Director, Open Banking, Strategy, Risk Governance and Operations

Director, Open Banking, Strategy, Risk Governance and Operations Overview:
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 optimise 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 Director, Risk and Compliance, Open Banking will be responsible for driving efficiency and accountability across the Open Banking Risk and Compliance organization, creating strategic alignment, driving governance and risk management initiatives globally. The role will provide expert leadership and direction to identify and implement best practices in compliance and risk. The successful candidate will work cross-functionally with colleagues including, Product, Regulatory Affairs, Legal Counsel, Privacy/Data Usage, Global Ethics and Compliance and Internal Audit. The team also is responsible for agile transformation for risk and process management, program governance.

Role

• Support Risk & Compliance strategy implementation with coordination and collaboration across different markets/ regions
• Trusted partner who works with the VP, Risk and Compliance to set strategic priorities

• Create deep relationships with key product/program leaders to build a collaborative partnership in ensuring alignment of Risk and Compliance strategy across related Open Banking products.• Helps the team in its pursuit of being a more agile, connected, efficient, and effective organization

• Leads development of clear presentations and communications to a variety of audiences
• Develops and maintains internal and external reporting program to ensure compliance with relevant obligations
• Leads strategic projects and risk governance initiatives (i.e., consolidated business risks frameworks, API risk governance program, reseller engagement program)
• Oversees local governance activities and drive consistent practices designed to identify, measure, monitor, report and manage risks
• Oversees key technology platforms and tools
• Leads integration activities and strategic partner initiatives (e.g., Start Path)
• Leads business continuity and records management protocols
• Leads development, implementation, documentation, and maintenance of a compliance risk analytics program with respect to Open Banking and API operations
• Oversees training programs and ensure adherence to global training standards
• Oversees shared services activities
• Actively drives engagement across lines of defense and monitor progress through target state execution of ERM operating model

All About You

• Knowledge of Anti-Money Laundering and Payment Services Regulations.
• Ability to interpret regulations and guidance to assess impact and develop practical operational procedures to ensure ongoing compliance.
• Experience executing compliance programs, including design, implementation and oversight of controls
• Experience of identifying, assessing, measuring, and reporting compliance risks
• Self-starter who takes ownership, prioritizes, manages multiple time-sensitive projects, and can meet competing deadlines with little guidance or oversight; ability to bring together multiple stakeholders to help drive decisions
• Adaptability and enthusiasm to modulate between supporting Risk and Compliance management and leading large cross-functional projects
• Able to navigate ambiguity and vacillate between high-level strategic and ground-level tactical thinking with an eye towards “connecting dots” and identifying/evaluating organizational opportunities and challenges
• Tech savvy with excellent organizational/project management skills, attention to detail, with a relentless focus on setting priorities, managing processes, and delivering results under tight deadlines and with competing priorities
• Able to build strong relationships, highly collaborative, excellent active listening skills
• Strong written and verbal communication skills.
• Knowledge and experience of Open Banking products would be beneficial.
• Formal Compliance certification, e.g. ACAMs or ICA or industry equivalent would be preferable.
• Preferred locations are Purchase, NY or St Louis, MO

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
• Complete all periodic mandatory security training in accordance with Mastercard’s guidelines

In the US, Mastercard is an inclusive Equal Employment 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. If you require accommodations or assistance to complete the online application 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.

• 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.

Westchester County Salary Range: $137,000 - $212,000