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

Associate Analyst, Legal Compliance, Mastercard Transaction Services-1

Overview

At Mastercard, we are committed to protecting our network and solutions from being used to facilitate money laundering and terrorist financing. The Mastercard Transaction Services (MTS) Compliance Analyst actively participates in a Shared Services support role for Non-Traditional Customers (NTC).

Mastercard has business lines, such as Data and Services (D&S), that enables and drives Mastercard's priorities by creating value for customers using expertise, data-driven insights and execution. As part of the Advisors business development, Channel Sales Partnership team focuses on new partnership strategy to unlock new revenue streams by managing partner relationships and supporting indirect sales pursuits. These channel partners are required to be screened with a focus on Anti-Money Laundering (AML) and Sanctions compliance. Reporting to the Manager-Legal Compliance, MTS, this role will execute the day-to-day onboarding and ongoing monitoring for these channel partners of D&S and end-users, when appropriate.

The Associate Analyst works under general supervision and leverages analytical reasoning skills to draw conclusions, resolve moderately complex research, perform root cause analysis, assess risk factors, and perform other assigned compliance activities as deemed necessary.
Role
•\tPerform Know Your Customer (KYC) due diligence onboarding identification and verification procedures for new and existing channel partners through the Fenergo system, with a focus on AML and sanctions compliance
•\tSearch public sources and subscription databases to prepare a pack of information on these parties, including information on an entity’s structure, beneficial ownership, control, public financial information, negative news, political exposure, and sanctions issues. From this data perform a risk assessment on the client profile to classify all red flags and high-risk indicators while ensuring all are effectively described.

•\tConduct initial and ongoing alert dispositioning relating to sanctions, adverse media. Politically Exposed Persons (PEPs), enforcement etc. screening, using resources and research to determine if alerts are positive or false positive.
•\tEscalate positive alerts to MTS management for further review. Confirmed positive alerts are escalated to D&S Compliance for further guidance and action
•\tConduct simplified due diligence screening process through GRID for potential prospects who are not yet in the onboarding process to ensure no sanctions or adverse information is related to the company or individual
•\tEnsure that Service Level Agreements (SLAs) are met for sales partner screening, including follow-up analysis and reconciliation
•\tPerform periodic Customer Due Diligence (CDD) reviews so that risks can be reevaluated and if activity is aligned with expectations
•\tDocument the review and investigation process followed for each channel partner due diligence and alert disposition process undertaken so that a clear, auditable trail is available of decisions made and actions taken
•\tProvide support to D&S compliance during the sales partner lifecycle to evaluate potential AML and sanctions risks
•\tProvide support and input for AML and sanctions Program Risk Assessments
•\tAdhere to compliance procedures and internal operational risk controls in accordance with all applicable regulatory standards, requirements, and policies
•\tSupport D&S Compliance team with metrics and reporting as needed
•\tEnsure proper recordkeeping is maintained for all processes

All About You
•\tBachelor’s degree required/or the equivalent experience in a compliance, risk management function in the financial services or payments industry.
•\tExperience of 1-2 years with AML and sanctions knowledge is preferred.
•\tAnalytical thinker and practical problem solver with demonstrated ability to partner effectively with others in handling issues
•\tMotivated self-starter with an appetite to learn and grow in a regulatory compliance function
•\tAbility to follow and execute procedures with limited supervision, to work in a fast paced and dynamic environment while handling multiple tasks simultaneously, and consistently meet established deadlines
•\tSound judgment with ability to build rapport at multiple levels, and across business lines; proven ability to persuade and drive results
•\tStrong attention to detail, problem-solving, organizational, and written/verbal communication skills
•\tGood understanding of AML, BSA, USA PATRIOT Act and OFAC controls and requirements
•\tTechnologically savvy with Microsoft Office and database tools

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.