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- Tasks: Advise on operational risk management and monitor compliance with policies.
- Company: Mastercard empowers economies and people in over 200 countries through innovative digital payment solutions.
- Benefits: Enjoy a collaborative work culture, opportunities for growth, and a focus on sustainability.
- Why this job: Join a team that drives impactful change and supports diverse stakeholders in a dynamic environment.
- Qualifications: Strong understanding of risk management practices; relevant experience preferred.
- Other info: Engage in formal governance committees and contribute to meaningful risk assessments.
The predicted salary is between 43200 - 72000 £ 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.
Role Overview Advise 1LOD functions on the application of operational risk management practices and changes to their day-to-day activities. Monitor compliance to the firm’s risk management policies and processes as well as support the implementation and embedding of operational risk change initiatives across the 1LOD functions. Consolidate and review key risk information so that the team can meet its reporting commitments to appropriate governance forums, key stakeholders, and 2LOD functions.
Responsibilities of the Role
- Provide risk advice to 1LOD functions by leveraging understanding of the firm’s management policies and processes as well as applicable industry best practices.
- Support the development and/or implementation of applicable procedures to enable effective 1LOD adoption of the firm’s risk management policies and processes.
- Support risk assurance activities conducted on the 1LOD through the provision of required information and explanation.
- Support the senior members of the team to conduct ad hoc risk assessments and deep dive root cause analysis on priority risk areas or areas of material control deficiencies.
- Support the effective running of formal risk governance committees and informal forums and working groups.
- Promote collaborative working relationships with stakeholders at all levels of the organisational hierarchy (function, entity, and group).
Corporate Security Responsibility All activities involving access to Mastercard assets, information, and networks come 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.
Manager, Risk Management-R-237572 employer: MasterCard
Contact Detail:
MasterCard Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager, Risk Management-R-237572
✨Tip Number 1
Familiarise yourself with Mastercard's risk management policies and procedures. Understanding their specific frameworks will not only help you in interviews but also demonstrate your commitment to aligning with their operational practices.
✨Tip Number 2
Network with current or former employees in risk management roles at Mastercard. Engaging in conversations can provide you with insider insights about the company culture and expectations, which can be invaluable during the application process.
✨Tip Number 3
Stay updated on industry best practices in operational risk management. Being knowledgeable about the latest trends and challenges in the field will allow you to speak confidently about how you can contribute to Mastercard's goals.
✨Tip Number 4
Prepare to discuss your experience with risk assessments and governance committees. Highlighting relevant examples from your past work will showcase your ability to support the team effectively and align with the responsibilities of the role.
We think you need these skills to ace Manager, Risk Management-R-237572
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Manager, Risk Management position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Strong CV: Your CV should clearly outline your experience in risk management, compliance, and operational practices. Use specific examples to demonstrate your achievements and how they relate to the role at Mastercard.
Write a Compelling Cover Letter: In your cover letter, express your passion for risk management and how you can contribute to Mastercard's mission. Mention any relevant industry best practices you are familiar with and how you can leverage them in the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in risk management roles.
How to prepare for a job interview at MasterCard
✨Understand the Role
Make sure you have a solid grasp of what the Manager, Risk Management position entails. Familiarise yourself with operational risk management practices and how they apply to the first line of defence (1LOD) functions. This will help you articulate your understanding during the interview.
✨Showcase Relevant Experience
Prepare to discuss your previous experience in risk management or related fields. Highlight specific examples where you've successfully implemented risk policies or conducted assessments. This will demonstrate your capability to support the firm's risk management initiatives.
✨Emphasise Collaboration Skills
Since the role involves promoting collaborative working relationships, be ready to share instances where you've worked effectively with stakeholders at various levels. Discuss how you navigated challenges and built rapport to achieve common goals.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in risk management. Think about potential risks a company like Mastercard might face and how you would approach assessing and mitigating those risks. This will showcase your analytical thinking and proactive mindset.
