Chief Compliance Officer, Transaction Services

Location: Purchase
Posted on: June 23, 2025

Job Description:

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. MTS Overview: Mastercard Transaction Services (MTS) and its subsidiaries are the legal entities under which all of Mastercard’s licensed money transfer and payment initiation services will be conducted, reporting into the Commercial and New Payments Platform (CNPF) division. The MTS business unit and the MTS shared services functions are housed under the umbrella of MTS and are comprised of components central to the activities of a licensed payment services firm. These components include: • Payment/Money transmitter licenses for operating payments business in defined jurisdictions • Contract definition (associated T&Cs) specific to the MTS entity and its umbrella geographies • Associated settlement accounts and other services for the relevant MTS entity • Compliance services including, but not limited to, due diligence, real-time sanctions screening/AML/fraud management, etc. • Regulatory reporting to the relevant regulators on behalf of the regulated business and its subsequent activities Role Summary: This key global role provides ownership and strategy, management, and single point of senior management liaison. They will work closely with executive stakeholders across the business spanning product, sales, and heads of the MTS business engaging as a true business partner helping us balance what is needed for compliance but also understanding business risk and influencing product and business decisions. The SVP will also lead a hybrid compliance structure with a mix of centralized MA enterprise services and management along with localized compliance officers and Subject Matter Exprts (SME). As part of this, they will be responsible for developing and implementing policies, procedures, and controls that are tailored to the companys business and comply with global policies and standards, and local regulations. In addition to providing guidance and training to the relevant MTS-related businesses on AML and Sanctions compliance matters. By having a dedicated SVP, Global Compliance Officer, MTS the company demonstrates its commitment to compliance and builds trust with regulators, customers, and other stakeholders, ultimately safeguarding the long-term success of the business. • Provide comprehensive subject matter expertise to support development and implementation of business strategy • Manage and oversight responsibilities for all AML and Sanctions programs under MTS and its subsidiaries • Develop and implement a future state compliance operating and engagement model to support the MA enterprise at 1st line of defence operational level • Drive a well-balanced compliance framework aligned with market risk profiles by navigating a new and evolving business model spanning both regulated and non-regulated markets • Lead and manage a dedicated, 1st-line operational compliance function to effectively and efficiently manage complex and growing compliance obligations across multiple payment flows • Develop and further build the existing risk and compliance team and program inclusive of strategic leadership and oversight, entity specific compliance officers and managers, and centralized/local compliance functions • Manage and provide ongoing development of a global MTS compliance team, with a focus on managing relationships with regulators, auditors, and other internal and external stakeholders • Remain current with changes in AML and Sanctions regulations and industry best practices • Develop and implement AML and Sanctions policies, procedures, and controls in line with global standards and local regulations • Ensure that all business activities, customers, transactions, and third-party relationships are appropriately, assessed, screened and monitored for AML and Sanctions risks • Develop training to the business and compliance team on AML and Sanctions compliance matters • Investigate and report suspicious activity and potential sanctions violations or export control breaches to the relevant authorities • Develop and enhance and manage service level agreements (SLAs) with key stakeholders through management reporting of quarterly business reviews, and board reporting submissions • Deliver on operating efficiencies with effective capacity modelling and resource planning All About You • Strong capability in assessing, directing, building/remodelling compliance programs spanning diverse, complex or high-risk business areas, geographies, products and services • Proven track-record in leveraging various risk management techniques to align business to group standards, while establishing frameworks which create the required room for local regulatory flexibility • Extensive experience executing compliance programs, including design, implementation and oversight of controls • Must be able to work on highly complex issues of significant importance with a focus on detail • Experience in AML and Sanctions compliance in a global financial institution, multinational corporation, or card network company • Strong knowledge of AML and Sanctions regulations and industry standards, including OFAC, EU, UN sanctions regimes, and US and EU export control laws and regulations • Strong business acumen and solutions oriented with a focus on execution and managing budget • Experience interacting with senior management and board directors

Keywords: , Fairfield , Chief Compliance Officer, Transaction Services, Accounting, Auditing , Purchase, Connecticut