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Senior Managing Counsel, Regulatory role at Mastercard to lead global money transmission compliance program.
Drive regulatory strategy, manage compliance, and collaborate with teams across NY office.
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.
Title and Summary
Senior Managing Counsel, RegulatoryOverview The Global Regulatory team is looking for a Senior Managing Counsel, Regulatory to lead the MTS Regulatory team and drive the regulatory compliance program for MTS’s global portfolio of money transmission/payment services licenses. The ideal candidate is a seasoned regulatory attorney with demonstrated expertise in payments regulation and a compliance champion with deep experience in building and supporting compliance management programs.
Role
In this position, you will:
- Develop and execute regulatory strategy, including regulator engagement and advocacy efforts
- Serve as a liaison to business and/or functional departments in connection with regulatory engagements including regulatory examinations, meetings and other interactions.
- Manage external counsel as necessary, and review and analyze regulatory advice for advancing strategic initiatives
- Provide regulatory advice to business stakeholders on product development and operational matters, providing subject matter expertise with respect to operational requirements, policies, and procedures to comply with applicable regulatory obligations.
- Drive the design and implementation of compliance management policies and controls to effectively manage the regulatory risks related to account-to-account money transfer activity.
- Provide periodic reports to senior management on emerging regulatory obligations and the state of the regulatory compliance program.
- Coordinate regulatory examinations and management responses.
- Identify and manage regulatory changes, assisting product owners to develop creative solutions to address new requirements.
- Maintain strong industry knowledge of regulations, changes, trends and impacts to the business.
All About You
JD from an established and reputable law school
Experience managing regulatory supervision is a must
Experience in cross-border payments, and developing and managing related regulatory compliance programs for large bank or non-bank financial institution
Dynamic leader with experience managing a global team, managing executive stakeholders, and gaining buy-in for enabling strategy
Proven success in navigating a multi-national organization and operating effectively within a diverse multicultural organization
Self-starter / motivated to work independently and as an effective team member
Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities
Strong analytic capabilities and excellent written and oral communication skills
Knowledge of Money Transmitter regulations and license requirements is preferred
Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact reasonable_accommodation@mastercard.com and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
- 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.
Compensation and Benefits
In line with Mastercard’s total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance); flexible spending account and health savings account; paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 10 annual paid U.S. observed holidays; 401k with a best-in-class company match; deferred compensation for eligible roles; fitness reimbursement or on-site fitness facilities; eligibility for tuition reimbursement; and many more. Mastercard benefits for interns generally include: 56 hours of Paid Sick and Safe Time; jury duty leave; and on-site fitness facilities in some locations.
Pay Ranges
- New York City, New York: $250,000 - $400,000 USD
- Atlanta, Georgia: $208,000 - $333,000 USD
- Boston, Massachusetts: $239,000 - $383,000 USD
- Chicago, Illinois: $208,000 - $333,000 USD
- Miami, Florida: $208,000 - $333,000 USD
- Purchase, New York: $239,000 - $383,000 USD