Director, Corporate Risk Functions

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, Corporate Risk FunctionsWho is Mastercard
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.

Overview
This new role is part of the 2nd line Risk function overseeing Corporate Functions (incorporating Product, Strategy and Commercial, Finance, Business Change, Legal, Compliance, People & Capability and Privacy) for Vocalink Limited, a company that enables the payments of 90% of salaries, 70% of utility bills, most ATM transactions and every cheque cleared in the UK.

The role holder will be part of a high functioning team, dedicated to delivering a robust, secure and resilient service to 60+million citizens every day with transactional volume of 11 billion/year and total annual transactional value in excess of GBP6 Trillion.

Responsibilities
The role holder will be responsible for assisting with the oversight of the Corporate Functions risk management.
The role holder will:

• Provide second line expertise and challenge around all aspects of Corporate Functions related risks

• Support the Vocalink risk management approach and implemented policies and procedures to minimize Corporate Functions risk exposure and drive robust controls

• Support the Vice-President, Corporate Functions Risk, leveraging subject matter expertise regarding Corporate Functions risk principles and generally accepted industry (regulatory) standards and internal control requirements

• Support the implementation of cross-functional initiatives on Corporate Functions risk goals, policies and procedures

• Provide challenge to the Corporate Functions first line Risk Committees (or equivalent) and support the provision of a second line opinion to ERC and BRC on Vocalink's risk profile

• Liaise with business partners to develop, manage and document best practices for Corporate Functions risk processes

• Oversees multiple internal and external project-based teams to implement Corporate Functions risk plans and reviews

• Embeds the Enterprise Risk Management Framework with respect to Corporate Functions risk, in particular ensure completeness and accuracy of: Inherent Risk Assessments, Control Standards, Adequacy and Design, Residual Risk, KPI's, Events and Root Causes Analyses and Horizon Scanning for New Threats

• Manage risk in a consistent, joined up manner and approach across Vocalink, with the 1st Line of Defence owning risks, the 2nd Line of Defence setting the standards of risk management and providing the review and challenge over those standards, and the 3rd Line of Defence providing the independent assurance of management of risk;

• Embed a strong, continually developing risk culture, where managing risk is simply part of how we work;

• Be aware of Vocalink's risks, self-identify the most material risks, review and assess the inherent and residual risks, biggest risk exposures and any concentration of risk, to enable Vocalink to make better decisions as a result and not repeat mistakes of the past;

• Ensure sufficient controls are in place to manage Vocalink's business safely, sustainably and within Board Risk Appetite.

• Be joined up as a business, collaborate across the business and continually improve our management of risk all across the business;

• Attest, challenge and validate Vocalink's key inventories of Assets, software & single points of failure
The role holder will:

• Provide second line expertise and challenge around all aspects of Corporate Functions related risks

• Support the Vocalink risk management approach and implemented policies and procedures to minimize Corporate Functions risk exposure and drive robust controls

• Support the Vice-President, Corporate Functions Risk, leveraging subject matter expertise regarding Corporate Functions risk principles and generally accepted industry (regulatory) standards and internal control requirements

• Support the implementation of cross-functional initiatives on Corporate Functions risk goals, policies and procedures

• Provide challenge to the Corporate Functions first line Risk Committees (or equivalent) and support the provision of a second line opinion to ERC and BRC on Vocalink's risk profile

• Liaise with business partners to develop, manage and document best practices for Corporate Functions risk processes

• Oversee multiple internal and external project-based teams to implement Corporate Functions risk plans and reviews

• Embed the Enterprise Risk Management Framework with respect to Corporate Functions risk, in particular ensure completeness and accuracy of: Inherent Risk Assessments, Control Standards, Adequacy and Design, Residual Risk, KPI's, Events and Root Causes Analyses and Horizon Scanning for New Threats

All about You
Knowledge, Skills and Expertise
Essential

• Risk expertise in a Financial Institution

• A track record of embedding controls in a Financial Institution

• Relevant experience of working in a complex (preferably multi-national) stakeholder environment that includes complex customers and regulators.

• Ability to articulate themselves clearly and concisely to a broad range of senior and junior stakeholders, acting as a bridge as well as guide for the implementation of new capabilities.

• Strong influencing skills; organisationally savvy

• Experience of presenting and communicating at board level

• Communication - requires effective communication skills – both written and oral - to deal with large diverse customer base (internal and external)

• Problem solving – excellent analysis and deductive skills

• Customer focus – passion for excellence

• Ethics – strong personal and professional ethics

• Highly motivated and conscientious individual

• Embodies and demonstrates all of the brand values required by Vocalink and Mastercard

• A team player – leads by example

Desirable

• Experience within Critical National Infrastructure responsible organisations

• Financial Services experience particularly in payments and relevant infrastructure

• Experience working with regulators (Bank of England supervision)

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.

---