Job Description

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 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

Senior Analyst, Legal Compliance

Senior Analyst, Legal Compliance, Mastercard Transaction Services

Overview
At Mastercard, we are committed to protecting our network and solutions from being used to facilitate money laundering and terrorist financing. The Mastercard Transaction Services (MTS) Compliance Senior Analyst actively participates in a Shared Services support role for Non-Traditional Customers (NTC). Mastercard has business lines, such as Cyber & Intelligence Solutions (C&I), that acquires other companies, which requires customers of those acquisitions to undergo due diligence onboarding and ongoing monitoring, with a focus on Anti-Money Laundering (AML), combating terrorist financing (CFT) and sanctions compliance.
Reporting to the Manager-Legal Compliance, MTS, this role will execute the day-to-day onboarding and ongoing monitoring for these Non-Traditional Customers of C&I acquisitions. The Senior Analyst works under general supervision and leverages analytical reasoning skills to draw conclusions, resolve moderately complex research, perform root cause analysis, assess risk factors, and perform other assigned compliance activities as deemed necessary.
Role

• Perform Know Your Customer (KYC) due diligence onboarding identification and verification procedures for potential new NTC customers through the Bureau Van Dijk (BVD) system, with a focus on AML, CFT and sanctions compliance
• Conduct initial and ongoing alert dispositioning relating to sanctions, adverse media. Politically Exposed Persons (PEPs), enforcement etc. screening, using resources and research to determine if alerts are real match or false positive
• Handle, investigate and resolve internal and external escalations
• Escalate real match alerts to, in timely manner, for further review.
• Conduct simplified due diligence screening process through GRID for potential prospects who are not yet in the onboarding process to ensure no sanctions or adverse information is related to the company or individual
• Ensure that Service Level Agreements (SLAs) are met for due diligence onboarding and ongoing monitoring and prospect screening, including follow-up analysis and reconciliation
• Perform periodic Customer Due Diligence (CDD) reviews so that customer risk profile can be reevaluated and if activity is aligned with expectations
• Document the review and investigation process followed for each customer due diligence and alert disposition process undertaken so that a clear, auditable trail is available of decisions made and actions taken
• Provide support to C&I compliance during the customer lifecycle to evaluate potential AML, CFT and sanctions risks
• Provide support and input for AML and sanctions Program Risk Assessments
• Adhere to compliance procedures and internal operational risk controls in accordance with all applicable regulatory standards, requirements, and policies
• Support C&I Compliance team with metrics and reporting as needed
• Ensure proper recordkeeping is maintained for all processes
• Work with cross-functional teams for collaboration on risks and investigations
• Maintain the confidentiality of all information obtained during the investigations process
• Review and analyze current policies and procedures; identify, recommend, and implement new and/or enhanced practices in relation to onboarding and surveillance.
• Assist the Team by providing day-to-day supervision, oversight, and guidance to their respective group in absence / on behalf of the Manager.

All About You

• Bachelor's degree required/or the equivalent experience in a compliance, risk management function in the financial services or payments industry
• Experience with AML and sanctions knowledge is required
• A Minimum of 4 years' experience in AML / KYC / Corporate Customer Due Diligence role
• Analytical thinker and practical problem solver with demonstrated ability to partner effectively with others in handling issues
• Motivated self-starter with an appetite to learn and grow in a regulatory compliance function
• Ability to follow and execute procedures with limited supervision, to work in a fast paced and dynamic environment while handling multiple tasks simultaneously, and consistently meet established deadlines
• Sound judgment with ability to build rapport at multiple levels, and across business lines; proven ability to persuade and drive results
• Strong attention to detail, problem-solving, organizational, and written/verbal communication skills
• Strong understanding of global AML and sanctions controls and requirements such FATF recommendations and OFAC.
• ACAMS Certification preferred

Understanding of blockchain technologies and virtual currency

• Ability to perform deep investigations through gathering information from multiple sources, including strong use of commercial databases, internet and non-digitized, deep and dark web, financial criminal forums, social media, etc.
• Technologically savvy with Microsoft Office and database tools

Location(s): Pune, India

COVID-19 Considerations

In many locations, we've implemented a virtual hiring process and continue to interview candidates by video or phone. In addition, in our NYC offices, as required by law, only individuals who have been fully vaccinated against COVID-19 will be permitted inside Mastercard offices unless a reasonable accommodation has been approved in advance.

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.