Director, Risk Management
Yesterday Toronto, Canada
About us
- Size: 10,000+ employees
- Industry: Finance: Credit & Fund Services
Why you should apply for a job to Mastercard:
3.6/5 in overall job satisfaction
4.8/5 in supportive management
71% say women are treated fairly and equally to men
64% would recommend this company to other women
100% say the CEO supports gender diversity
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Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Director, Risk Management
Who is Mastercard?
Mastercard is a global technology company in the payments sector. We power payments and provide products and services for individuals and industries all around the world. Our people, technology, data and brand provide the capabilities that drive our success. We believe in connecting people to priceless possibilities.
As a company, we know that our success is driven by the skills, experience, integrity and mindset of the talent we hire. By building an inclusive, world-class culture, our employees have once-in-a-career opportunities to be a part of teams that have a greater impact on our community and our world. We invite you to join our team to find out how you too can start something priceless.
Role:
The Digital Asset Risk & Compliance team is looking for a Director, Digital Asset Risk Management to help build and operate Mastercard's Second Line risk management capabilities for digital assets. The role will establish a consistent approach to identifying, assessing, monitoring and reporting risks across Mastercard's digital asset strategy, products and operations. The Director will also support BVNK's integration into Mastercard by aligning risk frameworks, governance, reporting and accountability while preserving the ability of the business to grow and innovate.
Digital Asset Risk Management
• 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 (including intraday and prefunding risk), 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.
• Support business growth by developing practical guardrails and ensuring Risk is engaged early in strategic and product decisions.
• Identify emerging digital asset risks and assess their implications for Mastercard's strategy and operating model.
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.
• Clarify risk ownership, decision rights, escalation pathways and integration dependencies.
• Represent Digital Asset Risk & Compliance in relevant integration and governance forums.
All About You
• 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.
• Ability to translate strategy, risk issues and integration commitments into practical plans with clear ownership and timelines.
• Strong judgment and ability to balance business growth, innovation and risk management.
• Ability to simplify complex issues and prepare clear, decision-oriented materials for senior stakeholders.
• Strong stakeholder management and ability to influence across functions and organizational boundaries.
• Comfortable operating in ambiguity, establishing structure and driving execution.
• Curiosity about digital assets, stablecoins and the future of money movement.
Mastercard is a merit-based, inclusive, equal 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. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment 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:
In line with Mastercard's total compensation philosophy and assuming that the job will be performed in Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. This posting reflects one or more current openings on our team.
Pay Ranges
Toronto, Canada: $138,000 - $221,000 CAD
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Director, Risk Management
Who is Mastercard?
Mastercard is a global technology company in the payments sector. We power payments and provide products and services for individuals and industries all around the world. Our people, technology, data and brand provide the capabilities that drive our success. We believe in connecting people to priceless possibilities.
As a company, we know that our success is driven by the skills, experience, integrity and mindset of the talent we hire. By building an inclusive, world-class culture, our employees have once-in-a-career opportunities to be a part of teams that have a greater impact on our community and our world. We invite you to join our team to find out how you too can start something priceless.
Role:
The Digital Asset Risk & Compliance team is looking for a Director, Digital Asset Risk Management to help build and operate Mastercard's Second Line risk management capabilities for digital assets. The role will establish a consistent approach to identifying, assessing, monitoring and reporting risks across Mastercard's digital asset strategy, products and operations. The Director will also support BVNK's integration into Mastercard by aligning risk frameworks, governance, reporting and accountability while preserving the ability of the business to grow and innovate.
Digital Asset Risk Management
• 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 (including intraday and prefunding risk), 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.
• Support business growth by developing practical guardrails and ensuring Risk is engaged early in strategic and product decisions.
• Identify emerging digital asset risks and assess their implications for Mastercard's strategy and operating model.
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.
• Clarify risk ownership, decision rights, escalation pathways and integration dependencies.
• Represent Digital Asset Risk & Compliance in relevant integration and governance forums.
All About You
• 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.
• Ability to translate strategy, risk issues and integration commitments into practical plans with clear ownership and timelines.
• Strong judgment and ability to balance business growth, innovation and risk management.
• Ability to simplify complex issues and prepare clear, decision-oriented materials for senior stakeholders.
• Strong stakeholder management and ability to influence across functions and organizational boundaries.
• Comfortable operating in ambiguity, establishing structure and driving execution.
• Curiosity about digital assets, stablecoins and the future of money movement.
Mastercard is a merit-based, inclusive, equal 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. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment 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 Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. This posting reflects one or more current openings on our team.
Pay Ranges
Toronto, Canada: $138,000 - $221,000 CAD
Additional Information
- Job category: Finance
- Salary: $138,000 – $221,000
- Posted: yesterday