FCC Manager

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

FCC Manager

Job Title: Manager, Mastercard Transaction Services, FCC

MTS Overview:
Mastercard Transaction Services (MTS) and its subsidiaries are the legal entities under which all Mastercard’s licensed money transfer and payment initiation services will be conducted, reporting into the Commercial and New Payments Platform (CNPF) division. The MTS business unit and the MTS shared services functions are housed under the umbrella of MTS and are comprised of components central to the activities of a licensed payment services firm. These components include:
• Payment/Money transmitter licenses for operating payments business in defined jurisdictions
• Contract definition (associated T&Cs) specific to the MTS entity and its umbrella geographies
• Associated settlement accounts and other services for the relevant MTS entity
• Compliance services including, but not limited to, due diligence, real-time sanctions screening/AML/fraud management, etc.
• Regulatory reporting to the relevant regulators on behalf of the regulated business and its subsequent activities

MTS US is the authorized and regulated licensed entity within Mastercard Transaction Services (MTS) in the United States through which regulated payments activity is undertaken for our US-based customers and others around the world. MTS is a division within Mastercard that undertakes payments business wherever a product or business function requires regulated support.

MTS is seeking a Financial Intelligence Unit Financial Crimes Compliance (“FCC”) Manager who will assist the AML/CFT and Sanctions Officer (“AMLO”) coordinate and maintain a robust AML/CFT/Sanctions program in alignment with US AML/CFT regulations, including the Bank Secrecy Act, USAPA, AMLA, FinCEN, OFAC issued guidance, internal standards, and regional sanctions reporting obligations.

Additionally, the candidate will drive overall improvements in the financial crimes compliance program through consistently innovating and problem-solving in the Compliance arena, focusing not just on effectiveness, but also efficiency. The ideal candidate is passionate about the optimized compliance, understands the end-to-end workings of an AML/CFT and sanctions compliance program, highly motivated, intellectually curious, analytical, and possesses an entrepreneurial mindset. He or she also has a deep understanding of the AML/CFT/Sanctions regulatory and operational framework.

Role Summary:
The FCC Manager must be knowledgeable and skilled in the relevant AML/CFT/Sanctions Compliance areas. The FIU Manager will assist the AMLO for North Americas to develop management information systems for regular reporting, including to the MTS US Board and Management Committee on the status of the FCC program and its organization. The role will ensure, inter alia, that the Sanctions compliance program is well-designed and operational, that the Financial Intelligence Unit (“FUI”) for SAR reporting is meeting its regulatory obligations, and that KYC profiles are complete. The role will also assist in ensuring the transaction monitoring and sanctions filtering programs are compliant with NYSDFS Part 504.

This role requires working as part of a geographically diverse team and a matrix structure collaborating with multiple stakeholders across MTS and the wider Mastercard organization. This role demands excellent, clear, and articulate communication skills, both verbal and writing, and the ability to clearly and concisely communicate issues, regulations, and processes. MTS is poised for further expansion and now requires a seasoned FCC Manager to drive process improvement (both effectiveness and efficiency) within the MTS control framework.

Key Responsibilities:
1. Ensure sanctions alerts are resolved or escalated according to clear standards.
2. Meet sanctions reporting obligations, including, as necessary, filing of OFAC block, reject, and annual blocked property reports.
3. Review sanctions policies and procedures, benchmarking them against industry practices and regulatory guidance
4. Prepare sanctions metrics, trend analysis, and thematic reporting for inclusion in Board and Management reporting packages
5. Ensure continuation SARs, supplemental SARs, and voluntary SARs ar