance programs for large banks or non-bank financial institutions.
• Experience managing regulator supervision.
• Solution-oriented and able to work flexibly, under pressure, and with tight deadlines.
• Excellent English written and verbal communication skills.
• Proven success in navigating a multi-national organization and operating effectively within a diverse multicultural organization.
• Knowledge of EU and/or AP payment services regulations and license requirements is 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.
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