Manager, Risk Management

Our Purpose

We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.

Title and Summary

Manager, Risk Management

This role supports the global Third-Party Risk Management (TPRM) program and ensures robust risk assessment and ongoing monitoring practices for a portfolio of third-party relationships. Through collaboration with business relationship owners, business leadership, external third parties, and internal subject matter experts (i.e., Corporate Security, Compliance, Legal, Privacy), the incumbent enables and advances program objectives by helping assigned business units or regions understand, measure, and manage the risks inherent with third party relationships. The role will ensure third-party risk remediation adhere to the company’s risk appetite and demonstrate Mastercard’s best-in-class compliance with all relevant laws globally.

‒ Do you have an eye for identifying risks and control deficiencies?
‒ Have you ever proactively identified and solved complex problems that could impact a company’s reputation and or customer relationships?
‒ Have you ever conducted remote or on-site third-party audits with various internal and external stakeholders?

Role:

‒ Maintain strong understanding of the products, services, and activities of assigned business unit, as well as third party risk management principles and practices, and leverage that understanding to provide consulting, guidance and education to stakeholders throughout the third-party lifecycle.
‒ Establish and manage risk dashboards and other reports for key stakeholders and help them understand and manage their third-party portfolio from a risk perspective.
‒ Ensure third party adherence to Mastercard’s standards and contractual requirements via overseeing and/or directly performing remote and on-site assessments of third parties with a focus on Privacy and Data Protection.
‒ Assess identified issues and coordinate with business relationship owners and other stakeholders to develop appropriate action plans and monitor to resolution
‒ Understand customer and regulatory requirements related to assigned third party portfolio, and represent TPRM during internal, customer, or regulatory audits/assessments.
‒ Coordinate with business development and Privacy and Data Protection team to ensure that commitments to customers regarding TPRM program capabilities are appropriate, inventoried, and managed.
‒ Support M&A due diligence activities related to supplier and other third party risk matters.
‒ Represent TPRM on business unit, regional, Privacy and Data Protection and/or risk function committees and working groups.
‒ Coordinate with Sourcing, risk functions, Privacy and Data Protection and Crisis Management teams to address vendor performance problems or third party incidents.
- Manage the comprehensive assessment program coordination and ensure completion of target number of reviews annually.

The ideal candidate for this position should:
All About You Experience:
• Thorough knowledge and experience in the TPRM discipline; including identification, segmentation, analysis, evaluation, issue identification and remediation and reporting.
• Have a good understanding and a working knowledge of navigating, updating and performing data entry into a GRC tools.
• Knowledge of and expertise in risk management frameworks and processes preferably in financial services industry and payment processing.
• Understanding of complex data systems in order to identify privacy / information security risks including knowledge of data driven technologies.
• Be committed to effectively serving internal customers, and proven experience in relationship building and partnering, including first-line engagement.
• Capacity to quickly grasp essence of new global privacy and data laws, and understand resulting requirements for implementation of risk assessment practices.

Education and Skills:
• Bachelor’s degree or equivalent work experience required.
• Preference given to candidates