Director, Transition Risk

6 months ago

Toronto, Canada Mastercard Full time

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

Director, Transition Risk

Overview:
The Enterprise Risk Management (ERM) team is looking for a Director, Climate Transition Risk (“Transition Risk”) who will be responsible for developing, managing, and maintaining core elements of Mastercard’s Enterprise Risk Management Framework for Climate-related Transition Risks. The role will also lead engagement with MA’s ESG community to support overall alignment with MA ESG Strategy and firm-wide mandatory and voluntary disclosure requirements.

Role:
The Director, Climate Transition Risk will be responsible for:
Lead Enhancement of Climate Transition Risk Management
- Establish a framework to enhance Transition Risk Management across the Company, aligned with the Enterprise Risk Management Framework
- Enhance processes with business / function leads for assessing transition risks, e.g., mandatory disclosures, and industry leading practices including defining scenario analysis
- Develop measurement and monitoring practices for Transition Risk, including documenting controls
- Ensure material Transition Risks are captured, by the first line of defense in the Company’s risk register and escalated in line with the ERM policy
- Maintain procedures on Climate-related Risk Management practices to be executed by the first line of defense

Engage with Business & Functions on Transition Scenario Analysis & Planning
- Engage with businesses and functions, e.g., Corporate Strategy, Financial Planning & Analysis (FP&A), Financial Operations, etc., in their development of transition scenarios informed by MA overall strategy, ESG strategy, and other components
- Review and challenge transition risk scenarios including assumptions, limitations, and weaknesses of scenarios and models developed
- Independently review and challenge results, as needed, to help determine materiality and potential disclosure requirements
- Document findings and work as part of 2nd LoD Review and Challenge, in line with industry standards

Develop Risk-related Transition Plans and other disclosure requirements
- Lead development and documentation of risk-related Transition Plan components, e.g., risk identification and assessment, risk reporting, risk measurement, etc.
- Coordinate socialization of risk-related Transition Plan with MA Risk Leadership
- Develop Climate Risk-related sections of voluntary and mandatory disclosures with Climate Risk Team

All About You:

- Prior risk management experience in a large multinational financial institution with Climate Risk program or consulting experience in ESG/Climate Risk space
- Knowledge of risk management practices (e.g., ERM, ORM, technology)
- Strong interpersonal skills and ability to influence at all levels including outside his / her / their

reporting lines
- Experience in partnering with executive management
- Articulate and highly effective communicator (written, oral, presentation)
- Excellent analytical, problem solving and critical thinking skills. Keen attention to detail
- Ability to work under pressure, in sometimes ambiguous circumstances
- Understands and appreciates diverse backgrounds
- Knowledge of the payments industry and products, competitive environment, consumer trends, and economic environment.

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.

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