Digital Currency Enablement Director

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

Digital Currency Enablement Director

MTS Overview:
Mastercard Transaction Services (MTS) and its subsidiaries are the legal entities under which all of 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) 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.

Role Summary:
The Mastercard Transaction Services (MTS) Compliance team is looking for a Digital Currency Enablement, Director who will work with digital currencies and blockchain technology to prevent bad actors from exploiting the Mastercard Transaction Services platform. The candidate will drive our stablecoin solution strategy with internal and external customers by innovating and problem-solving. The ideal candidate is passionate about the customer experience journey, highly motivated, intellectually curious, analytical, and possesses an entrepreneurial mindset.

Candidate will focus on implementing, scaling and maintaining the new stablecoin solution. Candidate will coordinate with various Mastercard and MTS functions and ensure all risks are mitigated. The candidate will report directly to the US AML/BSA Officer and ensure the successful deployment of the initiative.
• The Director position combines strong understanding and facilitates the development of the digital currency initiative within the MTS regulated rails, identifies process efficiency and the project delivery lifecycle experience alongside knowledge of Legal, Regulatory and Compliance laws and methodologies
• Reporting to and working closely with the BSA Officer to focus on continuous improvements of MTS integration, standards and processes by designing and leveraging enhanced capabilities and tools (Elliptic)
• The role will ensure that internal and external customer needs are translated into tangible process improvement activities, establishing and executing clear implementation plans
• The candidate in this role will interactive with regulators and also work across Legal, Regulatory, Compliance, and Product/Shared Services on other joint Crypto initiatives as appropriate

Role Responsibilities:
• Represent MTS Compliance in the design, implementation and ongoing maintenance of the Digital Currency Enablement initiative including the onboarding and monitoring of customers and their related transactions
• Ensure all Compliance related documentation including, policy, procedures, risk assessments, training is in full compliance with regulatory expectations (e.g., NYDFS)
• Translates business/customer needs into process improvement objectives, and establishes/coordinates a plan for implementation
• Act as a consultant and partner to Mastercard product lines which are targeting Cryptocurrency regulated funds transfers and flows, to help them understand the challenges of operating a regulated money transfer business and helping to address them by ‘building on’ the capabilities of MTS Platform
• Support development of the investment case for the MTS platform and services capabilities
• Optimize business processes to achieve more efficient results including establishing standard processes and best practices
• Own the enhancement