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
Manager, Legal 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 Transaction Services
MTS is an organization within Mastercard for regulated payment activities that ensure compliance with all regulatory obligations associated with holding funds transfer licenses.
Job Description:
- Works to achieve objectives and deliver results of compliance programs, and develop expertise in a compliance area (e.g., anti-money laundering, trade sanctions and controls, M&A governance, anti-corruption, business conduct, or data management).
- Initiates, builds, and maintains strong relationships with internal partners and external customers to identify and measure potential risks to Mastercard's business.
- Supports large or cross-functional projects, typically working on a specific work stream or activity with multiple stakeholders.
Responsibilities:
- Lead and manage a team of transaction monitoring analysts, providing guidance, training, and support to ensure the team's efficiency and effectiveness.
- Stay up to date with AML and fraud prevention regulations and ensure the team's activities align with all applicable laws and standards.
- Evaluate and implement transaction monitoring technology and tools to enhance the team's capabilities and efficiency.
- Ensure timely identification and escalation of suspicious activities under tight deadlines.
- Maintain comprehensive records, reports, and documentation related to transaction monitoring activities for audit and regulatory purposes.
- Develop and deliver training programs to the team and other relevant departments to ensure awareness of transaction monitoring procedures and requirements.
- Conduct risk assessments and develop strategies to mitigate risks associated with transaction monitoring.
- Collaboration with other departments, such as Due Diligence, Legal, Tech, FIU, and Risk Management, to ensure a coordinated approach to transaction monitoring and compliance.
- Balance thorough investigations with high-volume alert queues and number of resources.
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 come 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 training courses 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.
