VP - Open Finance Risk and Compliance

MasterCard•Purchase, NY

61d

About The Position

The Services team and solutions fuel growth for partners globally by providing cutting edge services in the areas of Customer Acquisition and Engagement, Security Solutions, Business and Market Insights, and Open Banking. Focused on thinking big and scaling fast, our agile sales team is responsible for end-to-end solutions for a diverse global customer base including retailers, airlines, hotels, tourism agencies, public sector entities, restaurants, consumer goods and telecom companies. 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 Finance 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 optimize their payment strategies across the world. The Open Finance team is looking to expand its product offering on a global basis. The Vice President, Compliance of Open Finance will be responsible for driving efficiency and accountability across the U.S. Open Finance Compliance organization, creating strategic alignment, and leading governance and risk management initiatives. This role will provide expert leadership and direction to identify and implement best compliance practices and standards. The VP will lead compliance strategy and oversight for Open Finance in the United States, ensuring alignment with applicable U.S. laws and regulations while supporting business growth.

Requirements

Extensive experience in AML, Sanctions, Fraud, and Export Controls compliance in a global financial institution, multinational corporation, money services business, payment service provider.
Extensive experience leading and executing compliance programs, including design, implementation and oversight of controls
Strong understanding of corporate governance and regulatory issues that could affect an organization
Strong knowledge of U.S. regulations, including BSA/AML, OFAC, GLBA, CFPB Open Banking, and state privacy laws.
Proven ability to work independently and manage multiple projects simultaneously.
Strong business acumen and solutions orientated.
Experience interacting with senior management and board.
Fluent in English, additional languages are a plus.
Bachelor's degree, Law degree preferred.

Nice To Haves

Compliance certifications (CAMS, CRCM, CIPP/US) preferred.

Responsibilities

Define and execute Open Finance compliance strategy for the U.S., including BSA/AML, OFAC, GLBA, CFPB Open Banking rule, and state privacy laws (CCPA/CPRA).
Provide compliance advisory and subject matter expertise for new products, markets, and customer types.
Oversee compliance activities, including risk assessments, monitoring, and issue management.
Ensure all activities, customers, transactions, and third-party relationships are assessed and monitored for regulatory compliance risks.
Lead design and implementation of compliance systems, tools, and controls, including transaction monitoring and KYC processes.
Manage regulatory relationships and support audits, exams, and inquiries.
Drive continuous improvement in compliance operations and reporting, including KPIs and KRIs.
Stay current on regulatory developments and industry best practices in Open Finance and consumer compliance
Support the business by ensuring a pragmatic and risk-based approach to Compliance
Responsibility for leading a motivated team, supporting their development and driving delivery of key priorities at pace
Proactively identify areas of improvement to increase productivity and effectiveness across key controls and processes

Benefits

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.

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