Compliance Assurance Analyst

Mastercard, Inc.; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a Compliance Assurance Analyst to enhance its compliance monitoring and testing efforts. This role involves designing testing procedures, conducting thorough analyses, and ensuring adherence to regulatory standards. The ideal candidate will possess strong experience in compliance within the payments or banking sectors, showcasing effective communication and organizational skills. Join a forward-thinking company committed to ethical practices and innovation in the digital economy, where your contributions will help shape a secure and efficient financial landscape.

Qualifications

• 3-5 years of compliance experience in monitoring and testing roles.
• Strong knowledge of Assurance, Monitoring, and Testing practices.

Responsibilities

• Define testing strategies and conduct root cause analysis.
• Lead testing of compliance practices and communicate issues to management.

Skills

Compliance Monitoring

Testing Strategies

Root Cause Analysis

Effective Communication

Attention to Detail

Education

Bachelor's Degree

Tools

Testing Tools

Data Flow Diagrams

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, 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

Compliance Assurance Analyst

Location: London

Overview
Mastercard is a global technology company in the payments industry. Our mission is 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. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Overview

Leveraging Mastercard's global payments network, our account-to-account business provides domestic and cross-border solutions to enable the frictionless future of payments. We help our customers leverage rich messaging functionality and applications to capture business and consumer payment flows both domestically and cross-border; offer solutions to connect, enable, and safeguard the Open Banking ecosystem, and protect banks and their customers. All this is supported by account-based data insights and consulting to help our clients optimize their payment strategies across the world. The Open Banking team is looking to expand its product offering on a global basis.

At Mastercard, we are committed to the highest standards of ethics and integrity. Ethics and Compliance are at the core of our company values and are essential to both the personal success of every Mastercard employee and to the success of the company. The Analyst will be responsible for leading monitoring and testing of compliance program activities across EU/UK Open banking. Working under general supervision, this role will design testing procedures, test plans, and assist in the assessment of the effectiveness of compliance systems and controls.

Role

1. Define testing strategies and approaches, including manual and automated testing of controls
2. Conduct root cause analysis and provide recommendations for process improvements and enhancements
3. Lead testing of complaints handling, outsourcing, major incidents, and data compliance practices and controls
4. Communicate issues identified during testing processes to management staff as appropriate
5. Support systems used for maintaining an effective compliance program
6. Remain up to date with new testing tools, technologies, and industry best practices, including AI to enhance testing strategies

All About You

1. Three (3) to five (5) years of compliance experience in a monitoring and testing role at a PSP or Bank
2. Strong knowledge of Assurance, Monitoring, and Testing practices with demonstrated experience
3. Exposure to testing processes, including test planning, test case preparation, execution, and recommendation/action management
4. Experience in an EMI, PSP, or fintech environment is preferable
5. Basic understanding of System Architectures and data flow diagrams and documentation
6. Basic understanding of Open Banking
7. Demonstrate a high degree of self-motivation, organization, time management, and attention to detail
8. Effective communication skills to executives, peers, and staff with impact, eloquence, and authenticity
9. Strong interpersonal skills, with both oral and written communication abilities, including drafting technical documents tailored to diverse audiences

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks come with an inherent risk to the organization. Therefore, 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;
• Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.