Regulatory Compliance Manager

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

Regulatory Compliance Manager - Open Banking, Australia

Overview

The Role
- Support managing the global regulatory compliance strategy and oversee execution of regulatory compliance processes and controls relating to Mastercard’s ADR accreditation.
- Support the use of the group-aligned regulatory compliance tools and framework.
- Manage the compliance assurance monitoring program to ensure ongoing compliance with all regulatory obligations. Conduct regular compliance gap analysis of internal controls to ensure compliance with various applicable laws. Recommend and implement remedial actions and improvements.
- Produce and maintain relevant regulatory compliance policies and procedures.
- Work with the business makes in making informed risk-based decisions regarding new opportunities, markets, local initiatives and product and service offerings and that appropriate compliance processes and controls are developed, documented, implemented and maintained.
- Review and assess new business projects and design compliance controls to ensure adherence to company policy and procedures; deliver appropriate solutions to ensure that robust and appropriate compliance controls are implemented.
- Prepare submissions and returns to regulators ensuring accuracy and completeness and in line with required deadlines.
- Lead regulatory change management process including impact assessment and development of internal controls.
- Produce regular updates of management information for internal stakeholders.
- Act as an escalation point for regulatory compliance queries from other business areas.
- Provide regulatory compliance guidance and act as a role model for proper conduct for other business areas.
- Ensure management is adequately trained on applicable compliance requirements, regulations, and responsibilities for internal controls.
- Review marketing materials and documentation to ensure compliance with regulatory requirements.
- Assist in the gathering of internal information in response to regulatory requests
- Perform various general administrative duties (such as file creation and maintenance of ongoing administrative projects).
- Collaborate with other departments to create a culture of compliance.

Key Competencies
- Bachelor’s Degree
- Experience of executing regulatory compliance programs, including design, implementation, and oversight of controls
- Experience of maintaining regulatory status with periodic filings and event-driven filings such as change of control and change of standing data
- Knowledge and understanding of payment regulations in Australia and experience of compliance requirements in respect of banking/payment services; specific knowledge and experience with the CDR framework would be considered as an advantage
- Ability to understand regulations and regulatory guidance, assess the impact and develop practical operational procedures to ensure ongoing compliance
- Track record of interaction with or support of interaction with regulators, in particular, the ACCC is a significant advantage
- Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities
- Good understanding of core pillars of effective regulatory compliance programmes
- A self-starter, critical problem-solving ability with project management skills
- Flexibility and ability to work in a matrix environment
- Risk management and internal controls focused
- Strong written and verbal communication skills
- Attention to detail

COVID-19 Considerations

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.