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Company: Mastercard
Location: Singapore, Singapore
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

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

Assistant General Counsel, Regulatory Affairs Overview:

This role will lead the Regulatory function within Asia Pacific. Mastercard's Regulatory Team is responsible for six distinct areas: Supervision & Licensing, Regulatory Compliance, Advice & Guidance, Regulatory Advocacy, Regulatory Defense, and Regulatory Risk management. Mastercard's regulatory footprint continues to advance. As a result, in addition to maintaining and building on our strong relationships with existing regulators, this role will engage with central banks on a broad spectrum of supervisory obligations, including regulations covering areas, such as financial market infrastructure, systemic importance (safety and soundness), critical infrastructure, cyber resilience and physical security, and operational resilience/risk. This role also supports the Treasury function globally.

Role:
• Represents AP for the Regulatory team globally, demonstrating diplomacy and executive presence when engaging with regulators, central banks, and Mastercard leadership
• Advises AP senior leadership on complex regulatory matters, providing clear, actionable guidance to navigate these matters
• Oversees and advances regulatory compliance agenda within the AP Region
• Develops and participates in the execution of regulatory strategy in AP
• Engages with senior leadership within the AP Region to understand their business strategy and subsequently design a regulatory strategy that enables new business and advances license consideration
• Analyzes regulatory impacts of new or proposed amendments to regulations and engages with Regulatory Compliance to minimize the impact on Mastercard
• Acts as the Global Regulatory team liaison to the Treasury organization on issues relating to capital, resolution planning, liquidity requirements
• Collaborates cross-functionally, including with Government Affairs/Policy, Business/Product owners, Risk, Franchise, Tech to create one engagement model with regulators that minimizes the impacts of regulation across the organization
• Sets the tone for the AP team through words and actions that inspire, align and mobilize the team to succeed. Invests in coaching, continuous learning, and skill building
• Anticipates regulatory shifts and communicates proactively within AP to prepare the organization for future disruption


All About You:
• Recognized as a thought leader on regulatory issues.
• Highly specialized expertise across all lines of regulatory responsibilities as well as strong general management and leadership capabilities.
• Subject matter expert in influencing all stakeholders (internal and external).
• Experienced advocate with regulators to minimize the burden of supervision on Mastercard's business practices.
• Equipped to identify and build synergies across the region and cross-regionally to ensure a build once/apply often approach.
• Strong leadership skills, equipped to lead a team that is enabling the introduction of new products and services by advising on regulatory risks, identifying licensing requirements and obtaining the licenses.
• Equipped to advise on pricing and Interchange for those products, getting any necessary pre-approvals from regulators and advising on the use of mandates.
• Demonstrated ability to anticipate regulatory and market shifts and translate them into a clear, forward-looking strategy that enables the business to operate confidently in an evolving environment.
• Proven judgement in making disciplined, data-informed decisions and driving accountability across teams is a must.

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.




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