Manager, Risk Management

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 Manager, Risk Management Manager, Operations Risk and Control Management Who is Mastercard Mastercard is a global technology company in the payments industry. Our mission is 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. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Vocalink Limited, a Mastercard Company, is looking for a Manager, Operations Risk and Control Management to oversee the application and compliance of operational risk management policies and practices across Vocalink’s Operations and Technology functions. The services Vocalink offers to its customers in the United Kingdom account for 90% of salaries paid, nearly all benefit payments, all cheques cleared and the majority of ATM transactions. These roles do not come around very often, and you would be joining a high functioning team dedicated to ensuring that this service remains robust, secure, and seamless for 60+million citizens every day – in numbers, that is 11 billion transactions every year with a value of over £6 trillion. The Vocalink Manager, Operations Risk and Control Management has a reporting line to the Vocalink Limited Director, Operations Risk &Control Management. The Team acts as a critical friend and risk partner to the 1LOD and as its champion and central point of liaison in risk interactions with the 2LOD. The Team supports the embedding of robust risk management practices into BAU operations, helps implement VLL’s risk transformation agenda and promote a risk awareness and a proactive risk culture.

Advise 1LOD functions on the application of operational risk management practices and changes to their day-to-day activities. Monitor compliance to the firm’s risk management policies and processes as well as support the implementation and embedding of operational risk change initiatives across the 1LOD functions. Consolidate and review key risk information so that the team can meet its reporting commitments to appropriate governance forums, key stakeholders and 2LOD functions. Provide risk advice to 1LOD functions by leveraging understanding of the firm’s management policies and processes as well as applicable industry best practices. Support the development and/or implementation of applicable procedures to enable effective 1LOD adoption of the firm’s risk management policies and processes. Support risk assurance activities conducted on the 1LOD through the provision of required information and explanation. Support the senior members of the team to conduct ad hoc risk assessments and deep dive root cause analysis on priority risk areas or areas of material control deficiencies. Support the effective running of formal risk governance committees and informal forums and working groups. Promote collaborative working relationships with stakeholders at all levels of the organisational hierarchy (function, entity and group). Relevant experience Experience of implementing recognised industry standards such