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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
Director, Legal Compliance
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.
Position Details
Please note: This role is based in our Peterborough office (PE7 8FJ). Candidates must be comfortable working from our office 3 days per week.
The Mastercard Prepaid Management Services (MPMS) Compliance Team is responsible for ensuring the MPMS business adheres to all regulatory requirements, including Anti-Money Laundering (AML) policies and legislation.
The Director, Legal Compliance, reports to the VP Compliance, Risk & Fraud and provides direction and support for the implementation and oversight of the business compliance program, including AML, Sanctions, Treating Customers Fairly, and Foreign Account Tax Compliance Act (FATCA) globally.
Key Responsibilities
1. Deputize for the VP Global Compliance, as required.
2. Manage a team of Analysts within EMEAA region.
3. Develop and maintain compliance risk assessments, policies, and procedures to ensure alignment with relevant legislation, industry guidance, and issuer requirements, covering areas such as AML, CDD, TCF, identity theft, vulnerable customers, PEP & sanctions screening, distributor oversight, and risk assessments.
4. Understand issuer compliance and AML requirements; develop appropriate program frameworks, including system development, operational processes, and resource planning.
5. Manage ongoing compliance relationships with issuers, including new product initiatives, AML monitoring, SAR reporting, policy reviews, and regular communication.
6. Oversee AML transaction monitoring and sanctions screening systems, including configuration and testing.
7. Manage sanctions screening programs for cardholders, distributors, and corporates across all regions.
8. Review and assess new business projects and design compliance controls to ensure regulatory adherence.
9. Sign off on new market and product launches, and represent MPMS Compliance at PI Planning events.
10. Review and approve marketing materials and financial promotions, ensuring compliance with industry guidance and issuer requirements.
11. Implement and oversee compliance training programs, including content updates, tracking, and escalation of non-compliance.
12. Review departmental processes for efficiency and cost-effectiveness.
13. Support process improvements related to KYC and compliance requirements.
14. Act as escalation point for compliance queries from other business areas.
15. Provide regular reporting and MI to VP Global Compliance and escalate issues as needed.
16. Manage internal and external audits, including documentation, responses, and improvements.
17. Maintain HMRC Money Service Business registration and stay updated on industry and regulatory developments.
18. Assess the impact of regulatory changes and design controls for compliance updates across the organization.
19. Maintain accurate records to ensure data availability for internal and external reviews.
Core Skills
1. Significant experience in a senior compliance role within financial services.
2. ACAMS/ICA certification.
3. Bachelor’s degree or higher.
4. Expertise in AML regulations and sanctions across all regions of operation.
5. Ability to interpret regulations and develop operational procedures for compliance.
6. Ability to handle sensitive and confidential information.
7. Strong communication skills, both verbal and written.
8. Ability to build internal and external relationships.
9. Analytical skills with attention to detail, able to identify anomalies and trends.
10. Effective task management and prioritization skills.
11. Knowledge of prepaid card/electronic money products.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks come with inherent risks. Everyone working for or on behalf of Mastercard is responsible for information security and must:
* Abide by Mastercard’s security policies and practices.
* Ensure confidentiality and integrity of accessed information.
* Report any suspected security violations or breaches.
* Complete all mandatory security trainings.
Additional Details
* Seniority level: Director
* Employment type: Full-time
* Job function: Legal
* Industries: Financial Services, IT Services and IT Consulting, Technology, Information and Internet
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Location and Salary
Peterborough, England, UK — £74,160.00 (annual)
Posted 4 weeks ago, with recent activity in the area.
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