FIU Senior Analyst

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

FIU Senior Analyst

Job Title: FIU Senior Analyst, Mastercard Transaction Services (US)

MTS Overview:
Mastercard Transaction Services (“MTS”) and its subsidiaries are the legal entities under which all 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
MTS US is the authorized and regulated licensed entity within Mastercard Transaction Services (MTS) in the United States through which regulated payments activity is undertaken for our US-based customers and others around the world. MTS is a division within Mastercard that undertakes payments business wherever a product or business function requires regulated support.
MTS is seeking a Financial Intelligence Unit (“FIU”) Sr Analyst who will assist to coordinate and maintain a robust AML/CFT/Sanctions program in alignment with US AML/CFT regulations, including the Bank Secrecy Act, USAPA, AMLA, FinCEN issued guidance, internal standards, and regional sanctions reporting obligations.
Additionally, the candidate will assist to drive overall improvements in the financial crimes compliance program through consistently innovating and problem-solving in the Compliance arena, focusing not just on effectiveness, but also efficiency. The ideal candidate is passionate about optimized compliance, understands the end-to-end workings of a FIU, highly motivated, intellectually curious, analytical, and possesses an entrepreneurial mindset. He or she also has a deep understanding of the AML/CFT/Sanctions regulatory and operational framework.

Role Summary:
The FIU Senior Analyst must be knowledgeable and skilled in the relevant AML/CFT/Sanctions Compliance areas. The FIU Senior Analyst will assist the BSA/AML Officer for North Americas to develop management information systems for regular reporting, including to the MTS US Board and Management Committee on the status of the FIU program and its organization. The role will also assist in ensuring the transaction monitoring program is compliant with NYSDFS Part 504.
This role requires working as part of a geographically diverse team and a matrix structure collaborating with multiple stakeholders across MTS and the wider Mastercard organization. This role demands excellent, clear, and articulate communication skills, both verbal and writing, and the ability to clearly and concisely communicate issues, regulations, and processes. MTS is poised for further expansion and now requires a seasoned FIU Senior Analyst to drive process improvement (both effectiveness and efficiency) within the MTS control framework.

Key Responsibilities:
1. Report and work closely with the Vice President, BSA/AML Officer for North Americas to determine the effectiveness and efficiency of the FIU Program and its ability to identify, detect, deter, and report suspicious activity.
2. Ensure timely and accurate submission of reports to the FinCEN and other relevant authorities, including Suspicious Activity Reports (“SARs”), Blocked Reports, Rejected Reports and Voluntary Self-Disclosures (“VSDs”).
3. Serve as the primary liaison for 314(b) Information Sharing requests and other external law enforcement searches, assessing their content and best methods to address them.
4. Review laws, regulations, FinCEN advisories and OFAC enforcement actions that impact the MTS compliance requirements, with emphasis on red flags and typologies.
5. Maintain FIU compliance policies, programs, and procedures.
6. Disseminate information, answer questions, and serve as a subject matter expert for MTS US on transaction monitoring related areas.
7. Monitor and review regulatory findings against other financial institutions for lessons learned, share with the BSA/AML Officer, and complete gap analysis against MTS FIU program as necessary.
8. Contribute, as a key member of the MTS US Financial Crimes Compliance leadership team, to the development and implementation of the wider compliance strategy, including staffing.
9. Lead and oversee complex AML/CFT/Sanctions investigations, ensuring that all alerts are thoroughly analyzed, documented and escalated appropriately,
Qualifications:
• Confident verbal and written communication skills with the ability to deliver consistent messages to all levels of the company.
• Excellent written and oral communication skills for documentation, reports, and presentations.
• Capable of process identification and mapping.
• Working knowledge of SharePoint development.
• Digitally aware and experienced with process improvement, automation of manual processes, and use of technology to generate efficiencies and scalable outcomes.
• Highly competent in the use of MS Office tools (PowerPoint, Excel, Visio).
• Preferred experience in cryptocurrency AML/CFT/ Sanctions monitoring , with a background in using blockchain analytics tools to investigate digital asset transactions.
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Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact [email protected] and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

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.

In line with Mastercard’s total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance); flexible spending account and health savings account; paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 10 annual paid U.S. observed holidays; 401k with a best-in-class company match; deferred compensation for eligible roles; fitness reimbursement or on-site fitness facilities; eligibility for tuition reimbursement; and many more.

Pay Ranges

Purchase, New York: $90,000 - $144,000 USD