Director, Settlement Operations Risks & Controls

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, Settlement Operations Risks & Controls 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. The Treasury function at Mastercard is responsible for safeguarding and optimizing the company’s financial resources globally. Within Treasury, the Global Settlement Operations team manages the movement of funds related to Mastercard transactions and ensures operational excellence across all settlement activities. The team facilitates settlement of ~$25 billion daily activity in 80+ currencies via round the clock support in India, Poland, USA and Colombia. This Director, Settlement Operations Risks & Controls role will be responsible for shaping and maintaining a resilient global settlement environment, ensuring operational stability and driving continuous improvements across all MA settlement products, processes, and internal controls. This individual will collaborate with Operational teams and process owners responsible for Settlement to identify process gaps, inefficiencies and emerging risks. Responsibilities: • Review internal Settlement processes in collaboration with process owners to identify control gaps, inefficiencies and emerging risks. • Act as a trusted operational risk advisor to First Line Process Owners and recommend creation of new process controls to mitigate residual operational risks. • Define Key Risk Indicators (KRIs) and thresholds for proactively identifying and reporting operational risks in processes owned by Global Settlement Operations. • Lead and coordinate internal and external audit exercises across Settlement and ensure SOX and SOC1 compliance. • Manage Mastercard’s alternate settlement bank process globally by ensuring proper planning and coordination with relevant teams and executing and reporting results to senior management. • Establish and maintain policies and procedures supporting settlement, including the annual refresh of settlement procedures. • Ensure compliance with internal Treasury Policies and document exceptions to provide leadership visibility. • Coordinate and oversee bank administrative activities with support of internal teams, including KYC, signer maintenance and quarterly bank rationalization. • Ensure risk events are documented and work with internal partners to propose and lead process improvements to mitigate financial risk. • Establish cadence with Second Line Process Owners to enhance Mastercard Internal Control environment. • Maintain and refresh business continuity plans for Settlement, including leading periodic contingency exercises with internal partners. • Support the management of banking relationships, including periodic business reviews. • Collaborate with Settlement & Currency Services Product and Technology teams to ensure proper implementation of new products and systems. All About You: • Educational qualification: Bach