Director, Open Banking, Financial Crime Risk Management
At Mastercard, we are committed to shaping the future of commerce and creating a more connected world. As the Director of Open Banking in our Financial Crime Risk Management team, you will play a crucial role in driving our efforts to prevent and detect financial crimes in the rapidly evolving landscape of open banking. We are looking for a highly skilled and strategic leader who can navigate complex regulatory environments and collaborate with diverse stakeholders to ensure our open banking solutions are secure and compliant. If you are a forward-thinking individual with a passion for staying ahead of the curve in the financial industry, we want to hear from you.
- Develop and implement strategies for preventing and detecting financial crimes in the open banking landscape.
- Stay up-to-date on industry trends and regulatory changes related to open banking and financial crime risk management.
- Collaborate with various internal teams, including product development, legal, and compliance, to ensure open banking solutions are secure and compliant.
- Build and maintain relationships with external stakeholders, such as regulatory bodies, industry associations, and partner organizations.
- Lead a team of financial crime risk management professionals, providing guidance, coaching, and support to drive performance and achieve team goals.
- Conduct risk assessments and identify potential vulnerabilities in open banking processes and systems.
- Develop and implement risk mitigation strategies and controls to address identified vulnerabilities.
- Monitor and analyze data to identify patterns and anomalies that could indicate potential financial crimes, and take appropriate actions to mitigate risks.
- Prepare and present reports to senior management on open banking-related financial crime risks and mitigation efforts.
- Drive continuous improvement and innovation, leveraging technology and data analytics to enhance financial crime risk management in the open banking space.
- Ensure compliance with all applicable laws, regulations, and internal policies related to open banking and financial crime risk management.
- Stay informed on the latest developments in the financial industry and utilize this knowledge to inform decisions and strategies related to open banking.
Extensive Experience In Financial Crime Risk Management: A Qualified Candidate For This Role Should Have A Minimum Of 10 Years Of Experience In Financial Crime Risk Management, Preferably In The Banking Or Financial Services Industry. They Should Have A Deep Understanding Of Various Types Of Financial Crimes, Such As Money Laundering, Fraud, And Terrorist Financing, As Well As Experience In Implementing Risk Management Strategies To Mitigate These Risks.
Knowledge Of Open Banking Regulations And Trends: As The Director Of Open Banking, This Individual Will Be Responsible For Overseeing Mastercard's Compliance With Open Banking Regulations And Staying Up-To-Date On Industry Trends. Therefore, They Should Have A Strong Understanding Of Open Banking Regulations, Such As Psd2 And Gdpr, And Be Able To Identify Potential Risks And Opportunities For Mastercard In This Space.
Leadership And Strategic Thinking Skills: This Role Will Involve Leading A Team And Working Closely With Cross-Functional Teams Within Mastercard. The Ideal Candidate Should Have Excellent Leadership Skills, With The Ability To Motivate And Guide Their Team Towards Achieving Organizational Goals. They Should Also Possess Strong Strategic Thinking Skills And Be Able To Develop And Implement Long-Term Plans For Open Banking And Financial Crime Risk Management.
Strong Communication And Stakeholder Management Abilities: As Mastercard Operates In A Highly Regulated Industry, Effective Communication And Stakeholder Management Are Crucial. The Director Of Open Banking Should Be Able To Communicate Complex Information In A Clear And Concise Manner To Both Internal And External Stakeholders, Such As Regulators, Clients, And Partners.
Bachelor's Or Master's Degree In A Relevant Field: A Bachelor's Or Master's Degree In A Field Such As Finance, Law, Or Business Administration Is Typically Required For This Role. A Degree In A Relevant Field Demonstrates A Solid Understanding Of The Financial Services Industry And The Legal And Regulatory Landscape In Which Mastercard Operates. Additional Certifications Or Training In Financial Crime Risk Management Or Open Banking Would Be Considered An Asset.
Strategic Planning
Project Management
Data Analysis
Leadership
Compliance Management
Risk assessment
Regulatory compliance
Problem-Solving
Stakeholder management
Cross-Functional Collaboration
Financial Crime Prevention
Communication
Conflict Resolution
Emotional Intelligence
Leadership
creativity
Attention to detail
Teamwork
Adaptability
Problem-Solving
Time-Management
According to JobzMall, the average salary range for a Director, Open Banking, Financial Crime Risk Management in O'Fallon, MO, USA is $110,000-$150,000 per year. However, this may vary depending on the specific company, industry, and level of experience of the individual. Additionally, bonuses and other forms of compensation may also impact the overall salary for this position. It is best to research the specific company and job posting to get a more accurate salary estimate.
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