Vice President - Financial Crimes Compliance in London

At Mastercard, we are committed to protecting our network from being used to facilitate money laundering, terrorist financing, and sanctions evasion. The AML and Sanctions Compliance team actively participates in the development and implementation of a robust compliance program that is designed to meet our regulatory obligations and ensure that internal and external constituents understand and respect the importance of their responsibilities regarding this function.

The role of the VP, Europe AML and Sanctions Compliance is to develop strong relationships with key internal business partners and external customers to identify, assess, and manage AML and sanctions risk to Mastercard. As the single point of contact for oversight and execution of the AML and Sanctions Programs across Europe, this leader will operate in a complex, multi-jurisdiction environment spanning the European Union and the United Kingdom, partnering with local compliance teams to address country-specific requirements and supervisory expectations, and engaging as needed with European regulators and industry bodies. The VP will report progress and escalate incidents of non-compliance to the Senior Vice President - Global Mastercard AML and Sanctions Officer.

Role

• Develop relationships and work cross-functionally with franchise development, franchise integrity, product specialists, legal and regulatory counsel, and business partners at all levels within the organizational hierarchy to assess potential AML and Sanctions risk to Mastercard and implement controls to manage such risk during the onboarding of customers, creation or implementation of new products/programs and during mergers, acquisitions, and investment events.
• Perform customer identification, verification and monitoring procedures on new and existing customers to ensure adherence to Mastercard AML and Sanctions Standards and requirements.
• Provide support during the customer and/or product lifecycle to evaluate potential AML and Sanctions risk associated with new or enhanced product offerings.
• Work with key business teams to develop solutions for meeting customer business needs and advancing Mastercard strategic initiatives while minimizing potential money laundering risk to Mastercard and other network participants.
• Create and deliver engaging educational sessions designed to reinforce Mastercard’s AML and Sanctions Compliance principles throughout the evolution of the business.
• Participate in all M&A and investment transactions from due diligence phase to integration in order to identify and manage potential AML and Sanctions compliance risk.
• Establish regional AML and Sanctions Compliance standards as necessary, to support local compliance requirements such as those relating to our regulatory obligations across Europe.
• Provide input to AML and Sanctions Risk Assessments in order to account for activity within the Europe region.
• Establish and maintain AML and Sanctions Compliance Program tracking and metrics to identify trends and establish action items for program preservation and enhancements; provide regular reporting to Global AML and Sanctions Officer.

All About You

• Bachelor’s degree required.
• Must have experience managing a regulatory compliance program.
• Intimate knowledge of AML compliance program requirements.
• Knowledge of banking/financial operations, transaction processing and/or payments-related industry experience is preferred.
• Sound judgement with ability to build rapport at all levels, and in all business units; proven ability to persuade and drive results.
• Proven ability to work independently or as a team player and function effectively in a dynamic, fast paced environment while handling multiple projects and consistently meeting deadlines.
• Superior attention to detail, problem-solving, organizational and written/verbal communication skills.
• ACAMS certification preferred.

Location: London

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.