Vice President, Legal Compliance

Mastercard•New York, NY

About The Position

At Mastercard, we are committed to protecting our network from being used to facilitate money laundering or terrorist financing. The AML Compliance team actively participates in the development and implementation of a robust compliance program that is designed to meet our regulatory obligations and ensure that internal and external constituents understand and respect the importance of their responsibilities regarding this function. The role of the “Americas AML Compliance Lead” will be to develop relationships with key internal business partners as well as external customers to identify and measure potential AML risk to Mastercard and work together to find mutually agreeable solutions to mitigate such risk. This person will serve as the single point of contact for oversight and implementation of the AML Program across the Americas (US, Canada, Central America, Southern America) region while reporting progress or escalating incidents of noncompliance to the Global Mastercard AML Officer.

Requirements

Bachelor’s degree required
Must have experience managing a regulatory compliance program
Intimate knowledge of BSA/AML compliance program requirements
Sound judgment with ability to build rapport at all levels, and in all business units; proven ability to persuade and drive results
Proven ability to work independently or as a team player and function effectively in a dynamic, fast paced environment while handling multiple projects and consistently meeting deadlines
Superior attention to detail, problem-solving, organizational and written/verbal communication skills

Nice To Haves

Knowledge of banking/financial operations, transaction processing and/or payments-related industry experience is preferred

Responsibilities

Develop relationships and work cross functionally with franchise development, franchise integrity, product specialists, legal and regulatory counsel, and business partners at all levels within the organizational hierarchy to assess potential AML risk to Mastercard and implement controls to manage such risk during the onboarding of customers, creation or implementation of new products/programs and during mergers, acquisitions, and investment events
Perform customer identification, verification and monitoring procedures on new and existing customers to ensure adherence to Mastercard AML Standards and requirements
Provide support during the customer and/or product lifecycle to evaluate potential AML risk associated with new or enhanced product offerings. Work with key business teams to develop solutions for meeting customer business needs and advancing Mastercard strategic initiatives while minimizing potential money laundering risk to Mastercard and other network participants
Create and deliver engaging educational sessions designed to reinforce Mastercard’s AML Compliance principles throughout the evolution of the business
Participate in all M&A and investment transactions from due diligence phase to integration in order to identify and manage potential AML compliance risk
Establish regional AML Compliance standards as may be necessary to support local compliance requirements such as that which relates to our regulatory obligations in Americas region.
Provide input to quarterly/annual AML Program Risk Assessment in order to account for activity within the Americas region
Establish and maintain AML Compliance Program tracking and metrics to identify trends and establish action items for program preservation and enhancements; provide regular reporting to Global Mastercard AML Officer

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
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 and may be eligible for an annual bonus or commissions depending on the role.