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
VP Controller - Mastercard Payment Solutions & Vocalink
Overview:
Reporting to the Assistant Corporate Controller, the VP, Controller - Real-time Payments & Applications and the CFO Transfer Solutions this role is responsible for ensuring the integrity of the accounting and financial environment for the Company’s applications, real-time payments and transfer solutions divisions including the legal entities of Vocalink, primarily based in the UK, and Mastercard Payment Services (“MPS”), based in Denmark and Norway. Mastercard’s real-time account-to-account payments support a fast and transparent alternative to cash, check and batch payment systems, while its applications provide further solutions to customers for bill payment.
Based in London, this role will ensure finance compliance with governmental regulatory requirements, local statutory reporting guidelines as well as providing support to the business teams across a number of areas and business units including accounting, finance, treasury and internal audit and controls.
Role:
Accounting and Internal Controls:
• Apply accounting principles to moderate and resolve complex issues, including interpretation of technical accounting guidance, and ensure appropriate documentation of accounting positions is in place
• Advise the CFO, Applications and Real Time Payments, CFO Transfer Solutions, Assistant Corporate Controller and VP, Technical Accounting on all accounting related business transactions and accounting/ regulatory standards, including but not limited to revenue recognition, expenses, intercompany and impairment reviews
• Direct efforts to strengthen existing controls and optimize business processes by reviewing performance metrics/reports, as well as perform monitoring controls over the integrity of the financial records of legal entities that comprise the Vocalink and MPS businesses in partnership with the GBSC
• Act as a liaison between controllership and the GBSC for accounting and transaction services, facilitating the resolution of issues identified
• Work in partnership with technical accounting and risk for compliance activities (e.g., Mastercard policies, Sarbanes-Oxley Act (SOX) and Enterprise Risk Management (ERM)) and communicate potential exposures to leadership
• Support the statutory audits for the Vocalink and MPS legal entities, including preparation of audit documentation, interfacing with external auditors and liaising with the GBSC
• Establish collaborative partnerships with internal and external stakeholders (e.g., corporate function, business partners, regional controllers, external auditors and other third parties involved in the statutory reporting process) to achieve business objectives
• Oversee defined benefit pension accounting, including liaising with external advisors/actuary on assumptions and disclosures, assisting Corporate Treasury in managing the relationship with scheme trustees and Mastercard’s Corporate Controllers Group for appropriate US GAAP disclosures over pension plan accounting
• Support the management of intercompany arrangements, where required, in partnership with the GBSC, Tax, Legal and regional controllership, as applicable
• Support Tax and LFI teams in managing legal entity structure to ensure deals are correctly assessed and transactions are correctly recorded
• Support other audits as required (e.g., Internal audit)
• Report to both management and respective Boards of Directors on financial reporting, regulatory and control-related matters on a recurring and ad hoc basis.
• Support and attend the Vocalink Limited Audit Committee where applicable
• Manage the respective Controller’s teams for Vocalink and MPS including goal setting and performance appraisal processes, coach and develop employee as an organizational resource
• Complete special requests for analysis, research, and detailed information, including other projects deemed necessary from time to time by Senior Management. The special requests may include researching, consulting and reviewing technical memorandums on proposed and/or completed transactions
Regulatory:
• Support Vocalink and LFI teams in monitoring and reporting compliance with Bank of England oversight as well as MPS and LFI teams in monitoring compliance with Danish regulations.
• Support the annual review of the monitoring trustee (independent entity appointed by CMA to monitor compliance with remedies)
All About You:
In terms of the performance and personal competencies required for the position, we would highlight the following:
• Experience with US GAAP and/or IFRS accounting and reporting requirements
• Certified Public Accountant, Chartered Accountant, or equivalent required
• Market, industry and/or regulatory experience a strong plus
• Established as a trusted advisor to business partners; consults on complex technical accounting issues to final interpretation in order to ensure the integrity of the financials
• Experience assessing the effectiveness and oversight of operational and financial control implementation; ensures compliance within a diverse organization
• Process-minded change agent, with strong knowledge of internal controls, ability and experience to assess and design effective operational and financial controls
• Successfully drive and integrate change and cultivate a continuous improvement culture
• Experience delivering presentations and engaging with senior leadership and board/audit committees
• Confident and poised influencer who uses analytical and leadership skills to achieve goals
• Ability to lead and develop a team and people
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:
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Abide by Mastercard’s security policies and practices;
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Ensure the confidentiality and integrity of the information being accessed;
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Report any suspected information security violation or breach, and
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Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.
