FCC Manager

Mastercard • Purchase, NY

18d

About The Position

Mastercard Transaction Services (MTS) and its subsidiaries are the legal entities under which all Mastercard’s licensed money transfer and payment initiation services will be conducted, reporting into the Commercial and New Payments Platform (CNPF) division. The MTS business unit and the MTS shared services functions are housed under the umbrella of MTS and are comprised of components central to the activities of a licensed payment services firm. These components include: • Payment/Money transmitter licenses for operating payments business in defined jurisdictions • Contract definition (associated T&Cs) specific to the MTS entity and its umbrella geographies • Associated settlement accounts and other services for the relevant MTS entity • Compliance services including, but not limited to, due diligence, real-time sanctions screening/AML/fraud management, etc. • Regulatory reporting to the relevant regulators on behalf of the regulated business and its subsequent activities MTS US is the authorized and regulated licensed entity within Mastercard Transaction Services (MTS) in the United States through which regulated payments activity is undertaken for our US-based customers and others around the world. MTS is a division within Mastercard that undertakes payments business wherever a product or business function requires regulated support. MTS is seeking a Financial Intelligence Unit Financial Crimes Compliance (“FCC”) Manager who will assist the AML/CFT and Sanctions Officer (“AMLO”) coordinate and maintain a robust AML/CFT/Sanctions program in alignment with US AML/CFT regulations, including the Bank Secrecy Act, USAPA, AMLA, FinCEN, OFAC issued guidance, internal standards, and regional sanctions reporting obligations. Additionally, the candidate will drive overall improvements in the financial crimes compliance program through consistently innovating and problem-solving in the Compliance arena, focusing not just on effectiveness, but also efficiency. The ideal candidate is passionate about the optimized compliance, understands the end-to-end workings of an AML/CFT and sanctions compliance program, highly motivated, intellectually curious, analytical, and possesses an entrepreneurial mindset. He or she also has a deep understanding of the AML/CFT/Sanctions regulatory and operational framework. The FCC Manager must be knowledgeable and skilled in the relevant AML/CFT/Sanctions Compliance areas. The FIU Manager will assist the AMLO for North Americas to develop management information systems for regular reporting, including to the MTS US Board and Management Committee on the status of the FCC program and its organization. The role will ensure, inter alia, that the Sanctions compliance program is well-designed and operational, that the Financial Intelligence Unit (“FUI”) for SAR reporting is meeting its regulatory obligations, and that KYC profiles are complete. The role will also assist in ensuring the transaction monitoring and sanctions filtering programs are compliant with NYSDFS Part 504. This role requires working as part of a geographically diverse team and a matrix structure collaborating with multiple stakeholders across MTS and the wider Mastercard organization. This role demands excellent, clear, and articulate communication skills, both verbal and writing, and the ability to clearly and concisely communicate issues, regulations, and processes. MTS is poised for further expansion and now requires a seasoned FCC Manager to drive process improvement (both effectiveness and efficiency) within the MTS control framework.

Requirements

• Confident verbal and written communication skills with the ability to deliver consistent messages to all levels of the company.
• Experience with DFS Part 504 Transaction Monitoring and Sanctions Filtering Requirements
• Excellent written and oral communication skills for documentation, reports, and presentations
• Minimum 5–7 years of experience in AML/CFT compliance, preferably in a regulated financial institution or fintech.
• Capable of process identification and mapping
• Working knowledge of SharePoint development
• Digitally aware and experienced with process improvement, automation of manual processes, and use of technology to generate efficiencies and scalable outcomes
• Highly competent in the use of MS Office tools (PowerPoint, Excel, Visio)

Nice To Haves

• Preferred experience in the cryptocurrency AML/CFT and sanctions monitoring space

Responsibilities

• Ensure sanctions alerts are resolved or escalated according to clear standards.
• Meet sanctions reporting obligations, including, as necessary, filing of OFAC block, reject, and annual blocked property reports.
• Review sanctions policies and procedures, benchmarking them against industry practices and regulatory guidance
• Prepare sanctions metrics, trend analysis, and thematic reporting for inclusion in Board and Management reporting packages
• Ensure continuation SARs, supplemental SARs, and voluntary SARs are filed as required, including maintaining appropriate documentation of continuing suspicious activity.
• Coordinate with the BSA/AML Officer to prepare SAR metrics, trend analyses, and thematic reporting for inclusion in Board and Management reporting packages.
• Report and work closely with the Vice President, BSA/AML Officer for North Americas to determine the effectiveness and efficiency of the FIU Program and its ability to identify, detect, deter, and report suspicious activity.
• Maintain strict controls over SAR information consistent with 31 U.S.C. § 5318(g)(2), including information‑barrier protocols, restricted access controls, and documented sharing procedures.
• Train internal stakeholders on the legal prohibition against disclosing SARs or SAR‑related information to customers, external partners, or non‑authorized internal staff.
• Ensure any SAR‑related data housed across systems, SharePoint environments, or case management systems is secured, access‑controlled, and monitored for improper access or disclosure.
• Manage the FIU’s case load and members to ensure SLAs are met and obligations are fulfilled
• Review laws, regulations, and FinCEN advisories that impact the MTS compliance requirements, with emphasis on red flags and typologies.
• Maintain FIU compliance policies, programs, and procedures.
• Contribute, as a key member of the MTS US Financial Crimes Compliance leadership team, to the development and implementation of the wider compliance strategy, including staffing.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed