Director, Settlement Operations, Brazil

Mastercard; São Paulo; On-site; BRL 500,000 - 800,000; Full time

Job summary

Mastercard in Brazil seeks a Director of Settlement Operations to lead Card Network Settlement activities across issuers and acquirers. This role drives daily settlement processing, monitors market participants, and navigates crises to safeguard market stability.

The ideal candidate will be bilingual (Portuguese/English), possess deep Brazil market knowledge, and demonstrate executive presence with strong communication to senior leadership. Bachelor’s degree required; Master’s preferred.

Qualifications

• Bachelor's degree in a related field; advanced degree preferred.
• Proven ability to lead settlement operations and cross-functional teams.

Responsibilities

• Oversee Brazil’s domestic settlement operations by monitoring daily payment statuses of issuers and acquirers, resolving funding issues, and coordinating reprocessing.
• Lead weekly participant onboarding and maintenance for Mastercard scheme, including issuers, acquirers, and sub-acquirers.
• Serve as Brazil market SME, driving cross-functional issue resolution with customers, vendors, and internal teams.
• Manage monthly IOF tax withholding for transactions abroad, ensuring compliance and accuracy.
• Lead financial reconciliation and reporting for crisis events to support stakeholders.
• Support audits and regulatory reporting with timely, precise settlement data.
• Ensure settlement infrastructure continuity through testing, certificate management, and risk mitigation.
• Maintain up-to-date procedure and crisis playbooks for settlement operations across product lines.

Skills

Leadership

Stakeholder mgmt

Crisis management

Project management

Communication

Bilingual PT-EN

Education

Bachelor's degree

Master's degree preferred

Job description

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.

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

Director, Settlement Operations, Brazil

Director, Settlement Operations, Brazil

Overview

The Director of Settlement Operations will lead Mastercard’s Card Network Settlement Operations in Brazil. This role oversees the service delivery team responsible for facilitating the settlement of funds between Mastercard customers, including daily settlement processing and the monitoring of participants across the network ecosystem.

Role

• Oversee Brazil’s domestic settlement operations by monitoring daily payment statuses of issuers and acquirers, resolving funding failures, coordinating reprocessing and managing escalations to maintain market stability.[BB1.1]
• Manage weekly participant onboarding and maintenance activities for the Mastercard scheme, including additions, updates, and removal of issuers, acquirers, and sub-acquirers at Nuclea supporting Franchise[BB2.1]
• Serve as the Brazil market subject-matter expert, leading cross-functional issue resolution and stakeholder engagement across customers, vendors, and internal teams[BB3.1]
• Manage the monthly IOF tax withholding process for credit, debit and prepaid card transactions for transactions made abroad in foreign countries[BB4.1]
• Lead financial reconciliation and exposure reporting for crisis events, and provide analysis and quantification to support internal stakeholders
• Support audit and compliance requirements by producing accurate, time-sensitive transaction and settlement reports for auditors, regulators, and internal stakeholders[BB5.1]
• Ensure settlement infrastructure continuity through certificate lifecycle management, partner coordination, testing, implementation, and operational risk mitigation.[BB6.1]
• Ensure comprehensive and up to update documentation on procedures, controls and crisis management playbook for settlement operations across product lines in country
• Act as a trusted operational risk advisor to Second Line Operational Risk Team and recommend creation of new process controls to mitigate residual operational risks.

All About You

• Bi-Lingual in Portuguese and English with strong communication skills; able to clearly articulate intricate Brazilian market nuances in a clear and concise manner to senior leadership
• Deep knowledge of Brazil market, payment trends, practices, and systems
• Must demonstrate a high level of maturity when managing crises situations
• Executive presence, strong communication and interpersonal skills, including the ability to lead, work with and influence people across a matrix organization at all levels
• Strong project management skills and high-level of customer focus

Education And Competencies

• Bachelor's degree required. Master's degree preferred
• Demonstrated experience with Brazil-specific payment networks; prior Mastercard experience is 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.