VP, Legal Compliance, Bank Secrecy Act Officer - MasterCard

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 VP, Legal Compliance, Bank Secrecy Act Officer Overview MTS US is the authorised and regulated entity within Mastercard Transaction Services (MTS) 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 looking for a Bank Secrecy Act (BSA) Officer to drive our customer experience strategy forward by consistently innovating and problem-solving. The ideal candidate is passionate about the customer experience journey, highly motivated, intellectually curious, analytical, and possesses an entrepreneurial mindset. The Role MTS US serves customers based in the USA, and also a number of other countries around the world. The role will require you to work as part of a geographically diverse team and as part of a matrix structure serving a few stakeholders across MTS and the wider Mastercard organisation. This is a high-profile role that requires excellent, clear and articulate communication skills and the ability to influence senior level stakeholders in a convincing manner. MTS is poised for further expansion and now requires a seasoned BSA Officer to take the BSA control framework to the next level. In particular, the role holder will: 1 – Reports and works closely with the MTS Chief Compliance Officer to determine the effectiveness of the Compliance Program and its ability to identify, detect, deter and report suspicious activity. 2 – Review laws and regulations that impact the MTS compliance requirements, with emphasis on Bank Secrecy Act (BSA/AML), USA Patriot Act, and OFAC. 3 – Undertake comprehensive risk assessments to determine BSA/AML and other risk exposures through collaboration with other functions to develop mitigating controls as required. 4 – Maintain compliance policies, programs, and procedures current and ensure annual review by the Board of Directors as necessary. 5 - Ensure all staff up to and including the Board are adequately trained in the Bank Secrecy Act, Patriot Act and other relevant legislation. 6 - Disseminate information, answer questions, and be a subject matter expert for MTS on BSA/AML/OFAC-related issues. 7 – Lead MTS US regulatory examinations and audits, including gathering requested information and developing and coordinating responses to such reviews as necessary. 8 – In some instances, you will be asked to conduct customer due diligence and where necessary enhanced due diligence of customer relationships to determine risk and mitigating controls. 9 – Review regulatory findings against other financial institutions for lessons learned, share with the Board and complete gap analysis against MTS as necessary. 10 – Contribute, as a key member of the Compliance leadership team, to the development and implementation of the wider compliance strategy including Staffing. All About You Ideally, you will already have served as a BSA Officer in the US for a Bank, E-money firm, MSB or Payment Institution. However, if you have never served, the important factor is having a deep operational understanding of the Bank Secrecy Act and the US Patriot Act, including how to apply the regulations in a practical manner to the development, implementation and operation of a robust compliance framework including risk assessment, policy development, Board reporting and interaction, controls testing, training development and roll out, and audit co-ordination. At an operational level, you will be asked to assess higher risk customers, and if necessary, conduct on site reviews and implementing efficient and effective controls to be applied to minimize the risk to the business. As the face of the Compliance function, you will be asked to present the compliance requirements in front of Business Development colleagues, counterparties, auditors and regulators. 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 comes 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 trainings in accordance with Mastercard’s guidelines. NOTE: Candidates go through a thorough screening and interview process. Mastercard is an inclusive equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact reasonable_accommodation@mastercard.com and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly. 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. 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 based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. 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 new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 5 personal days, 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, gender-inclusive benefits and many more. Everyone wants easier ways to pay; we invent them. Checkout lines are slow; we speed them along. Merchants want more sales; we give them data and insights. People need financial access; we connect them. Corporate purchasing is complicated; we make it simple. Commuters are busy; we speed them on their way. Governments need greater efficiencies; we help create them. Small businesses are virtual; we give them access to a world of buyers. Retailers want to fight fraud; we provide the tools.