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Title and Summary

Senior Analyst, Legal Compliance

Senior Compliance Analyst - MPMS

Mastercard Prepaid Management Services (MPMS), in its capacity as Program Manager, is contractually responsible for the services it undertakes on behalf of its Prepaid Card Issuers and for ensuring they (and MPMS) remain compliant to regulatory requirements.

The compliance function is responsible for ensuring that the business adheres to all regulatory requirements, including anti-money laundering and sanction laws. This includes developing and implementing policies, systems and processes that meet both regulatory and internal standards, monitoring compliance and providing guidance to mitigate risks and maintain the integrity of the organization.

The role of Senior Compliance Analyst is to assist in day-to-day operational compliance tasks and more senior compliance duties, ensuring compliance with anti-money laundering (AML) regulations and other regulatory requirements.

Key Accountabilities

• Continuous analysis of transactions using automated systems and manual reviews to detect patterns indicative of money laundering and other financial crimes.

• Review and investigate transaction monitoring alerts to determine if activity is suspicious, though the undertaking of detailed analysis of cardholder activity and expected use.

• Support the broader team in the preparing and filing suspicious activity reports (SARs) with our prepaid card issuers, where the criteria has been met for suspicious behaviour.

• Manage processing of reports of unusual activity received from internal or external stakeholders.

• Manage escalated cases relating to potential sanction or Politically Exposed Persons matches.

• Assist with oversight/assurance and testing work in support of the wider team.

• Ensuring that Mastercard Prepaid Management Services continues to adhere to all relevant AML laws, regulations and internal policies.

• Work closely with Compliance team members to address any issues and pro-actively improve processes.

• Step-in and assist with wider operational compliance tasks, including the review of PEP/Sanction alerts, corporate program monitoring, PEP monitoring and any other tasks managed by the operational team.

Core Skills

• Analytical skills: Ability to scrutinize large volumes of transaction data to identify patterns, trends and anomalies that may indicate suspicious activity.

• Attention to Detail: Meticulous attention to detail to ensure accurate detection and reporting of suspicious transactions.

• Knowledge of AML Regulations and typologies: Understanding of AML laws, regulations and best-practice guidelines.

• Critical Thinking: Strong problem-solving skills to evaluate complex scenarios and make informed decisions.

• Technical Proficiency: Familiarity with transaction monitoring software, data analysis tools and databases.

• Research Skills: Ability to conduct thorough investigations using both internal and external resources to make informed decisions.

• Communication Skills: Effective verbal and written communication skills to prepare clear and concise reports, interacting with various stakeholders within the team.

• Knowledge and understanding of prepaid card / electronic money products preferable.

Education And Skills (All About You)

• Bachelor’s degree required.

• AML and Sanctions compliance experience in banking/financial operations.

• Sound skills with AML compliance program requirements and experience with program/project management and familiarity with FATF, FCA, EBA international standards, and practices and knowledge of banking/financial operations, transaction processing and/or payments-related industry experience is preferred

• Sound judgment with ability to build rapport at all levels, and in all business units; proven ability to persuade and drive results

• Proven ability to work independently in a fast-paced matrix environment or as a team player and function effectively in a dynamic, fast paced environment while handling multiple projects and consistently meeting deadlines

• Practical problem solver with demonstrated ability to partner effectively with others in handling complex and/or sensitive issues

• Certified Anti-Money Laundering Specialist (ACAMS) or ICA (International Compliance Association) certification preferred

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.