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The Director, Product Development works as part of a small team responsible for assessing the financial crime risks associated with new products under development, and for building out the associated policies, procedures, and effective controls. Working cross functionally, the role holder will act as the liaison point between the Product teams, Technical teams, and the Compliance Leadership Group.
Job Responsibility:
Assessing new products or product enhancements and identifying the inherent financial crime risks
Completing and maintaining the required risk assessments for new products and enhancements
Providing input into Financial Crime policy development as required
Developing appropriate Compliance policies, processes, and documented controls to mitigate identified risks to acceptable levels
Overseeing the delivery of technical builds for Compliance undertaken by other functions
Specifying suitable pre implementation testing and post implementation validation to mitigate implementation risk
Providing adequate assurance to the Compliance Leadership Team to enable products to go live as smoothly as possible
Liaising with other functions across Mastercard, including Product Teams, Regulatory, Finance, and Global Compliance
Representing and advocating for the Compliance position in working groups and project meetings
Engaging with third party suppliers as required
Preparing clear and concise reporting for the Compliance Leadership Team
Completing applicable regulatory inventories for each entity as required
Analysing significant external frauds and regulatory findings to identify patterns and potential improvements for MTS
Participating in regulatory and industry outreach related to Financial Crime
Requirements:
Experienced Compliance professional from an international payments or transactional banking background
Exposure to a large global business and high risk markets gained over several years
Demonstrable experience in developing and deploying compliance controls in the form of policies and procedures, along with associated financial crime systems covering Due Diligence, Screening, and Transaction Monitoring
Familiarity with advanced, automated systems — including the use of AI — is a strong advantage
Experience working in a matrix environment across multiple time zones and stakeholders, occasionally with competing objectives
The ability to influence senior leaders and present persuasive arguments
A quick thinker with deep subject matter expertise
Experience in emerging markets within the fintech and payments sectors is helpful
A globally recognised AML qualification is desirable
Educated to degree level in a relevant discipline
Nice to have:
Familiarity with advanced, automated systems — including the use of AI — is a strong advantage
Experience in emerging markets within the fintech and payments sectors is helpful
A globally recognised AML qualification is desirable