At a Glance
- Tasks: Analyse and improve controls to ensure compliance and security for millions of transactions.
- Company: Join Mastercard, a leader in digital payments and innovation worldwide.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Other info: Collaborative environment with a focus on continuous improvement and career development.
- Why this job: Make a real impact on financial services and help shape a sustainable economy.
- Qualifications: Experience in risk management and strong analytical skills required.
The predicted salary is between 36000 - 60000 £ 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.
Overview
The Senior Analyst, Controls and Issues Advisory within the newly formed Controls Office supports the processes to ensure Vocalink Limited’s operations are compliant with policies, procedures and regulations, while also identifying and addressing any control weakness or issues. This involves analysing and supporting the implementation of controls, monitoring their effectiveness and providing recommendations for improvement. The team is dedicated to ensuring that Vocalink’s services remain robust, secure, and seamless for 60+ million citizens every day – in numbers, that is 11 billion transactions every year with a value of over £6 trillion. We are seeking a talented risk and controls practitioner to support the continuous improvement of controls robustness and to assist in the delivery of actions that are required to remediate identified issues.
Responsibilities
- Analyse existing controls, support in the identification of control gaps and provide controls and issues assistance to 1LOD functions in line with Vocalink Limited’s Enterprise Risk Management Framework.
- Support the implementation of applicable procedures to enable effective 1LOD adoption of Vocalink’s control and Issue management policies and processes.
- Assist in the management and maintenance of the Controls Library (L1-L3).
- Analyse proposed new controls or changes to existing controls in line with agreed processes and provide a view on the appropriateness of the proposals.
- Assist with the completion of control effectiveness assessments.
- Analyse and support the remediation of control deficiencies and provide issues triage and submission validation.
- Undertake analysis of the control environment and make improvement recommendations.
- Promote collaborative working relationships with stakeholders across the organisation.
- Present and engage effectively with colleagues across Vocalink and Mastercard.
Knowledge, Skills & Experience
- Understanding of internal controls framework principles.
- Understanding of key operational risk management principles and approaches.
- Experience of working in or advising functions on operational risk controls and issues management.
- Experience in supporting Risk and Controls Self-Assessment (RCSA) processes, ideally in a banking, financial services, IT or payments context.
- Understanding of key operational resilience principles.
- Experience of working in 1st or 2nd line risk teams or within 3rd line Internal Audit functions within a financial services environment.
- Experience in supporting the application of operational risk frameworks and understanding of risk assessment methodologies.
- Ability to communicate effectively with stakeholders across the organisation (both written and oral).
- Strong analytical, reporting and presentation skills.
- Ability to remain calm and focused when working under pressure.
- Ability to prioritise workload to suit business needs.
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.
Seniority Level: Mid-Senior level
Employment Type: Full-time
Job Function: Management and Manufacturing
Industries: Financial Services, IT Services and IT Consulting, and Technology, Information and Internet.
Senior Analyst, Controls & Issues Advisory employer: MasterCard
Mastercard is an exceptional employer that fosters a culture of innovation and collaboration, empowering employees to contribute to a sustainable economy. With a strong focus on employee growth, Mastercard offers extensive training and development opportunities, ensuring that team members can thrive in their careers while making a meaningful impact on millions of lives through secure and accessible digital payment solutions. Located in a dynamic environment, employees benefit from a diverse workplace that values inclusivity and encourages creative problem-solving.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Analyst, Controls & Issues Advisory
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like MasterCard looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Analyst, Controls & Issues Advisory
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at MasterCard. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at MasterCard
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with MasterCard’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
