Vice President, Strategic Risk Job Listing at Mastercard in Purchase, NY (Job ID R-216790)

Description

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.

Title and Summary

Vice President, Strategic Risk Overview:

The Enterprise Risk Management (ERM) team is looking for a VP, Strategic Risk (SR) who will be responsible for applying our Enterprise Risk Management Framework to assess and evaluate strategic risks, enhance business decision-making, and drive alignment of business, and risk management. The role will engage with senior leaders in the business and second line functions to ensure risk are appropriate identified and mitigated associated with key strategic bets by the Company.

Role:

Risk-based Decision-making and Problem Solving

-Lead assessment of new business use-cases under risk-based decision-making frame to support go / no-go decisions.
-Work with business teams, including M&A deal teams, to perform both quantitative and qualitative analysis of risk profile impact of strategic initiatives and potential investments.
-Utilize MA's risk taxonomy to identify risks, analyze potential impacts and support convergence on decisions.
-Ensure strategic decisions are taken with MA risk appetite and mindful of risk / reward trade-offs.

Risk Alignment with Business and Strategic Planning

-Facilitate and drive alignment of risk processes with business and strategic planning.
-Provide partnership and challenge through strategic planning processes, e.g., financial planning, quarterly business reviews, etc.
-Drive cross functional coordination across the second line of defense to ensure key risks are anticipated and accessed for key strategic decisions / business opportunities.

Strategic Risk Management Framework

-Develop a strategic risk management framework for MA to ensure key strategic decisions (New Market Entry, Significant Acquisitions, New Lines of Business) are aligned to risk appetite.
-Define and implement processes and tools to support the identification, measurement, monitoring, and control of MA strategic risks.
-Drive and maintain the Company's Strategic Risk taxonomy, incorporating outputs from risk identification and assessment processes.
-Partner with Risk Appetite Team to engage with Businesses and Functions in the first and second line of defense to define and calibrate risk appetite metrics and limits for strategic risks, in line with Mastercard's Risk Appetite Framework

All About You:



Risk management experience in a large multinational with a mature ERM/Strategic Risk function and program required, within Financial, Technology, or Consulting industries strongly preferred

Knowledge of risk management practices (e.g., ERM, SR, ORM, technology)

Strong interpersonal skills and ability to influence at all levels including outside direct reporting lines.

Strong experience in deliverable development for Board / Executive-level presentations and partnering with executive management and senior leadership to drive outcomes.

Quantitative and analytical modeling experience

Articulate and highly effective communicator (written, oral, presentation)

Demonstrated success in applying risk management to support the business / strategy.

Excellent analytical, problem solving and critical thinking skills; Keen attention to detail.

Ability to work under pressure, in sometimes ambiguous circumstances.

Understands and appreciates diverse backgrounds.

Knowledge of the payments industry and products, competitive environment, consumer trends, and economic environment. In the US, Mastercard is an inclusive Equal Employment 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. If you require accommodations or assistance to complete the online application process, please contact reasonable_accommodation@mastercard.com 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 based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. 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 new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 5 personal days, 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, gender-inclusive benefits and many more.

 Apply on company website