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MasterCard Manager, Regulatory Compliance, Open Banking & Fair Credit Reporting in Purchase, New York

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

Manager, Regulatory Compliance, Open Banking & Fair Credit Reporting

Overview

The Regulatory Affairs team is looking for a Manager, Regulatory Compliance to drive the regulatory compliance program for our open banking products in North America. The ideal candidate is a compliance champion with deep experience with building and supporting compliance management programs and a background in payments and financial technology.

Role

In this position, you will:

  • Provide subject matter expertise with respect to operational requirements, policies, and procedures to comply with applicable regulatory obligations for open banking products focused on payment services, financial data aggregation, and alternative credit data.

  • Drive the design and implementation of compliance management policies and controls to effectively manage the regulatory risks related to operating open banking, credit reporting, and other platforms, such as FCRA, UDAAP, GLBA, Reg E and other requirements.

  • Conduct compliance monitoring and risk assessments, providing periodic compliance reports to senior management. Manage remediation efforts.

  • Coordinate regulatory examinations and management responses.

  • Identify and manage regulatory changes, assisting product owners to develop creative solutions to address new requirements.

All About You

Education:

• Bachelor’s degree is required

• CRCM certification preferred

Experience:

• Experience in banking and/or lending regulatory compliance

• Strong knowledge of U.S. consumer protection, privacy, and data security regulations (e.g. FCRA, UDAAP, GLBA), FFIEC standards, and industry best practices.

• Experience building compliance management systems, including performing compliance risk assessments, and performing regulatory compliance reviews

• Ability to analyze FCRA data for reviews and audits

• Creative thinker able to support innovation while still managing risk

• Strong analytic capabilities and written and oral communication skills

COVID-19 Considerations

We value the safety of each member of our community because we know we’re all in this together. In many locations, which may change over time, we’ve implemented a virtual hiring process and continue to interview candidates by video or phone. In addition, in some locations, only individuals who have been fully vaccinated will be permitted inside Mastercard offices until further notice.

In the US, Mastercard is a government contractor, which may legally require most Mastercard employees to be vaccinated unless a verified approved medical or religious exemption is granted. Further, we are currently making every effort towards having employees return to work in the office 2 days per week, if that makes sense for their team. Everyone must be vaccinated to enter Mastercard offices at this time. Therefore, we expect all candidates to be vaccinated or to be approved for a medical or religious accommodation prior to commencing work at Mastercard.

In the US, Mastercard is an inclusive Equal Employment Opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. If you require accommodations or assistance to complete the online application process, please contact reasonable_accommodation@mastercard.com and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

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.

Requisition ID: R-155777

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