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.