Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, weāre helping build aĀ sustainableĀ economy where everyone can prosper. We support a wide range of digital payments choices, making transactionsĀ 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
Vice President, Financial Crimes Compliance Strategy and Governance
Location
Purchase, New York
Overview
At MasterCard, we are committed to protecting our network from being used to facilitate money laundering or terrorist financing, and to ensure that Sanctions and Export Controls requirements are met. The Global AML, Sanctions and Export Compliance teams have implemented robust compliance programs that are designed to meet regulatory obligations and ensure that internal and external constituents have robust programs in place to meet Mastercard and/or regulatory requirements.
Reporting to the Senior Vice President, Counsel ā Global Compliance AML, Sanctions and Export Controls, the role of Vice President, Financial Crimes Compliance Strategy and Governance - AML, Sanctions and Export COE Advisory, Law and Franchise Integrity (LFI) will lead efforts to identify and understand the risks associated with money laundering, sanctions and export controls, and how Mastercard can best mitigate those risks. Efforts will include developing an understanding of Mastercardās products and business strategy, and factoring in risk criteria and regulatory obligations to determine appropriate handling of the risk.
Role
ā¢ Lead enterprise risk assessment process for money laundering, sanctions and export controls related risks, including updating and documenting methodology
ā¢ Lead change management control process for Compliance COE processes
ā¢ Lead ongoing maintenance of relevant policies, standards and procedures
ā¢ Support merger and acquisition activity
ā¢ Lead development and implementation of program enhancements
ā¢ Assist in root cause analysis process
ā¢ Assist in developing and providing training
ā¢ Maintain matrix on existing regulatory obligations
ā¢ Anticipate changes to regulatory landscape and proactively evaluate expected impacts
ā¢ Assist in developing and presenting senior management reporting
ā¢ Assist in managing regulatory examinations and internal audit reviews
Skills & Qualifications:
ā¢ Bachelor degree required, JD/Masterās preferred or equivalent experience working within a Financial Crimes Compliance environment or having job responsibilities related to or interacting with AML or Sanctions functions
ā¢ Required to have extensive domain expertise in the areas of anti-money laundering and sanctions
ā¢ Required to have operational experience managing AML/Sanctions related processes relating to risk assessments, know your customer onboarding, transactions monitoring and training
ā¢ Required to have experience advising internal clients on AML and Sanctions related issues
ā¢ Demonstrated ability to manage and work independently, effectively and efficiently in a fast paced environment
ā¢ Ability to prioritize and manage multiple assignments
ā¢ Self-motivated with excellent organizational skills and in-depth analytical skills
ā¢ Ability to conceptualize new ideas and complex technical matters quickly
ā¢ Ability to monitor and interpret information for decision-making and presentation
ā¢ Ability to meet schedules and deadlines with thorough, accurate and quality work products
ā¢ Ability to remain flexible in a demanding work environment and adapt to rapidly changing priorities
ā¢ Excellent written, oral, listening and presentation communication skills to effectively communicate with all levels of the organization and consultants
ā¢ Very comfortable with public speaking and presenting to senior management
ā¢ ACAMS Certification preferred
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 Mastercardās 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 Mastercardās guidelines.
In line with Mastercardās total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. 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 of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 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; and many more. Mastercard benefits for interns generally include: 56 hours of Paid Sick and Safe Time; jury duty leave; and on-site fitness facilities in some locations.
Pay Ranges
Purchase, New York: $221,000 - $353,000 USD