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Who is Mastercard?
We are the global technology company behind the world’s fastest payments processing network. We are a vehicle for commerce, a connection to financial systems for the previously excluded, a technology innovation lab, and the home of Priceless®. We ensure every employee has the opportunity to be a part of something bigger and to change lives. We believe as our company grows, so should you. We believe in connecting everyone to endless, priceless possibilities.
The position reports to both the CFO, Vocalink, and Assistant Corporate Controller and is responsible for ensuring the integrity of the financial statements of the Vocalink entities in partnership with the GBSC (Global Business Service Center), leading finance compliance with UK regulatory requirements, ensuring local statutory reporting compliance as well as providing support to the business teams across a number of areas including accounting and controls.
Accounting and Internal Controls
-Apply accounting principles to moderate and complex issues, including interpretation of technical accounting guidance, and ensure appropriate documentation of accounting positions is in place
-Successfully advise the CFO, Vocalink, and Assistant Corporate Controller on all accounting related business transactions and accounting/ regulatory standards, including but not limited to revenue recognition, software capitalization 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 business in partnership with the GBSC
-Act as a liaison between Vocalink and the GBSC for accounting and transaction services, facilitating the resolution of issues identified
-Work in partnership with Risk for compliance activities (e.g. Mastercard policies, Sarbanes-Oxley Act (SOX) and Operational Risk Management (ORM)) and communicate potential exposures to leadership
-Support the statutory audits for the Vocalink 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, P&S 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 liasising with external advisors/actuary on assumptions and disclosures, assisting CFO/Corporate Treasury in managing the relationship with scheme trestees 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 and Tax, as applicable
-Support Tax and LFI teams in managing company structure to ensure deals are correctly assessed and transactions are correctly recorded
-Support other audits as required (e.g. ISAE3000 audit)
-Oversee and monitor the revenues generated by the LINK business (this activity is not managed by the GBSC due to regulatory requirements) including fee billing process as well as the respective accounting and reporting in the financial records
-Oversee and review the preparation of financial and management reports; analyze and interpret trends requiring management’s attention
-Manage the Accounting Manager, Vocalink, conduct 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
-Support CFO, Vocalink, and LFI teams in monitoring and reporting compliance with Bank of England oversight
-Support the annual review of the monitoring trustee (independent entity appointed by CMA to monitor compliance with remedies)
Treasury and Cash Management
-Manage retained bank accounts for contractual funding requirements and LINK scheme transactions
-Coordination with Mastercard Treasury on material banking activity
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
-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
-Confident and poised Influencer who uses analytical and leadership skills to achieve goals
-Must be able to integrate knowledge across disciplines and demonstrate effective leadership with relationship development skills
-Experience of regulated environments preferred
-Certified Public Accountant or Chartered Accountant
-Market and industry knowledge a strong plus
Mastercard is an inclusive Equal Employment Opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.
If you require accommodations or assistance to complete the online application process, please contact firstname.lastname@example.org and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.
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