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
Compliance Officer & MLRO UK
Role
AML and sanctions laws and regulations impose growing AML & sanctions controls on obliged entities. To assist in those tasks, MTS (UK) is looking for a Compliance Officer & MLRO for MTS (UK).
The successful candidate will manage the AML/CTF & Sanctions execution of the MTS UK Compliance program, under the supervision of the MTS VP Legal Compliance for the Region. The role’s main responsibilities include review and escalations concerning prospects and/or existing customer due diligence and high-risk activities, drafting and maintaining policies and procedures, internal and external reporting activities, participation to various compliance impact assessments & projects, etc...
The candidate must have the ability to think and act both strategically and tactically and be able to partner and work cross-functionally with the various business and operations departments across Mastercard.
Key Responsibilities
- Provide advice on UK compliance laws, rules and standards and monitor the evolution of the regulatory compliance environment
- Develop a compliance program for MTS (UK) that outlines the planned implementation and review of policies and procedures, the compliance risk assessment, the compliance testing and the compliance training, in alignment with the wider MTS & Mastercard compliance frameworks
- Tracks ongoing measurement and monitoring of compliance program efforts and controls, including compiling data or metrics for reporting
- Analyzes and investigates potential compliance risks to minimize adverse financial impact and lawful liability
- Report on compliance risks to the management & Board, on a regular basis
- Supports or execute of large scale compliance projects, often working closely with internal stakeholders (e.g., market or business leader, legal counsel, etc.)
- Acts as the main liaison in a compliance area and works to elevate stakeholders' understanding of legal and regulatory responsibilities in day to day operations
- Serves as the go-to person in the resolution of routine issues/tasks within a compliance area, typically escalates or seeks advice on non-standard/complex issues
- Verify the compliance of existing products and give compliance advise to the product team for the development of new services
- Review and validate due diligence on potential and existing customers
- Respond to regulatory enquiries from customers, regulators and banking partners
- Provide valuable input to feed the Compliance continuous improvement process
Experience/Education
- Master’s degree in law or business, a compliance or MLRO certification is an advantage but not mandatory
- Experience with latest approaches for compliance risk management and with complying with money transfer and payments regulations
- Practical problem solver with demonstrated ability to work across functions with multi-disciplinary teams
- Excellent written, oral, and presentation skills
- Fluent in English (both orally and in writing)
- Strong communication and management skills, assertive and diplomatic team worker who works accurately
- Strong organizational & interpersonal skills
- Flexible and hands-on attitude
- Detail oriented
- The candidate must have the ability to think and act both strategically and tactically and be able to partner and work cross-functionally with the various business and operations departments across Mastercard.
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.
