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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

Accounting Manager

Manager: Accounting

Overview: 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.

Role: Manager Accounting

The role is to ensure compliance to Mastercard Policies and Procedures, as well as lead process improvements and risk mitigation efforts using Operational Risk Management (“ORM”) methodology. The role also entails managing regulatory compliance and regulatory reporting requirements for Europe Region.

Internal Control Compliance

• Expand first-line risk management accountability and maintain effective risk and control environment

• Improve governance and the control environment over key processes and policies requirements through trainings, monitoring and reporting.

• Collaborate and share learnings from global/regional audits with country teams/business to raise attentiveness and reduce repeat issues.

• Partner with the regional/global stakeholders to identify process(es) risks and facilitate a review of the design of the process(es)and drive recommendations for improvement.

• Partner with the 3rd line of defence (Internal Audit) for the following:

• Engage internal audit and vet preliminary issues with audit to ensure that final report is factual and accurate.

• Drive follow up meetings on a monthly basis and co-ordinate with issue owners and Internal Audit to ensure timely remediation/ extension and reporting of key KPI's around audit issues

• Ensure internal control self-assertion questionnaire meets the requirements of the RICL’s and Country/Region teams

• Develop appropriate assurances that validate internal control self-assessment responses (timely completion, checklist completeness, etc.)

• Ensure issues are logged via OpenPages

• Support issue owners with remediation, as needed

• Log and memorialize assessment results

• Support the global RICL team in standardized review of processes, risks and controls.

• Coordinate policy/procedure training based on trends, observations and overall need

• Assist in the coaching/training of colleagues, where appropriate

Regulatory reporting

• Ensure accurate reporting in line with the applicable rules and regulations in Mastercard Europe region, including but not limited to Interchange Fee Regulation (Article 5 – net compensation, Article 7 – Switch/Scheme separation)

Regulatory compliance

• Ensure accurate and timely review and classification of Mastercard products and fees (billing events) in line with the applicable rules and regulations in Mastercard Europe region, including but not limited to Interchange Fee Regulation Article 7.

• Develop and maintain necessary internal procedures to comply with the above mentioned regulations, including but not limited to “product catalog”, “product allocation committee” and “product revenue allocation committee”

• Ensure other key internal processes are compliant with the applicable rules and regulations in Mastercard Europe region, including but not limited access to various finance systems and databases (Oracle, Hyperion, ER, etc) Maintain internal – Switch/Scheme separation)

Ad hoc

• Support regulatory audits or request

• Support the Business Continuity Process for the Controllership team

• Any other relevant projects

About You:

• Finance/Accounting/business qualification or related disciplines.

• Strong understanding of internal controls

• Big 4 experience is preferred

• Working knowledge of GAAP with legal entity and treasury accounting experience preferred.

• Proficiency with accounting and finance systems/software applications e.g. Excel and Oracle.

• Strong knowledge of Internal Control concepts.

• Driven by a continual process improvement agenda, demonstrated through challenging and improving processes.

• Detailed orientated with strong analytical and financial skills supported by excellent interpersonal and communication skills.

• Experience operating in a diverse, multi-functional finance group across time zones is a plus.

• Must be able to integrate knowledge across various disciplines and work across multi-disciplinary teams.

• Independent worker and thinker with the ability to follow up on time sensitive issues and ability to drive others.

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.