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- Tasks: Lead compliance testing and monitoring for Open Banking across the EU/UK.
- Company: Join Mastercard, a global leader in the payments industry, driving an inclusive digital economy.
- Benefits: Enjoy a dynamic work environment with opportunities for remote work and professional growth.
- Why this job: Be part of a mission-driven company that values ethics and innovation in finance.
- Qualifications: 3-5 years in compliance, preferably in fintech or banking, with strong analytical skills.
- Other info: Stay updated on the latest testing tools and AI technologies to enhance compliance strategies.
The predicted salary is between 36000 - 60000 £ per year.
Location: London
Overview: Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realise their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
The Open Banking team is looking to expand its product offering on a global basis. 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 Analyst will be responsible for leading monitoring and testing of compliance program activities across EU/UK Open Banking. Working under general supervision, this role will design testing procedures, test plans, and assist in the assessment of the effectiveness of compliance systems and controls.
Role:
- Define testing strategies and approaches, including manual and automated testing of controls
- Conduct root cause analysis and provide recommendations for process improvements and enhancements
- Lead testing of complaints handling, outsourcing, major incidents, and data compliance practices and controls
- Communicate issues identified during testing processes to management staff as appropriate
- Support systems used for maintaining an effective compliance program
- Remain up to date with new testing tools, technologies, and industry best practices, including AI to enhance testing strategies
All About You:
- Three (3) to five (5) years of compliance experience in a previous monitoring and testing role at a PSP or Bank
- Strong knowledge of Assurance, Monitoring and Testing practices with demonstrated experience
- Exposure to testing processes, including test planning, test case preparation, execution, and recommendation/action management
- Experience in an EMI, PSP, or fintech environment is preferable
- Basic understanding of System Architectures and data flow diagrams and documentation
- Basic understanding of Open Banking
- Demonstrate a high degree of self-motivation, organization, time management, and attention to detail
- Can communicate to executives, peers, and staff with impact, eloquence, and authenticity
- Strong interpersonal skills, with both oral and written communication abilities, including drafting technical documents tailored to diverse audiences
Compliance Assurance Analyst employer: MasterCard
Contact Detail:
MasterCard Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Assurance Analyst
✨Tip Number 1
Familiarise yourself with the latest compliance regulations and standards, especially those related to Open Banking. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the compliance and fintech sectors. Attend industry events or webinars where you can meet people from Mastercard or similar companies. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of your previous compliance monitoring and testing experiences. Be ready to explain how you approached challenges and what outcomes resulted from your actions, as this will showcase your practical knowledge and problem-solving skills.
✨Tip Number 4
Stay informed about the latest tools and technologies used in compliance testing, including AI advancements. Being able to discuss how you can leverage these tools in your role will set you apart as a forward-thinking candidate.
We think you need these skills to ace Compliance Assurance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant compliance experience, particularly in monitoring and testing roles. Emphasise your knowledge of Assurance practices and any exposure to the payments industry.
Craft a Compelling Cover Letter: In your cover letter, express your passion for compliance and how your skills align with Mastercard's mission. Mention specific experiences that demonstrate your ability to design testing strategies and communicate effectively.
Showcase Technical Skills: Highlight your understanding of system architectures and data flow diagrams. If you have experience with testing tools or AI technologies, be sure to mention these as they are relevant to the role.
Prepare for Potential Questions: Think about how you would respond to questions regarding your previous compliance roles. Be ready to discuss your approach to root cause analysis and process improvements, as well as your communication style with different audiences.
How to prepare for a job interview at MasterCard
✨Understand Compliance Fundamentals
Make sure you have a solid grasp of compliance principles, especially in the context of Open Banking. Familiarise yourself with relevant regulations and standards that Mastercard adheres to, as this will show your commitment to the role.
✨Demonstrate Testing Experience
Be prepared to discuss your previous experience with compliance monitoring and testing. Highlight specific examples where you've designed test plans or conducted root cause analyses, as this will showcase your practical knowledge and skills.
✨Showcase Communication Skills
Since the role requires effective communication with various stakeholders, practice articulating complex compliance concepts clearly and concisely. Prepare to share examples of how you've communicated findings or recommendations to management in the past.
✨Stay Updated on Industry Trends
Research the latest trends in compliance technology and testing tools, including AI applications. Being knowledgeable about current best practices will demonstrate your proactive approach and eagerness to contribute to Mastercard's innovative environment.
