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

Manager, Regulatory Compliance

Overview:
Mastercard’s Global Regulatory team is responsible for liaising with key regulators and law enforcement officials for the purpose of preventing or minimizing the impact of adverse regulations on the company’s profitability and growth potential. This position will play a key role in supporting the strategic development & implementation of regulatory infrastructure and the compilation of regulatory submissions and correspondence within the Mastercard Europe region. This position will report to the Director, Regulatory Compliance, based in Waterloo (Belgium). This position is part of the Global Regulatory Team from a functional perspective and the European legal team from a regional perspective.

The Role:
At Mastercard we are committed to the highest standards of ethics and integrity. Ethics and Compliance are at the core of our company values and are essential to both the personal success of every Mastercard employee and to the success of the company. The Manager, Regulatory Compliance, UK will be responsible for leading, strengthening, extending and sustaining a successful compliance program for a regulated UK business and will support colleagues across the EEA region as required. The role will provide expert leadership and direction in order to identify and implement best practices in regulatory compliance. The successful candidate will support regulatory compliance activities for the UK business and will work cross-functionally with his / her Mastercard colleagues including, Regulatory Affairs, Legal Counsel, Human Resources, Finance, Public Policy, Privacy/Data Usage, Global Ethics and Compliance and Internal Audit.

Key Accountabilities of the Role:
•\tSupport the Director, Regulatory Compliance in cascading the Global Regulatory Compliance strategy within the Mastercard Europe Region with a focus on the UK and on EEA region as required
•\tOversee execution of regulatory compliance processes and controls within the UK business
•\tSupport the use of the global regulatory compliance tool and framework
•\tProvide guidance to identify and address compliance gaps of internal controls to ensure compliance with various applicable laws and implement remedial actions and improvements
•\tProduce and maintain relevant regulatory compliance policies and departmental procedures
•\tStrengthen the compliance infrastructure within the UK business to ensure the business makes informed risk-based decisions regarding new opportunities, markets, local initiatives and product and service offerings and that appropriate compliance processes and controls are developed, documented and implemented
•\tReview and assess new business projects and design of compliance controls to ensure adherence to company policy and procedures; delivery appropriate solutions to ensure robust and appropriate compliance controls are implemented
•\tPreparation of submissions and returns to regulators ensuring accuracy and completeness and submission in line with required deadlines
•\tExperience of maintaining regulatory status with periodic filings and event-driven filings, e.g., change of control and/or incident updates
•\tContribute to annual risk assessment and various risk management activities
•\tProduce regular MI for management and other internal stakeholders
•\tAct as an escalation point for regulatory compliance queries from other business areas
•\tProvide compliance guidance and act as a role model for proper conduct for other business areas
•\tProvide training and awareness focused on applicable laws, regulations, and responsibilities for internal controls
•\tReview marketing materials and documentation to ensure compliance with regulatory requirements
•\tAssist in the gathering of internal information in response to regulator requests
•\tProvide regulator examination management support as needed
•\tCollaborate with other departments to create a culture of compliance

Key Competencies:
•\tBachelor’s degree
•\tExperience executing regulatory compliance programs, including design, implementation and oversight of controls
•\tExperience managing regulatory compliance programmes within a UK financial institution and/or payment systems
•\tKnowledge of Payment Services Regulations, financial market infrastructure supervision (including IOSCO principles for financial markets infrastructure (PFMIs) and their application)
•\tAbility to interpret regulations and guidance in order to assess the impact and develop practical operational procedures to ensure ongoing compliance
•\tGood understanding of core pillars of effective regulatory compliance programmes and relevant regulation and legislation
•\tExperience of engagement with regulators and central banks
•\tCritical thinking and problem-solving skills
•\tProject management skills, as the candidate is likely to have to juggle a number of projects at any time
•\tExperience of supporting regulatory projects across markets
•\tSelf-starter who is flexible and able to work in a matrix management environment
•\tStrong business acumen and solutions orientated who can work independently
•\tAbility to demonstrate thought leadership
•\tRisk management and internal controls focused
•\tMust be able to work on complex issues of significant importance
•\tAbility to juggle substantial competing demands and adapt to evolving priorities a must
•\tStrong written and verbal communication skills
•\tAttention to detail is critical

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.