Compliance Officer / MLRO

4w4 weeks ago

Mastercard

London, GB · Full-time · £100,000 – £160,000

About this role

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.

The Compliance Officer & MLRO manages the AML/CTF & Sanctions execution of the MTS UK Compliance program under the supervision of the MTS VP Legal Compliance for the Region. Main responsibilities include review and escalations concerning prospects and existing customer due diligence and high-risk activities. The role involves drafting and maintaining policies and procedures, internal and external reporting activities.

The candidate must think and act both strategically and tactically while partnering cross-functionally with various business and operations departments across Mastercard. Acts as the main liaison to elevate stakeholders' understanding of legal and regulatory responsibilities in day-to-day operations. Serves as the go-to person for resolution of routine compliance issues.

Participate in various compliance impact assessments and projects to verify compliance of existing products and advise on new services. Provide valuable input to feed the Compliance continuous improvement process. Respond to regulatory enquiries from customers, regulators and banking partners.

Requirements

Master’s degree in law or business, a compliance or MLRO certification is an advantage
Experience with latest approaches for compliance risk management and with complying with money transfer and payments regulations
Practical problem solver with demonstrated ability to work across functions with multi-disciplinary teams
Excellent written, oral, and presentation skills
Fluent in English (both orally and in writing)
Strong communication and management skills, assertive and diplomatic team worker who works accurately
Strong organizational & interpersonal skills
Flexible and hands-on attitude, detail oriented

Responsibilities

Provide advice on UK compliance laws, rules and standards and monitor the evolution of the regulatory compliance environment
Develop a compliance program for MTS (UK) that outlines the planned implementation and review of policies and procedures
Track ongoing measurement and monitoring of compliance program efforts and controls, including compiling data or metrics for reporting
Analyze and investigate potential compliance risks to minimize adverse financial impact and lawful liability
Report on compliance risks to the management & Board, on a regular basis
Support or execute large scale compliance projects, working closely with internal stakeholders
Review and validate due diligence on potential and existing customers
Respond to regulatory enquiries from customers, regulators and banking partners