Golden Opportunity for Graduates Vacancy at Mastercard

Overview:

Mastercard is hiring an experienced Analyst, Legal Compliance at their Pune location. The Analyst works under general supervision and leverages analytical reasoning skills to draw conclusions, resolve moderately complex research, perform root cause analysis, assess risk factors, and perform other assigned compliance activities as deemed necessary.

The complete details of this job are as follows:

Roles and Responsibilities

• Perform Know Your Customer (KYC) due diligence onboarding identification and verification procedures for new and existing channel partners through the Bureau Van Dijk (BVD) system, with a focus on AML and sanctions compliance
• Search public sources and subscription databases to prepare a pack of information on these parties, including information on an entity’s structure, beneficial ownership, control, public financial information, negative news, political exposure, and sanctions issues. From this data perform a risk assessment on the client profile to classify all red flags and high-risk indicators while ensuring all are effectively described.
• Conduct initial and ongoing alert dispositioning relating to sanctions, adverse media. Politically Exposed Persons (PEPs), enforcement etc. screening, using resources and research to determine if alerts are positive or false positive.
• Escalate positive alerts to MTS management for further review. Confirmed positive alerts are escalated to D&S Compliance for further guidance and action
• Conduct simplified due diligence screening process through GRID for potential prospects who are not yet in the onboarding process to ensure no sanctions or adverse information is related to the company or individual
• Ensure that Service Level Agreements (SLAs) are met for sales partner screening, including follow-up analysis and reconciliation
• Perform periodic Customer Due Diligence (CDD) reviews so that risks can be reevaluated and if activity is aligned with expectations
• Document the review and investigation process followed for each channel partner due diligence and alert disposition process undertaken so that a clear, auditable trail is available of decisions made and actions taken
• Provide support to D&S compliance during the sales partner lifecycle to evaluate potential AML and sanctions risks
• Provide support and input for AML and sanctions Program Risk Assessments
• Prior experience with Anti-Bribery Compliance is a plus
• Adhere to compliance procedures and internal operational risk controls in accordance with all applicable regulatory standards, requirements, and policies
• Support D&S Compliance team with metrics and reporting as needed
• Ensure proper recordkeeping is maintained for all processes

Eligibility Criteria:

• Bachelor’s degree required/or the equivalent experience in a compliance, risk management function in the financial services or payments industry
• Experience with AML and sanctions knowledge is required
• Analytical thinker and practical problem solver with demonstrated ability to partner effectively with others in handling issues
• Motivated self-starter with an appetite to learn and grow in a regulatory compliance function
• Ability to follow and execute procedures with limited supervision, to work in a fast paced and dynamic environment while handling multiple tasks simultaneously, and consistently meet established deadlines
• Sound judgment with ability to build rapport at multiple levels, and across business lines; proven ability to persuade and drive results
• Strong attention to detail, problem-solving, organizational, and written/verbal communication skills
• Strong understanding of AML, BSA, USA PATRIOT Act and OFAC controls and requirements
• ACAMS Certification preferred
• Technologically savvy with Microsoft Office and database tools

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