Senior Analyst, Legal Compliance

at  Mastercard Inc

TITLE AND SUMMARY

Senior Analyst, Legal Compliance
Working as part of the Mastercard Prepaid Management Services (MPMS) APAC Compliance team, this position supports the provision of compliance and risk services to MPMS’ business in Australia and New Zealand. The role reports to the Regional Head of Compliance (APAC) and is based in Sydney.
The MPMS business operates in the financial services sector in Australia and New Zealand and its prepaid card program management activities are subject to financial services and anti-money laundering regulation.
Working as part of the APAC Compliance team, the Senior Compliance Analyst provides compliance advice and support to the business; carries out second line assurance reviews in accordance with the Compliance Plan; and is responsible for drafting responses to the external dispute resolution bodies AFCA and FSCL.

Key Responsibilities:

• Provide advice to the business on compliance obligations arising from applicable laws, regulations, guidelines, codes of conduct and market practice.
• Perform risk-based assurance of key regulatory requirements in line with the compliance plan.
• Respond to AFCA and FSCL in relation to external complaints.
• Reviewing marketing and product disclosure material.
• Provide recommendations for effective AML/CTF controls within the business to manage and mitigate risk.
• Escalate and record any identified non-compliance.

About you:

• Ability to understand regulations and regulatory guidance, assess the impact and develop practical operational procedures to ensure ongoing compliance. Understanding of AML/CTF legislation, financial services licensing and complaints resolution requirements are necessary.
• Must have the ability to manage, prioritise and advise on a diverse range of tasks and responsibilities.
• Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities.
• Strong written and verbal communication skills with attention to detail is a must.
• Legal or business law qualifications desirable but not essential.

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 culture of inclusion 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.

Key Responsibilities:

• Provide advice to the business on compliance obligations arising from applicable laws, regulations, guidelines, codes of conduct and market practice.
• Perform risk-based assurance of key regulatory requirements in line with the compliance plan.
• Respond to AFCA and FSCL in relation to external complaints.
• Reviewing marketing and product disclosure material.
• Provide recommendations for effective AML/CTF controls within the business to manage and mitigate risk.
• Escalate and record any identified non-compliance

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