# Director, Risk Management

**Company**: Mastercard
**Location**: Toronto
**Experience**: senior
**Job type**: full-time
**Salary**: $138,000 - $221,000 CAD
**Category**: Finance
**Industry**: Finance

**Apply**: https://mastercard.wd1.myworkdayjobs.com/en-US/CorporateCareers/job/Toronto-Canada/Director--Risk-Management_R-293982-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_2d0e7653-ad3

## Description

Mastercard is seeking a Director, Risk Management to lead the Digital Asset Risk & Compliance team. The successful candidate will help build and operate Mastercard's Second Line risk management capabilities for digital assets, establishing a consistent approach to identifying, assessing, monitoring, and reporting risks across Mastercard's digital asset strategy, products, and operations.

**Key Responsibilities:**

- Build and operate the Digital Asset Risk Management framework, including risk identification, assessment, appetite, monitoring, reporting, and escalation.

- Maintain an enterprise view of material risks across Mastercard's digital asset strategy, products, markets, and operating model.

- Lead risk assessments of new and existing digital asset products, initiatives, and business models.

- Provide independent challenge on material risk decisions, control gaps, risk acceptances, and emerging risks.

- Translate Mastercard's risk appetite and ERM standards into practical requirements for digital asset activities.

**Financial Risk Management:**

- Review credit exposure assessments, risk ratings, portfolio metrics, credit limit utilization, and risk reporting for alignment with policy, risk appetite, and established thresholds.

- Challenge the adequacy of First Line controls for settlement exposure, liquidity provider and banking partner exposure, and credit risk mitigants.

- Support the build-out of the Digital Asset Risk & Compliance function, including financial risk frameworks, governance, reporting, and operating routines.

**Governance, Reporting & Business Partnership:**

- Establish governance and reporting routines that provide management with a clear view of risks, decisions, dependencies, and required actions.

- Prepare concise, decision-oriented materials for senior management, governance forums, audit, and regulatory review.

- Partner with Product, Technology, Finance, Treasury, Legal, Compliance, and specialist Risk teams to ensure risks are appropriately owned and managed.

**BVNK Integration:**

- Support BVNK's integration into Mastercard's ERM framework, risk appetite, governance, and Three Lines of Defense model.

- Lead risk gap assessments and develop proportionate plans to address identified gaps.

- Track due diligence commitments, emerging integration risks, and remediation actions through completion.

**Requirements:**

- Experience in enterprise, strategic, operational, technology, financial, or related risk disciplines within a regulated organization.

- Demonstrated ability to build or enhance risk frameworks, governance, risk assessments, reporting, and escalation processes.

- Strong understanding of Second Line oversight, independent challenge, risk appetite, and the Three Lines of Defense model.

- Experience supporting digital assets, payments, fintech, new business models, acquisitions, or complex transformation programs.

**What We Offer:**

- Competitive pay based on location, experience, and other qualifications for the role.

- May be eligible to participate in a discretionary annual incentive program.

## Skills

### Required
- risk management
- digital assets
- financial risk management
- governance
- reporting

---

Source: [Apply at mastercard.wd1.myworkdayjobs.com](https://mastercard.wd1.myworkdayjobs.com/en-US/CorporateCareers/job/Toronto-Canada/Director--Risk-Management_R-293982-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)