Director – AML Advisory Services (Consulting Services Product Management)

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 Director – AML Advisory Services (Consulting Services Product Management) Overview Mastercard Services provides consulting, insights and analytics to financial institutions and merchants worldwide. With its unique category expertise, deep understanding of customer needs and successful track record in addressing complex challenges throughout the payments lifecycle, Mastercard Services addresses the challenges and opportunities of its clients, enhances Mastercard's strategic and tactical performance and establishes Mastercard's global thought-leadership pre-eminence. This role is part of the Global Consulting Product Management Group (within the Business & Marketing Insights group in Services) which covers a wide range of Advisory and Consulting Services. The team is responsible for driving development and commercialization of advisory and consulting solutions to grow our P&L. Within this team, we are looking for a senior candidate to set up our AML advisory services for our customers globally. The role will have a global remit and involve creating services offerings, frameworks, providing expert guidance to organizations on managing anti-money laundering (AML) risks, drive thought Leadership and in close collaboration with stakeholder teams, shape and support our Go To Market Strategy for AML Services. The candidate will have the opportunity to work with a high performing team across the organization (sales, product, internal compliance teams) and become an integral part of success making the Mastercard ecosystem safer and more secure for our customers. The ideal candidate will be passionate about AML and Financial Crime and have a strong background in AML, PEP & Sanctions and other compliance related topics. This role is key to the success of Mastercard in the AML ecosystem. Role • Drive P&L growth for the above mentioned advisory/consulting services and work with BD and Regional teams to pro-actively meet revenue targets • Develop solutions in partnership with other business units eg. core product, internal compliance teams etc. • Understand the latest trends in the market and build strong narratives around them • Ability to effectively build and prioritize the advisory/consulting services roadmap with commercially-oriented go-to-market planning and in close collaboration with peers and leadership • Innovative to continue evolving our services suite and drive future success by focusing on identifying and developing solutions that are scalable and drive recurring business for Mastercard Services • Interface with Mastercard units across the organization to represent advisory/consulting services suite and collaborate on building new ones. • Provide expert sales support and ensure close partnership with the Sales team • Ability to be a client-facing expert sales resource Some areas of AML services which need to be developed include: • Risk Assessment: Conducting comprehensive, enterprise-wide AML and sanctions risk assessments to identify vulnerabilities and assess existing controls. • Policy and Procedure Development: Designing, reviewing, enhancing, and developing AML program governance, including tailored policies, procedures, and risk appetite statements aligned requirements • Compliance Monitoring and Testing: Developing and executing independent testing and audit procedures to evaluate the effectiveness of AML controls and identify compliance gaps. • Investigations and Due Diligence: Assisting with transaction monitoring, performing "lookbacks" (retrospective reviews), conducting customer due diligence (CDD) and enhanced due diligence (EDD) for high-risk clients, and making recommendations on suspicious activity reporting (SARs). • Remediation and Regulatory Response: Advising clients on resolving deficiencies, managing remediation plans • System Implementation and Optimization: Assisting in the selection, implementation, tuning, and validation of AML technology systems and software to improve efficiency and accuracy. • Stakeholder Collaboration: Serving as a subject matter expert (SME), liaising with senior management, global product, legal, operations, and technology teams to implement effective compliance solutions. All About You • Years of related business experience in AML advisory, product management, product development, business development in financial services and/or bankcard industry preferred. • Excellent oral and written communication, negotiation, project management and matrix-management skills are critical • Ability to interact and coordinate effectively with internal and external business partners • Ability to effectively direct and manage multiple functions • Ability to initiate and effectively lead change efforts • Business Acumen with the ability to provide solutions that drive positive results to the customer and Mastercard • Ability to work across time zones to meet the needs of a global role • Self-motivated with a proven track record of delivering success while operating within a team environment, • Ability to thrive in the ambiguity that comes with a lean and agile team at the forefront of an evolving space • Embody the MA leadership principles: demonstrate courage & resolution; encourage teamwork, integration, & inclusion; execute the global strategy; inspire & empower; operate with a sense of urgency 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.