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
Director, Settlement Operations, Brazil
Director, Settlement Operations, Brazil
Overview:
The Director of Settlement Operations will lead Mastercard's Card Network Settlement Operations in Brazil. This role oversees the service delivery team responsible for facilitating the settlement of funds between Mastercard customers, including daily settlement processing and the monitoring of participants across the network ecosystem.
Role: • Oversee Brazil's domestic settlement operations by monitoring daily payment statuses of issuers and acquirers, resolving funding failures, coordinating reprocessing and managing escalations to maintain market stability.[BB1.1] • Manage weekly participant onboarding and maintenance activities for the Mastercard scheme, including additions, updates, and removal of issuers, acquirers, and sub-acquirers at Nuclea supporting Franchise[BB2.1]• Serve as the Brazil market subject-matter expert, leading cross-functional issue resolution and stakeholder engagement across customers, vendors, and internal teams[BB3.1] • Manage the monthly IOF tax withholding process for credit, debit and prepaid card transactions for transactions made abroad in foreign countries[BB4.1]• Lead financial reconciliation and exposure reporting for crisis events, and provide analysis and quantification to support internal stakeholders• Support audit and compliance requirements by producing accurate, time-sensitive transaction and settlement reports for auditors, regulators, and internal stakeholders[BB5.1]• Ensure settlement infrastructure continuity through certificate lifecycle management, partner coordination, testing, implementation, and operational risk mitigation.[BB6.1] • Ensure comprehensive and up to date documentation on procedures, controls and crisis management playbook for settlement operations across product lines in country • Act as a trusted operational risk advisor to Second Line Operational Risk Team and recommend creation of new process controls to mitigate residual operational risks.
All About You • Bi-Lingual in Portuguese and English with strong communication skills; able to clearly articulate intricate Brazilian market nuances in a clear and concise manner to senior leadership• Deep knowledge of Brazil market, payment trends, practices, and systems• Must demonstrate a high level of maturity when managing crises situations• Executive presence, strong communication and interpersonal skills, including the ability to lead, work with and influence people across a matrix organization at all levels • Strong project management skills and high-level of customer focus
Education and Competencies: • Bachelor's degree required. Master's degree preferred• Demonstrated experience with Brazil-specific payment networks; prior Mastercard experience is preferred
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.
Skills Required
- Fluency in Portuguese and English
- Strong communication and interpersonal skills
- Deep knowledge of the Brazil market, payment trends, practices, and systems
- High maturity when managing crisis situations
- Executive presence and ability to influence across a matrix organization
- Strong project management skills
- Customer-focused approach
- Bachelor’s degree
- Demonstrated experience with Brazil-specific payment networks
- Master’s degree
- Prior Mastercard experience
Mastercard Compensation & Benefits Highlights
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Retirement Support — Retirement plans are highlighted as especially strong, featuring a notably generous company match and added financial-planning resources. Feedback suggests this component stands out as a key strength of the overall package.
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Parental & Family Support — Parental and family benefits are consistently portrayed as robust, including extended new-parent leave and assistance for fertility, adoption, and surrogacy. Feedback suggests these programs are a signature part of the offering.
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Leave & Time Off Breadth — Paid time off is described as substantial, with multiple leave types and generous vacation and personal days noted in U.S. materials. Feedback suggests time off is frequently praised as a differentiator.
Mastercard Insights
What We Do
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient 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.
Why Work With Us
We live the Mastercard Way: creating value in the communities we touch, growing together through the opportunities we see, and moving fast to innovate and scale. Our collaborative culture and our passionate people are the key to what we do, driving meaningful change as one team and connecting everyone to priceless possibilities.
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