Director, Legal Compliance

Our Purpose

We work 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. We cultivate a

culture of inclusion

for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team - one that makes better decisions, drives innovation and delivers better business results.

Job Title

Director, Legal Compliance

At Mastercard, we are committed to protecting our network from being used to facilitate money laundering or terrorist financing. The Global AML Compliance team actively participates in the development and implementation of a robust compliance program that is designed to meet our regulatory obligations and ensure that internal and external constituents understand and respect the importance of their responsibilities with regard to this function. The role of the Latin America and Caribbean (LAC) AML Compliance Director will be to develop relationships with key internal business partners as well as external customers to identify and measure potential AML risk to Mastercard, and work together to find mutually agreeable solutions to mitigate such risk. This person will serve as the single point of contact for oversight and implementation of the AML Program within the LAC region while reporting progress or escalating incidents of noncompliance to the Global VP, AML Advisory and SVP, AML, Sanctions and Export Controls Officer.
- All skills must be multilingual English, Portuguese, Spanish
- Locations: Sao Paulo, Brazil or Miami, US
- Develop relationships and work cross functionally with Franchise, Compliance Engagement & Performance, product teams, legal and regulatory counsel, and business partners at all levels within the organizational hierarchy to assess potential AML risk to Mastercard and implement controls to manage such risk during the onboarding of customers, creation or implementation of new products/programs and during mergers, acquisitions, and investment events
- Perform customer identification, verification, and monitoring procedures on new and existing customers to ensure adherence to Mastercard AML Standards and requirements
- Provide support during the customer and/or product lifecycle to evaluate potential AML risk associated with new or enhanced product offerings. Work with key business teams to develop solutions for meeting customer business needs and advancing Mastercard strategic initiatives while minimizing potential money laundering risk to Mastercard and other network participants
- Create and deliver engaging educational sessions designed to reinforce Mastercard’s AML Compliance principles throughout the evolution of the business
- Participate in all M&A and investment transactions from due diligence phase to integration in order to identify and manage potential AML compliance risk
- Establish regional AML Compliance standards as may be necessary to support local compliance requirements such as that which relates to our regulatory obligations in Latin America and the Caribbean
- Provide input to periodic AML Program Risk Assessment in order to account for activity within the LAC
- Establish and maintain AML Compliance Program tracking and metrics to identify trends and establish action items for program preservation and enhancements; provide regular reporting to Global VP and SVP AML, Sanctions, and Exports Control Officer

Role Primary Responsibilities:

- Manage regional network Customer preboarding and onboarding and drive customer’s adherence to Mastercard’s Rules
- Support and provide second level approval for GBSC Network Customer preboarding and onboarding and BVD alert adjudication processes
- Complete periodic quality control testing of GBSC’s tasks
- Manage regional FIU alerts, escalations, and investigative inquiries
- Provide AML and sanctions regional support to business lines and internal stakeholders
- Lead regional AML/Compliance Business Advisory team in meeting regional AML and Compliance needs, and supporting Senior Regional Counsel
- Assist in regional evaluation of M&A and joint venture opportunities
- Manage and execute regional onsite reviews of network customers and service providers
- Provide AML and sanctions expertise, guidance and approvals in regional products and services initiatives (i.e. RPPs, etc.)
- Support management reporting, presentations, and metrics processes
- Support and escalate Customers to the risk working groups by presenting elevated AML and sanctions risks
- Recommend process improvements
- Develop and provide regional AML and sanctions training

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