This list contains only the countries for which job offers have been published in the selected language (e.g., in the French version, only job offers written in French are displayed, and in the English version, only those in English).
At Mastercard, we are committed to protecting our network from being used to facilitate money laundering, terrorist financing, and sanctions evasion. The AML and Sanctions Compliance team actively participates in the development and implementation of a robust compliance program that is designed to meet our regulatory obligations and ensure that internal and external constituents understand and respect the importance of their responsibilities regarding this function. The role of the 'VP, Europe AML and Sanctions Compliance' is to develop strong relationships with key internal business partners and external customers to identify, assess, and manage AML and sanctions risk to Mastercard. As the single point of contact for oversight and execution of the AML and Sanctions Programs across Europe, this leader will operate in a complex, multi jurisdiction environment spanning the European Union and the UK, partnering with local compliance teams to address country-specific requirements and supervisory expectations, and engaging as needed with European regulators and industry bodies. The VP will report progress and escalate incidents of noncompliance to the Senior Vice President - Global Mastercard AML and Sanctions Officer.
Job Responsibility
Develop relationships and work cross functionally with franchise development, franchise integrity, product specialists, legal and regulatory counsel, and business partners at all levels within the organizational hierarchy to assess potential AML and Sanctions risk to Mastercard and implement controls to manage such risk during the onboarding of customers, creation or implementation of new products/programs and during mergers, acquisitions, and investment events
Perform customer identification, verification and monitoring procedures on new and existing customers to ensure adherence to Mastercard AML and Sanctions Standards and requirements
Provide support during the customer and/or product lifecycle to evaluate potential AML and Sanctions risk associated with new or enhanced product offerings
Create and deliver engaging educational sessions designed to reinforce Mastercard's AML and Sanctions Compliance principles throughout the evolution of the business
Participate in all M&A and investment transactions from due diligence phase to integration in order to identify and manage potential AML and Sanctions compliance risk
Establish regional AML and Sanctions Compliance standards as necessary, to support local compliance requirements such as those relating to our regulatory obligations across Europe
Provide input to AML and Sanctions Risk Assessments in order to account for activity within the Europe region
Establish and maintain AML and Sanctions Compliance Program tracking and metrics to identify trends and establish action items for program preservation and enhancements
provide regular reporting to Global AML and Sanctions Officer
Requirements
Bachelor's degree required
Must have experience managing a regulatory compliance program
Intimate knowledge of AML compliance program requirements
Knowledge of banking/financial operations, transaction processing and/or payments-related industry experience is preferred
Sound judgment with ability to build rapport at all levels, and in all business units
proven ability to persuade and drive results
Proven ability to work independently or as a team player and function effectively in a dynamic, fast paced environment while handling multiple projects and consistently meeting deadlines
Superior attention to detail, problem-solving, organizational and written/verbal communication skills
ACAMS certification preferred
Nice to have
Knowledge of banking/financial operations, transaction processing and/or payments-related industry experience