Vice President, Settlement & Currency Services

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, were 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

Vice President, Settlement & Currency Services

Overview:

Settlement & Currency Services is Mastercards center of expertise for global settlement, cross-border payments, currency and foreign exchange services, and value movement across traditional and digital financial networks. The team supports initiatives related to fiat and digital currencies, settlement infrastructure, and emerging payment technologies, working across products, markets, and functions to advance strategic priorities. The team also develops solutions that enable funds movement between Mastercard customers, engages with regulators and manages relationships with commercial and central banks.

Mastercard is seeking an execution-focused Vice President, Settlement & Currency Services to lead settlement and FX capability development and implementation across AP & EEMEA. This role will prioritize regional initiatives, support regulatory reporting requirements, and help manage responses to regulatory inquiries.

Responsibilities:

Conducting thorough analysis to assess the financial, operational, regulatory, customer, and system impacts and requirements needed to support settlement/FX initiatives

Collaborating with the global team on strategic efforts such as introducing new settlement and FX enhancements in AP & EEMEA region

Partnering with business units to strategize, develop and implement enhancements to settlement service offerings, ensuring alignment with market needs and operational capabilities

Driving initiatives to ensure liquidity availability for settlement in AP & EEMEA region

Engaging with regulators, central banks, and other stakeholders in AP & EEMEA region to manage regulatory audits and inquiries related to Settlement and FX and staying abreast of regulatory changes and legal developments

Overseeing the timely and accurate preparation and submission of regulatory reports related to Settlement activities, ensuring compliance with reporting requirements across jurisdictions

Managing global settlement invoice processing including establishing new vendors, routing invoices for approvals/payment through Oracle, and triaging processing issues

Ensuring that all project aspects are compliant with Mastercard policies and procedures

Formulating and presenting strategic recommendations to executive management

All About You:

Educational qualification: MBA or a degree in business or finance

Proven track record in payment systems product/project management, including the implementation and maintenance of external systems or proprietary technology

Demonstrated ability in leading high-impact transformation initiatives with strong project management and stakeholder management skills across global and cross-functional teams

Advanced level of expertise in Treasury settlements / payment operations and banking infrastructure gained through experiences in multinational corporates Regional/Global Treasury centers, financial institutions or banks

Proficient in payment network systems, including authorization, clearing, and settlement, and bank connectivity solutions like Host-to-host and SWIFT

Significant experience managing regulatory correspondence on Settlement/Payment matters. Experience with paymentsrelated regulatory compliance requirements across APAC and EEMEA regulators like MAS, HKMA, ASIC, JFSA, RBI, PBOC, SARB is highly valuable while not mandatory

Strong analytical and problem-solving skills combined with the ability to initiate and implement the needed changes to achieve business unit /corporate objectives

Ability to think creatively and out-of-the box; ability to challenge the status quo; demonstrated ability to innovate

Strong leadership qualities, including getting work done through others, being organizationally savvy, thought leadership

Demonstrated ability to manage a diverse team with varying skillsets

Strong negotiation and influencing skills, and proven ability to lead complex cross-functional projects

Excellent written and oral communication skills, particularly the ability to work and communicate cross-functionally

Management style that is proactive towards employee development

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