Director- Risk & Controls for Open Banking & API Job Listing at Mastercard in New York, NY (Job ID R-249401)

Description

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

Director- Risk & Controls for Open Banking & API 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.

As the 1st line of defense in the Open Banking's Risk and Compliance team, you will partner with business leaders to assess operational risks and help design controls that align with our product risk strategy. This position will support the Open Banking teams in building a strong control environment as they innovate and develop new products and platforms. You will also manage relationships with the 2nd and 3rd lines of defense and participate in regulatory engagements.

The ideal candidate will develop and implement a comprehensive target operating model, becoming a trusted advisor to business leaders. Success in this role requires exceptional communication, control management skills, and a strategic approach to risk assessment. You will work cross-functionally with teams including Product, Regulatory Affairs, Legal Counsel, Data Privacy/Data Usage, Global Ethics and Compliance, and Internal Audit.

Role Responsibilities:

Develop and Implement a Global Open Banking Control Framework: Establish a risk and control framework aligned with global standards; build governance structures to manage risks.

Risk Identification and Mitigation: Partner with stakeholders to identify and mitigate risks in Open Banking products and processes.

Regulatory and Compliance Engagement: Ensure compliance with global laws, rules and regulations (Dodd Frank 1033, FCRA, Nacha, PSD2, GDPR, etc.); participate in regulatory audits.

Data Privacy and Security Controls: Design controls to protect customer data and ensure secure data exchanges.

Control Testing and Continuous Improvement: Monitor control effectiveness; lead improvement initiatives using automation and analytics.

Third-Party Risk Management: Vet and monitor third-party partners; develop risk management frameworks.

Cross-Functional Collaboration and Advisory: Advise on risk implications for Open Banking initiatives; lead risk workshops.

Reporting and Analytics for Executive Leadership: Provide data-driven reports on risk trends and control performance for senior management.

Drive a Culture of Risk Awareness: Promote risk awareness and proactive mitigation; lead training programs on Open Banking risks.

All About You:

Extensive experience in Enterprise Risk Management or a related field within the Banking or Financial Services industry.

Good tenure in the Payment industry, preferably in a bank/financial institution

Significant knowledge of Risk Management principles, practices, and methodologies, including risk assessment techniques, and scenario analysis.

Very strong background in RCSA and the ability to help design effective financial, regulatory, operational and financial crimes controls.

Preferably a Strong understanding of Open Banking and regulatory requirements related to risk management, including control testing, and risk governance standards.

Excellent analytical and problem-solving skills, with the ability to assess complex risks and develop pragmatic solutions to mitigate them.

Experience in identifying metrics for reporting, monitoring, and preparing executive level status reports.

Strong written/verbal communication skills and effective presentation style for risk committees and forums.

Bachelors Degree preferred or equivalent relevant experience. Mastercard is a merit-based, 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. We hire the most qualified candidate for the role. 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.

Pay Ranges

New York City, New York: $154,000 - $238,000 USD

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