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Mastercard · 3 months ago

Manager, Risk & Compliance - Consumer Compliance and AML -Open Banking

Salt Lake City, Utah (Ascension Way)

Full-time

Onsite

Mid, Senior Level

$103K/yr - $165K/yr

Mastercard is a leading global payments technology company committed to building a sustainable economy. The Compliance Manager for Open Banking will support Consumer products and conduct Anti-Money Laundering activities while collaborating with various internal partners to ensure compliance with regulations and manage risks.

FinanceFinancial ServicesInformation TechnologyPayments

Growth Opportunities

H1B Sponsor Likely

Responsibilities

Align compliance strategy and priorities with Senior Management and Board

Assess Compliance Risk Appetite and advise on appropriate actions to address areas outside of risk appetite through review of risks, controls, MIS and operational dashboards

Partner with Sales, product teams and functional partners to assess consumer financial & AML risks, design and timely implementation of compliance controls

Represent Consumer Compliance on critical regulatory matters. Collaborate with internal partners including Legal, Regulatory, Technology, and others to address compliance issues

Lead investigations of financial crime or breaches of compliance programs and support High risk customer due diligence escalations and risk assessment activities

Lead design, implementation and ongoing operation of compliance systems and tools

Support transaction monitoring systems, including data acquisition, development of new rules, rule optimization, and machine learning integration

Drive development of consumer compliance & AML training and guidance materials for internal and external stakeholders and partners

Maintain subject matter expertise and ongoing awareness of requirements of applicable consumer laws and industry best practices (Including but not limited to GLBA, UDAAP, FCRA, AML and other related laws and regulations)

Qualification

Consumer ComplianceAML/CFT practicesData analysisCompliance lawsRisk managementOpen Banking knowledgeCompliance certificationAttention to detailTime managementSelf-motivationAdaptability

Required

Knowledge of Compliance laws, rules, regulations, risks and typologies

Experience in banking or financial operations, payments industry, risk management or compliance related field

Proficiency in consumer regulations required (e.g., FCRA, UDAAP, GLBA, etc.) and BSA/AML/OFAC

Knowledge of Compliance Risk & Controls concepts and functions within financial services

Ability to interpret regulations and guidance to assess impact and develop practical operational procedures to ensure ongoing compliance

Adaptable to unexpected changes in expectations or requirements

Demonstrate a high degree of self-motivation, independence, organization, time management, and attention to detail

Preferred

Knowledge and experience of Open Banking products is a plus

Compliance certification, e.g. CAMS and/or CRCM or industry equivalent preferred

Benefits

Insurance (including medical, prescription drug, dental, vision, disability, life insurance)

Flexible spending account and health savings account

Paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave)

80 hours of Paid Sick and Safe Time

25 days of vacation time and 5 personal days, pro-rated based on date of hire

10 annual paid U.S. observed holidays

401k with a best-in-class company match

Deferred compensation for eligible roles

Fitness reimbursement or on-site fitness facilities

Eligibility for tuition reimbursement

Company

Mastercard

Glassdoor4.2

Mastercard is a financial network that processes payments between banks and cardholders.

Founded in 1966

Purchase, New York, USA

10001+ employees

http://www.mastercard.com

H1B Sponsorship

Mastercard has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2025 (540)

2024 (319)