Director, Regulatory Compliance Job Listing at Mastercard in Atlanta, GA (Job ID R-244407)

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 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.

Mastercard's Open Banking solutions are revolutionizing how individuals and businesses access financial data. By creating secure connections between financial institutions, fintechs, and consumers, these solutions promote transparency, innovation, and financial inclusion. Key to building and maintaining trust is ensuring compliance with open banking regulations while fostering strong, collaborative relationships with regulators.

Overview

The Regulatory team is looking for a Director, Regulatory Compliance to lead our global open banking regulatory compliance team. The ideal candidate is a regulatory compliance champion with deep experience with building and supporting regulatory compliance management programs and a background in US open banking and/or credit reporting regulation.

The position will dual report to the Senior Managing Counsel, Open Banking, and Vice President, Head of Regulatory Compliance.

The ideal candidate is a strong people leader with the ability to effectively manage a global team of regulatory compliance specialists. He/she will need to think and act both strategically and tactically with respect to the needs of business clients and their objectives, while ensuring that the company remains compliant with regulatory requirements pertaining to our open banking activities.



Role

- Manage team of regulatory compliance specialists who support Mastercard's open banking business in different jurisdictions across the globe.
- Provide subject matter expertise with respect to operational requirements, policies, and procedures to comply with applicable US regulatory obligations, including 1033, FCRA, and UDAAP.
- Design and implement solutions for ensuring regulatory compliance in the US, EU, UK, and other jurisdictions, efficiently at scale. Collaborate with other internal stakeholders to help design controls, including for data environments used to support open banking products and services.
- Manage regulatory supervision and maintain strong relationships with key regulators to drive the expansion of our open banking strategy.
Develop and conduct training programs to ensure business teams and other internal stakeholders understand regulatory obligations and best practices.
- Maintain and update compliance documentation, including policies, procedures, and guidelines, ensuring alignment with evolving regulatory landscapes.
- Actively participate in cross-functional workshops to identify and mitigate regulatory risks associated with new open banking initiatives.
- Track and analyze emerging regulatory trends and provide strategic insights to support the company's open banking goals and objectives.
- Establish a comprehensive second-line control assurance framework, aligned to Mastercard's global regulatory control assurance program, to periodically evaluate the effectiveness of compliance controls. Manage remediation efforts.
- Coordinate regulatory examinations and manage responses.
- Manage applicable regulatory licensing applications and renewals.

All About You

- Bachelor's degree is required; CRCM certification preferred.
- Experience in banking and/or lending regulatory compliance.
- Significant experience as a people leader, ideally in a hybrid environment.
- Strong knowledge of U.S. consumer protection regulations (e.g. FCRA, UDAAP), FFIEC standards, and industry best practices.
- Knowledge of CFPB's 1033 Rule preferred.
- Ability to analyze FCRA implicated data for compliance reviews and audits.
- Experience building compliance management systems, including performing compliance risk assessments, and performing regulatory compliance reviews.
- Ability to thrive in a fast-paced, agile environment
- Experience managing cross-functional stakeholders in a large, matrixed organization
- Creative thinker able to support innovation while still managing risk.
- Strong analytic capabilities and written and oral communication skills.
- Exceptional interpersonal skills with proven experience in relationship building and partnering with legal, business, and technical colleagues.
- Ability to motivate and influence highly-skilled professionals to achieve major organizational goals.

Salary range:
$163,000-261,000 Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact reasonable_accommodation@mastercard.com and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

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.

In line with Mastercard's total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance), flexible spending account and health savings account, paid leaves (including 16 weeks new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 5 personal days, 10 annual paid U.S. observed holidays, 401k with a best-in-class company match, deferred compensation for eligible roles, fitness reimbursement or on-site fitness facilities, eligibility for tuition reimbursement, gender-inclusive benefits and many more.

Pay Ranges

Atlanta, Georgia: $135,000 - $216,000 USD

 Apply on company website