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MasterCard VP, Controller - Applications and Real-Time Payments in London, United Kingdom

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 (https://www.mastercard.us/en-us/vision/who-we-are/diversity-inclusion.html) 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.

Job Title

VP, Controller - Applications and Real-Time Payments

Overview

Reporting to the Controller M&A and Technical Accounting, the VP, Controller - Applications and Real-Time Payments is responsible for ensuring the integrity of the accounting and financial environment for the Company’s applications and real-time payments divisions including legal entities of Vocalink, based in the UK, and Mastercard Payment Solutions (“MPS”), based in Denmark. Mastercard’s real-time account-to-account payments support a fast and transparent alternative to cash, check and batch payment systems, while its applications provide further solutions to customers for bill payment. Based in the UK and leading a team of eight, this role will ensure finance compliance with governmental regulatory requirements, and local statutory reporting guidelines as well as provide support to the business teams across a number of areas including accounting, finance, treasury and internal audit and controls.

Role

Accounting and Internal Controls

• Apply accounting principles to moderate and complex issues, including interpretation of technical accounting guidance, and ensure appropriate documentation of accounting positions is in place

• Advise the CFO, Applications and Real-Time Payments, and Controller M&A and Technical Accounting on all accounting related business transactions and accounting/ regulatory standards, including but not limited to revenue recognition, expenses, intercompany and impairment reviews

• Direct efforts to strengthen existing controls and optimize business processes by reviewing performance metrics/reports, as well as perform monitoring controls over the integrity of the financial records of legal entities that comprise the Vocalink and MPS businesses in partnership with the GBSC

• Act as a liaison between controllership and the GBSC for accounting and transaction services, facilitating the resolution of issues identified

• Work in partnership with technical accounting and risk for compliance activities (e.g., Mastercard policies, Sarbanes-Oxley Act (SOX) and Enterprise Risk Management (ERM)) and communicate potential exposures to leadership

• Support the statutory audits for the Vocalink and MPS legal entities, including preparation of audit documentation, interfacing with external auditors and liaising with the GBSC

• Establish collaborative partnerships with internal and external stakeholders (e.g., corporate function, business partners, regional controllers, external auditors and other third parties involved in the statutory reporting process) to achieve business objectives

• Oversee defined benefit pension accounting, including liaising with external advisors/actuary on assumptions and disclosures, assisting Corporate Treasury in managing the relationship with scheme trustees and Mastercard’s Corporate Controllers Group for appropriate US GAAP disclosures over pension plan accounting

• Support the management of intercompany arrangements, where required, in partnership with the GBSC, Tax, Legal and regional controllership, as applicable

• Support Tax and LFI teams in managing legal entity structure to ensure deals are correctly assessed and transactions are correctly recorded

• Support other audits as required (e.g., ISAE3000 audit)

• Oversee and monitor the revenues generated by the LINK business including the fee billing process as well as the respective accounting and reporting in the financial records

• Report to both management and respective Boards of Directors on financial reporting, regulatory and control-related matters on a recurring and ad hoc basis.

• Manage the respective accounting teams for Vocalink and MPS including goal setting and performance appraisal processes, coach and develop employees as an organizational resource

• Complete special requests for analysis, research, and detailed information, including other projects deemed necessary from time to time by Senior Management. The special requests may include researching, consulting and reviewing technical memorandums on proposed and/or completed transactions

Regulatory

• Support Vocalink and LFI teams in monitoring and reporting compliance with Bank of England oversight as well as MPS and LFI teams in monitoring and compliance with Danish regulations.

• Support the annual review of the monitoring trustee (independent entity appointed by CMA to monitor compliance with remedies)

Treasury and Cash Management

• Coordination with Mastercard Treasury on material banking activity

• Partner with finance on cash forecasting and monitoring of liquidity requirements.

All About You

In terms of the performance and personal competencies required for the position, we would highlight the following:

• Experience with US GAAP and/or IFRS accounting and reporting requirements

• Certified Public Accountant, Chartered Accountant, or equivalent required

• Market, industry and/or regulatory experience a strong plus

• Established as a trusted advisor to business partners; consults on complex technical accounting issues to final interpretation to ensure the integrity of the financials

• Experience assessing the effectiveness and oversight of operational and financial control implementation; ensures compliance within a diverse organization

• Process-minded change agent, with strong knowledge of internal controls, ability and experience to assess and design effective operational and financial controls

• Successfully drive and integrate change and cultivate a continuous improvement culture

• Experience delivering presentations and engaging with senior leadership

• Confident and poised Influencer who uses analytical and leadership skills to achieve goals

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.

Everyone wants easier ways to pay;

we invent them.

Checkout lines are slow;

we speed them along.

Merchants want more sales;

we give them data and insights.

People need financial access;

we connect them.

Corporate purchasing is complicated;

we make it simple.

Commuters are busy;

we speed them on their way.

Governments need greater efficiencies;

we help create them.

Small businesses are virtual;

we give them access to a world of buyers.

Retailers want to fight fraud;

we provide the tools.

Requisition ID: R-188420

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