At a Glance
- Tasks: Lead risk management initiatives and enhance enterprise-wide frameworks for effective risk assessment.
- Company: Join Mastercard, a global leader in digital payments and innovation.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on collaboration and continuous improvement.
- Why this job: Make a real impact on global economies while shaping the future of risk management.
- Qualifications: Extensive risk management experience and strong communication skills required.
The predicted salary is between 100000 - 150000 € per year.
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.
Who is Mastercard? Mastercard (MA) is a global technology company in the payments sector. We power payments and provide products and services for individuals and industries all around the world. Our people, technology, data and brand provide the capabilities that drive our success. We believe in connecting people to priceless possibilities.
As a company, we know that our success is driven by the skills, experience, integrity and mindset of the talent we hire. By building an inclusive, world‐class culture, our employees have once‐in‐a‐career opportunities to be a part of teams that have a greater impact on our community and our world. We invite you to join our team to find out how you too can start something priceless.
Overview The Enterprise Risk Management (ERM) team is looking for a Director, Enterprise Risk Frameworks & Appetite, who will be responsible for supporting core elements of Mastercard's Enterprise Risk Management Framework (ERMF). This role will partner closely with the Risk Frameworks and Appetite Team, as well as ERM more broadly. The role will engage directly with several stakeholders across the organization, including the Businesses and Functions, to help drive consistency across key elements of MA's ERMF.
Role
- Lead ERM Policy and Monitoring Enhancements
- Continue to advance enterprise-wide adoption of Risk Management Framework capabilities
- Engage with regulated entities to support development or refresh of standalone policies
- Contribute to the development and delivery of process/tools to support compliance with and monitoring of ERM policy
- Support periodic refresh of MA's corporate ERM policy and related standards, including coordination of stakeholder feedback and preparation of executive materials
- Collaborate with the business to track and report on policy compliance and exceptions
Lead Risk Appetite Framework Enhancements
- Partner with ERM and MA Risk leadership to support the ongoing evolution and deployment of the Company's Risk Appetite Framework, including the Risk Appetite Statement, metrics, and related processes
- Work with 1st and 2nd Lines of Defense (LoD) to drive alignment, calibration, and consistent application of risk appetite metrics and limits across the organization
- Support enterprise level monitoring of risk appetite, helping to identify breaches, emerging pressure points, and areas approaching tolerance
- Coordinate the aggregation and analysis of risk appetite metrics across entities operating under the Corporate Risk Appetite Framework
- Contribute to clear, well supported risk appetite reporting for senior management, the Executive Risk Committee, and relevant Board Committees
- Help embed risk appetite considerations into strategic planning, budgeting, and key business decision making processes
Engage with Business, Functions, Regions & Regulated Entities
- Drive engagement with businesses, functions, regions, and regulated entities to support effective deployment and day to day use of ERMF components, including Risk Appetite
- Support cascading of ERM policy updates and risk appetite statements and metrics across regulated entities, promoting consistency and alignment
- Engage with regulated entities to support the definition, assessment, and calibration of entity level risk appetite metrics and thresholds, in line with the Corporate Risk Appetite Framework
- Partner with the Strategic Risk Management team to facilitate alignment to the Enterprise Risk Appetite Framework during strategic initiatives, including new products, acquisitions, and market entry
- Support ongoing forums and roundtables between ERM and regulated entity Risk teams to promote dialogue, consistency, and continuous improvement
Partner with broader Mastercard Risk Functions
- Support adoption of the ERMF through training, as needed
- Engage with MA's Risk Analytics Team to enhance reporting automation
- Support development of risk appetite, policy compliance, and exception monitoring tools across corporate
All About You
- Several years of risk management experience in a large multinational with a mature ERM program
- Knowledge of risk management practices (e.g., ERM, ORM, technology) and risk frameworks (e.g., COSO, ISO 31000)
- Strong interpersonal skills and ability to influence at all levels including outside his / her / their reporting lines
- Experience in partnering with executive management
- Articulate and highly effective communicator (written, oral, presentation)
- Strong quantitative background with demonstrated success in applying risk management, including use of AI is a positive
- Excellent analytical, problem solving and critical thinking skills. Keen attention to detail
- Ability to work under pressure, in sometimes ambiguous circumstances
- Understands and appreciates diverse backgrounds
- Knowledge of the payments industry and products, competitive environment, consumer trends, and economic environment is a positive
Corporate Security Responsibility
- 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
- Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines
Director- Risk Management in London employer: Mastercard
Mastercard is an exceptional employer that fosters a culture of inclusivity and innovation, empowering employees to make a meaningful impact in the payments sector. With a commitment to professional growth, employees have access to unique opportunities for development and collaboration across diverse teams, all while contributing to a sustainable economy. Located in a dynamic environment, Mastercard offers a supportive workplace where talent thrives and every contribution is valued.
StudySmarter Expert Advice🤫
We think this is how you could land Director- Risk Management in London
✨Tip Number 1
Network like a pro! Reach out to people in your industry, especially those at Mastercard. Use LinkedIn to connect and engage with them. A friendly chat can sometimes lead to job opportunities that aren't even advertised!
✨Tip Number 2
Prepare for interviews by researching Mastercard's culture and values. Understand their approach to risk management and think about how your experience aligns with their goals. This will help you stand out as a candidate who truly gets what they're about.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills and experiences make you the perfect fit for the Director of Risk Management role. Keep it concise and impactful – you want to leave a lasting impression!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining the Mastercard team and contributing to their mission.
We think you need these skills to ace Director- Risk Management in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Director, Risk Management role. Highlight your relevant experience in risk management and how it aligns with Mastercard's goals. We want to see how you can contribute to our mission!
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your analytical, problem-solving, and communication skills. We love seeing how you've made an impact in previous roles.
Be Authentic:Let your personality shine through in your application. We value integrity and a genuine mindset, so don’t be afraid to share your passion for risk management and how it connects to our purpose at Mastercard.
Apply Through Our Website:For the best chance of success, make sure to apply directly through our website. This way, your application will go straight to us, and we can’t wait to review it and hopefully welcome you to our team!
How to prepare for a job interview at Mastercard
✨Know Your Risk Management Frameworks
Make sure you brush up on your knowledge of risk management frameworks like COSO and ISO 31000. Be ready to discuss how these frameworks can be applied in a practical setting, especially in relation to Mastercard's Enterprise Risk Management Framework.
✨Showcase Your Interpersonal Skills
This role requires strong interpersonal skills, so think of examples where you've influenced stakeholders or collaborated with teams. Prepare to share specific instances that highlight your ability to communicate effectively at all levels, including with executive management.
✨Demonstrate Analytical Prowess
Be prepared to discuss your analytical and problem-solving skills. You might be asked to analyse a hypothetical risk scenario, so practice articulating your thought process and how you would approach risk assessment and mitigation.
✨Understand the Payments Landscape
Familiarise yourself with the payments industry, including current trends and challenges. Being able to discuss how these factors impact risk management will show that you’re not just knowledgeable about theory but also about the practical implications in the real world.
