Vice President, Controller, Mastercard Transaction Services-R-224066

Our Purpose

We work 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. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.

Title And Summary

Vice President, Controller, Mastercard Transaction Services

Who is Mastercard

What role do we play in the modern world? Are we an enabler of purchases or a facilitator for transactions? We play a much larger role in the world by enabling those that have no access to financial systems – every employee has the opportunity to be a part of something bigger and to change lives. We have the technology, people, and Brand to serve modern society. Today, we are a global tech company that connects everyone to endless possibilities, priceless possibilities.

Who is Mastercard Transaction Services

Mastercard Transaction Services (MTS) is the division responsible for the management of the legal entities under which all of Mastercard’s current licensed money transfer services (and in the future other regulated activities) are conducted. The MTS division (and associated MTS shared services functions) are housed under the umbrella of Mastercard Transaction Services and comprise the components which are necessary to support the activities of a licensed payment services firm.

Overview

The VP, Mastercard Transaction Services (MTS) Controller reports to the Assistant Corporate Controller with a secondary reporting line to the MTS CFO. The VP, MTS Controller is responsible for establishing and maintaining a best-in-class controllership for a highly complex, strategically important, Mastercard business. The VP, MTS Controller plays a key role in the growth and diversification of Mastercard’s payment solutions portfolio. The VP, MTS Controller will be responsible for overseeing all areas of the MTS business, implementing any operational changes, and delivering measurable improvements. The VP, MTS Controller possesses strong leadership skills to build and engage teams to optimize and even transform the current structure while utilizing his/her technical skillset to establish and, where necessary, enhance processes and internal controls. A key part of the role is to be able to influence positive change through dialogue partnership with executives, peers as well as direct reports.

Role/Responsibilities

• Successfully partner with business unit leadership and advise on all accounting related matters on business transactions and accounting/ regulatory standards, including but not limited to revenue recognition, software capitalization and impairment reviews
• Critical role ensuring controllership functions and processes are working optimally as well as achieving accuracy of legal entity and divisional reporting, e.g., billing, journal entries, revenue accruals, reconciliations, etc.
• Influence change through strong, collaborative partnerships with internal and external stakeholders, including but not limited to Business and Finance Executives, Peers, Products and Services business partners, Regional Controllers, GBSC, third party vendors
• Lead complex cross-functional projects or teams encouraging collaboration among team members and demonstrating expertise and ability to problem solve
• Transform current state, build, and maintain standardized controllership processes to enable risk-based approaches around the review and analysis of the business unit’s activity; ensuring processes are sustainable for future growth of the business globally
• Identify opportunities to implement automated solutions to streamline processes
• Partner with the finance operations team to ensure front-end and back-end controls are implemented to mitigate key risks
• Lead discussions and provide specific recommendations to senior management on processes and financial statement impacts or positions
• Lead and oversee compliance activities, as needed (e.g. Mastercard policies, Sarbanes-Oxley Act (SOX) and Operational Risk Management (ORM)) and communicates potential exposures to leadership
• Interface with external auditors regarding the application of generally accepted accounting principles on certain transactions and matters
• Coordination with Mastercard Treasury for material banking activity and process improvements
• Oversee and ensure compliance with statutory financial reporting requirements
• Periodic review of processes to ensure operationally mitigating risks based on design and the evolution of business processes
• Management of the outsourcing model to invoice and ensure settlement is processed in line with contracts and framework adhered to
• Support the Legal entity structure changes with assigned key tasks through collaboration with various stakeholders
  
  
  

All About You

In terms of the performance and personal competencies required for the position:

• CA, CPA, or its equivalent with strong USGAAP and IFRS knowledge and experience
• Dynamic transformational role requiring an individual with strong communication and leadership skills, with an emphasis on financial and business acumen
• Demonstrated experience leading, motivating, inspiring and developing teams
• Experience assessing the effectiveness and oversight of operational and financial control implementation; ensures compliance within a diverse organization
• Experience setting strategy for process improvement initiatives along with developing procedures for implementation
• Demonstrated successful oversight of the management and resolution of high-risk issues to ensure completeness and efficiency
• Experience building collaborative working relationships with stakeholders at the global/regional, local, or corporate level
• Extensive experience delivering presentations and engaging with senior leadership
• Proven ability to define problems, collect data, establish facts, and draw valid conclusions
• Treasury experience beneficial
  
  
  

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.
  
  
  

R-224066