At a Glance
- Tasks: Lead risk management initiatives and ensure operational resilience for RTP International.
- Company: Join Mastercard, a global leader in digital payments and innovation.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on mentorship and career advancement.
- Why this job: Make a real impact on global financial services while developing your leadership skills.
- Qualifications: Extensive risk management experience in payments or financial services 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.
Overview The principal responsibility of the role, within the first line of defence Risk team, consists of implementing and overseeing the risk management program and internal control framework for the RTP International (RTP INT) business. The appointee will be responsible for developing the risk strategy and help provide subject‑matter expertise.
About RTP International Real Time Payments International (RTP INT) is an operating programme under the Mastercard Core Payments model and an operating entity for six current international real time ‘live service’ markets as part of the overall Mastercard RTP portfolio. The services, whilst stated as RTP, also cover other products and these include Real Time payments, Bulk and Batch (BPS), Data Feed Manager (DFM), Proxy Database Services (PDS) and various User Interface solutions (UI). The market countries are a mix of four software supplied sales and 2 managed service hubs: BancNet - Philippines (IPS), CCE – Peru (IPS and BPS), ITMX – Thailand (IPS), BCS – Singapore (IPS), Saudi Payments (IPS and BPS), TCH – USA (IPS).
About The Position You will collaborate with a team of three or more staff and collaborate extensively with Regional and Global teams, including Group Risk and be integral to various North Star risk framework initiatives. Your focus will be on enterprise-wide risk management for the RTP International business, ensuring the operational resilience of our infrastructure and mitigating a broad spectrum of risks impacting our customers' services. This 1st line risk role requires you to partner with the 2nd line to identify, assess, and manage various risks, including cyber and security risks, third‑party risks, legal and regulatory risks, operational risks, financial risks, reputational risks, and strategic risks. By collaborating closely with the 2nd line, you will validate risk assessments, challenge assumptions, and enforce compliance with policies and procedures to uphold the integrity and stability of our services.
We seek a candidate with extensive risk management experience in the payments or financial services industry. You will mentor a team, working closely with Biz Ops and Engineering teams, proactively monitoring and managing technology risks to protect Mastercard and its customers. You will collaborate with business risk owners, the 1st Line risk team, Tech Risk Management (TRM), Biz Ops, and Engineering teams to establish robust governance frameworks for assessing, monitoring, and mitigating risks effectively. This involves validating risk assessments, challenging assumptions, and enforcing compliance with established policies and procedures. Additionally, you will enhance governance structures to foster a culture of risk awareness and accountability across the organization.
Responsibilities Include The Following:
- Provide guidance and support to the risk team, fostering professional growth and development.
- Partner with Mastercard Global Technology Risk Management, Regional Technology, Local technology (Service Management), and Biz Ops teams to align on risk management methodology and practices.
- Maintain and develop the enterprise‑wide risk management framework and culture, including risk policies and procedures in accordance with MA Group Risk requirements.
- Maintain quality of data within risk GRC systems (e.g., Open Pages, Archer, PlanView) for reporting and tracking purposes.
- Deliver an enterprise‑wide risk management awareness programme to ensure risk policies and procedures are understood and complied with by staff across the business.
- Support risk and control owners in resolving queries related to risks and controls.
- Provide risk briefings to management, ensuring risks, issues, and appetite breaches are monitored and escalated appropriately.
- Collect security and operational metrics for management reports and dashboards.
- Coordinate internal and external audits, including evidence gathering, meeting scheduling, and liaison with internal control owners and external auditors.
- Ensure the resilience and effectiveness of services through strong internal and external partner management.
- Collaborate with internal and external partners to establish frameworks with third parties to mitigate risks and deliver maximum value.
- Provide input to scenario testing, running pilots, and designing templates for vulnerabilities.
- Develop and deliver training and communications to reinforce and embed key requirements.
- Evaluate resilience solutions to find those that best meet business needs.
- Stay updated on relevant regulations and industry standards related to risk management and business continuity.
- Ensure compliance with regulatory requirements and internal policies related to risk management.
- Prepare and present regular reports on risk assessment findings, mitigation efforts, and organizational resilience to senior management.
- Develop and maintain business continuity plans to ensure the organization can continue critical operations during disruptions.
- Work with cross‑functional teams to identify key business processes and develop strategies to minimize downtime and mitigate the impact of disruptions.
- Conduct regular testing and exercises of business continuity plans to ensure effectiveness and identify areas for improvement.
- Lead the interaction and contributions to Group Risk and the North Star risk framework initiatives.
- Influence and work effectively beyond direct reports to drive risk management and resilience initiatives across the organization and the six live markets.
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; and Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.
Vice President, Risk and Controls employer: Mastercard
Mastercard is an exceptional employer that champions a culture of innovation and collaboration, empowering employees to thrive in their careers while making a meaningful impact on the global economy. With a strong focus on professional development, employees benefit from comprehensive training programs and mentorship opportunities, all within a dynamic work environment that values diversity and inclusion. Located in a vibrant international setting, Mastercard offers unique advantages such as exposure to cutting-edge technology and the chance to work on transformative projects that shape the future of digital payments.
StudySmarter Expert Advice🤫
We think this is how you could land Vice President, Risk and Controls
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to get comfortable with common questions. The more you practice, the more confident you'll feel when it’s time to shine.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Vice President, Risk and Controls
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Vice President, Risk and Controls role. Highlight your relevant experience in risk management and how it aligns with our mission at Mastercard. We want to see how you can contribute to our goals!
Showcase Your Expertise:Don’t hold back on showcasing your knowledge of risk management frameworks and practices. Use specific examples from your past roles to demonstrate your expertise. This is your chance to shine and show us why you're the perfect fit for this position!
Be Clear and Concise:When writing your application, keep it clear and to the point. Avoid jargon and make sure your key achievements stand out. We appreciate straightforward communication, so make it easy for us to see your strengths!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Mastercard
✨Know Your Risk Management Inside Out
Make sure you have a solid grasp of risk management principles, especially in the payments and financial services sector. Brush up on the latest trends and regulations that impact risk management, as this will show your expertise and commitment to the role.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving skills in real-time situations. Think about past experiences where you've successfully managed risks or implemented controls, and be ready to discuss these examples in detail.
✨Showcase Your Collaborative Spirit
This role involves extensive collaboration with various teams. Be prepared to discuss how you've worked with cross-functional teams in the past, particularly in aligning risk management practices. Highlight your ability to foster teamwork and build strong relationships.
✨Demonstrate Your Leadership Skills
As a Vice President, you'll need to mentor and guide your team. Share examples of how you've developed others in your previous roles, and be ready to talk about your leadership style and how you plan to cultivate a culture of risk awareness within the organisation.
