VP, Risk Management - AP

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

VP, Risk Management - AP

Overview

At Mastercard we are committed to the highest standards of ethics and integrity. Risk is at the core of our company values and is essential to both the personal success of every Mastercard employee and to the success of the company. The VP Risk Management will lead the Asia Pacific risk second line function, is a key role within the Asia Pacific Leadership Team, reporting to Mastercard’s Chief Risk Officer for Regulated Entities. This role has responsibility for championing the legal entity operational and business risk management practices in Asia Pacific both internally at a regional management and Board level, and externally with all core customers and applicable regulators.


The Role

Maintain and develop the enterprise-wide risk management framework in Asia Pacific across the end-to-end business processes and in alignment with Mastercard parent overall risk management framework including the following:
• Leading the development of the Asia Pacific Risk strategy and contributes to broader strategic goals of the region
• Establishes and executes the enterprise and operational risk program for Asia Pacific, including promotion of the three lines of defense model, execution of 2nd line of defense oversight programs, and overall coordination of risk and control functions across the region
• Ensure the 1st Line of defense has an embedded risk management culture in Asia Pacific, with effective monitoring, analytical tools and appropriate training and support
• Ensure reporting and escalations are clear and actionable to regional management, Asia Pacific Risk & Governance Committee and Board – where relevant ensure risk stance and concerns are aggregated into Mastercard parent reporting
• Active and detailed involvement in material and risk-related change efforts to ensure visibility and challenge/input from risk through the change effort
• Maintain and monitor the risk taxonomy and aggregate risk appetite to provide the regional management team, Mastercard parent, and the Asia Pacific board with visibility of any breaches to risk appetite positions in a timely manner
• In collaboration with regional management, legal and regulatory compliance as well as internal/external auditors, ensure the level and quality of risk assurance is commensurate with the risk profile and risk appetite of the business
• Perform independent control deep dives where thematic control issues are identified or suspected
• Provide input into Internal Audit’s annual risk assessment for Asia Pacific
• Provide senior risk leadership and oversight for emerging payment technologies. Ensuring risks related to regulation, ecosystem integrity, settlement, fraud and financial crime are appropriately identified, governed and managed while enabling responsible innovation and business growth.
• Serves as primary subject matter liaison with regulatory authorities within Asia Pacific on all risk related matters.
• Lead Mastercard’s Risk team in Asia Pacific and actively develop risk employees to achieve operational excellence in risk management.


All About You

The ideal candidate for this position should:
• Extensive business experience operating at a regional level
• Relevant experience of working in a complex, preferably multi-national, stakeholder environment that includes complex customers and regulators
• Enterprise and operational risk management frameworks SME
• Operate effectively within formal corporate governance frameworks e.g., Risk Committee, Regulatory framework
• Experience of managing board level risk committees and risk reporting at the board level
• Ability to demonstrate strategic vision and business understanding
• Effective ability to influence stakeholder community at all levels
• Strong personal and professional ethics
• Highly motivated and conscientious individual
• Attention to detail and analytical thinking
• Open and collaborative management style whilst maintaining independence
• Embodies and demonstrates all the brand values required by Mastercard

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.