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The Enterprise Risk Management (ERM) team is looking for a Director, Enterprise Risk Frameworks & Appetite, who will be responsible for supporting core elements of Mastercard’s Enterprise Risk Management Framework (ERMF). This role with partner closely with the Risk Frameworks and Appetite Team, as well as ERM more broadly. The role will engage directly with several stakeholders across the organization, including the Businesses and Functions, to help drive consistency across key elements of MA’s ERMF.
Job Responsibility:
Lead ERM Policy and Monitoring Enhancements
Continue to advance enterprise-wide adoption of Risk Management Framework capabilities
Engage with regulated entities to support development or refresh of standalone policies
Contribute to the development and delivery of process / tools to support compliance with and monitoring of ERM policy
Support periodic refresh of MA’s corporate ERM policy and related standards, including coordination of stakeholder feedback and preparation of executive materials
Collaborate with the business to track and report on policy compliance and exceptions
Lead Risk Appetite Framework Enhancements
Partner with ERM and MA Risk leadership to support the ongoing evolution and deployment of the Company’s Risk Appetite Framework, including the Risk Appetite Statement, metrics, and related processes
Work with 1st and 2nd Lines of Defense (LoD) to drive alignment, calibration, and consistent application of risk appetite metrics and limits across the organization
Support enterprise level monitoring of risk appetite, helping to identify breaches, emerging pressure points, and areas approaching tolerance
Coordinate the aggregation and analysis of risk appetite metrics across entities operating under the Corporate Risk Appetite Framework
Contribute to clear, well supported risk appetite reporting for senior management, the Executive Risk Committee, and relevant Board Committees
Help embed risk appetite considerations into strategic planning, budgeting, and key business decision making processes
Engage with Business, Functions, Regions & Regulated Entities
Drive engagement with businesses, functions, regions, and regulated entities to support effective deployment and day to day use of ERMF components, including Risk Appetite
Support cascading of ERM policy updates and risk appetite statements and metrics across regulated entities, promoting consistency and alignment
Engage with regulated entities to support the definition, assessment, and calibration of entity level risk appetite metrics and thresholds, in line with the Corporate Risk Appetite Framework
Partner with the Strategic Risk Management team to facilitate alignment to the Enterprise Risk Appetite Framework during strategic initiatives, including new products, acquisitions, and market entry
Support ongoing forums and roundtables between ERM and regulated entity Risk teams to promote dialogue, consistency, and continuous improvement
Partner with broader Mastercard Risk Functions
Support adoption of the ERMF through training, as needed
Engage with MA’s Risk Analytics Team to enhance reporting automation
Support development of risk appetite, policy compliance, and exception monitoring tools across corporate
Requirements:
Several years of risk management experience in a large multinational with a mature ERM program
Knowledge of risk management practices (e.g., ERM, ORM, technology) and risk frameworks (e.g., COSO, ISO 31000)
Strong interpersonal skills and ability to influence at all levels including outside his / her / their reporting lines
Experience in partnering with executive management
Articulate and highly effective communicator (written, oral, presentation)
Strong quantitative background with demonstrated success in applying risk management, including use of AI is a positive
Excellent analytical, problem solving and critical thinking skills. Keen attention to detail
Ability to work under pressure, in sometimes ambiguous circumstances
Understands and appreciates diverse backgrounds
Knowledge of the payments industry and products, competitive environment, consumer trends, and economic environment is a positive