VP, Mastercard Transaction Services, US BSA/AML Officer Job Listing at Mastercard in Purchase, NY (Job ID R-236858)

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

VP, Mastercard Transaction Services, US BSA/AML Officer MTS Overview:
Mastercard Transaction Services (MTS) and its subsidiaries are the legal entities under which all of Mastercard's licensed money transfer and payment initiation services will be conducted, reporting into the Commercial and New Payments Platform (CNPF) division. The MTS business unit and the MTS shared services functions are housed under the umbrella of MTS and are comprised of components central to the activities of a licensed payment services firm. These components include:
• Payment/Money transmitter licenses for operating payments business in defined jurisdictions
• Contract definition (associated T&Cs) specific to the MTS entity and its umbrella geographies
• Associated settlement accounts and other services for the relevant MTS entity
• Compliance services including, but not limited to, due diligence, real-time sanctions screening/AML/fraud management, etc.
• Regulatory reporting to the relevant regulators on behalf of the regulated business and its subsequent activities
MTS US is the authorized and regulated licensed 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 seeking a Bank Secrecy Act (BSA) Officer based in Purchase, New York, who will coordinate and maintain a robust AML/CFT/Sanctions program in alignment with the Bank Secrecy Act requirements to detect and prevent money laundering. Additionally, the candidate will drive our customer experience strategy forward by consistently innovating and problem-solving in the Compliance arena. The ideal candidate is passionate about the customer experience journey, highly motivated, intellectually curious, analytical, and possesses an entrepreneurial mindset.

Role Summary:
The US BSA Officer must be knowledgeable and skilled in the relevant AML/BSA Compliance areas and report quarterly to the MTS US Board on the status of the Compliance program and its organization. MTS US serves customers based in the USA and several other countries around the world. This role requires working as part of a geographically diverse team and a matrix structure serving multiple stakeholders across MTS and the wider Mastercard organization. This high-profile role demands excellent, clear, and articulate communication skills and the ability to influence senior-level stakeholders convincingly. MTS is poised for further expansion and now requires a seasoned US BSA Officer to elevate the BSA control framework.

Key Responsibilities:
1. Report and work 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 the 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 to ensure ongoing 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 regulations.
6. Disseminate information, answer questions, and serve as 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. Support the business in an advisory capacity, 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.
11. Serve as the Money Laundering Reporting Officer (MLRO) for the MTS Canada licensed entity.
12. Manage and oversee the Digital Currency Enablement Director and the overall Compliance Bitlicense project.
13. Collaborate with Legal, Regulatory, Compliance, and Product/Shared Services, as well as the wider business, on strategic cross-functional improvement activities.

Qualifications:
• Excellent written and oral communication skills for documentation, reports, and presentations
• Working knowledge of a regulated environment
• Capable of process identification and mapping
• Working knowledge of SharePoint development
• Digitally aware and experienced with process improvement, automation of manual processes, and use of technology to generate efficiencies and scalable outcomes
• Highly competent in the use of MS Office tools (PowerPoint, Excel, Visio)
• Confident communication skills with the ability to deliver consistent messages to all levels of the company 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.

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