251 Cfo jobs in the United Kingdom
Chief Financial Officer (CFO)
Posted 6 days ago
Job Viewed
Job Description
CMA Executive is pleased to present a new Chief Financial Officer search for a high-end manufacturer in the South Coast. This business is established as one of the industry leaders around the world, in the design and production of award winning, bespoke and luxury lifestyle products.
Following a period of investment and change the Board are now focused on the appointment of a first class Chief Financial Officer, who will help advance strategic goals, drive efficiency and assist the delivery of an unparalleled customer experience.
What will the Chief Financial Officer role involve?
- The role holder will undertake effective risk management, plan the organisation’s financial operations and deliver a strategy, and actively safeguard the businesses finances.
- The role will have a Board seat and be a member of the Executive Team.
- The overall goal is to protect the Company’s revenues and profits and ensure full financial control for stability and to enable sustainable growth.
Suitable Candidate for the Chief Financial Officer vacancy:
- Fully qualified Accountant and proven experience within various executive level positions and strong board experience.
- An expert with a background in production of low volume, high value luxury goods, ideally with strong manufacturing experience.
- Expert skills with cash management, accounting for long term projects and high value orders.
- First class presentation skills and the ability to communicate at all levels, be that investor relations or operational personnel.
Additional benefits and information for the role of Chief Financial Officer:
- This is a rare opportunity to join a high-profile business and work alongside an accomplished Board.
- Remuneration is in line with the level of opportunity in base salary, bonus, benefits and the option of an earn out in a long-term incentive plan.
- The ability to proudly identify yourself in a British Brand that continues to excel themselves in Worldwide delivery of first-class high-end products.
CMA Recruitment Group is acting as a recruitment agency in relation to this role. CMA complies with all relevant UK legislation and doesn’t discriminate on any protected characteristics. By completing the application process, you agree to the terms outlined in our Privacy Notice and that CMA may contact you in connection with your application in relation to CMA providing you with work finding services. Our Privacy Notice can be viewed under the privacy tab on our website. CMA is currently receiving a high volume of applications. Whilst we ensure all applications are considered, regrettably, it may not be possible to respond individually to all applications received.
Chief Financial Officer (CFO)
Posted 6 days ago
Job Viewed
Job Description
CMA Executive is pleased to present a new Chief Financial Officer search for a high-end manufacturer in the South Coast. This business is established as one of the industry leaders around the world, in the design and production of award winning, bespoke and luxury lifestyle products.
Following a period of investment and change the Board are now focused on the appointment of a first class Chief Financial Officer, who will help advance strategic goals, drive efficiency and assist the delivery of an unparalleled customer experience.
What will the Chief Financial Officer role involve?
- The role holder will undertake effective risk management, plan the organisation’s financial operations and deliver a strategy, and actively safeguard the businesses finances.
- The role will have a Board seat and be a member of the Executive Team.
- The overall goal is to protect the Company’s revenues and profits and ensure full financial control for stability and to enable sustainable growth.
Suitable Candidate for the Chief Financial Officer vacancy:
- Fully qualified Accountant and proven experience within various executive level positions and strong board experience.
- An expert with a background in production of low volume, high value luxury goods, ideally with strong manufacturing experience.
- Expert skills with cash management, accounting for long term projects and high value orders.
- First class presentation skills and the ability to communicate at all levels, be that investor relations or operational personnel.
Additional benefits and information for the role of Chief Financial Officer:
- This is a rare opportunity to join a high-profile business and work alongside an accomplished Board.
- Remuneration is in line with the level of opportunity in base salary, bonus, benefits and the option of an earn out in a long-term incentive plan.
- The ability to proudly identify yourself in a British Brand that continues to excel themselves in Worldwide delivery of first-class high-end products.
CMA Recruitment Group is acting as a recruitment agency in relation to this role. CMA complies with all relevant UK legislation and doesn’t discriminate on any protected characteristics. By completing the application process, you agree to the terms outlined in our Privacy Notice and that CMA may contact you in connection with your application in relation to CMA providing you with work finding services. Our Privacy Notice can be viewed under the privacy tab on our website. CMA is currently receiving a high volume of applications. Whilst we ensure all applications are considered, regrettably, it may not be possible to respond individually to all applications received.
Chief Financial Officer (CFO)
Posted 5 days ago
Job Viewed
Job Description
Key responsibilities include:
- Developing and executing the company's financial strategy to support long-term growth and profitability.
- Overseeing all financial operations, including accounting, financial reporting, budgeting, forecasting, and cash flow management.
- Leading fundraising efforts, including managing relationships with venture capitalists, investment banks, and other financial institutions.
- Developing and implementing robust financial policies, procedures, and internal controls.
- Providing strategic financial guidance and analysis to the CEO and the board of directors.
- Managing investor relations and ensuring timely and accurate communication with stakeholders.
- Optimizing the company's capital structure and managing financial risks.
- Ensuring compliance with all relevant financial regulations and reporting requirements.
- Building and leading a high-performing, remote finance team.
- Evaluating potential mergers, acquisitions, and strategic partnerships.
Qualifications required:
- A Bachelor's degree in Finance, Accounting, Economics, or a related field. An MBA or CPA is highly desirable.
- A minimum of 10-15 years of progressive experience in finance and accounting, with at least 5 years in a senior financial leadership role (e.g., CFO, VP of Finance).
- Demonstrated experience in fundraising, M&A, and scaling businesses, preferably in the tech/startup environment.
- Expertise in financial modeling, strategic planning, and capital markets.
- Strong understanding of accounting principles (GAAP/IFRS) and financial regulations.
- Exceptional leadership, communication, and negotiation skills.
- Proven ability to build and manage effective remote teams.
- Strategic mindset with a strong aptitude for problem-solving and decision-making.
- Experience working with board members and external investors.
Chief Financial Officer (CFO)
Posted today
Job Viewed
Job Description
Hours of work: Full Time, Permanent (52 weeks per year),37 hours per week (Monday to Friday)
Salary: Shropshire NJC scale point 4953 (£61,154£65,602)
Start date: As soon as possible but ideally no later than January 2026
Location: St. Marys Bluecoat CE Primary School, Bridgnorth, WV15 5EQ.
The Trust is based at St. Marys Bluecoat CE Primary School, Bridgnorth however some remote/home worki.
Interim Chief Financial Officer (CFO)
Posted 6 days ago
Job Viewed
Job Description
Job Title
Interim Chief Financial Officer (CFO)
Location
Leicester - Hybrid
Day Rate
900 - 1,100 per day (outside IR35)
Duration
3-6 months, potential to extend
Company Overview
We are a fast-growing, private equity-backed manufacturing business entering a critical phase of its growth and transformation journey. With ambitious value creation targets, operational change programmes, and a strong M&A pipeline, we are seeking an accomplished interim CFO who can provide immediate leadership, investor confidence, and operational discipline in a fast-paced environment.
Role Overview
Reporting to the CEO and working closely with the Board and PE investors, you will take full ownership of the finance agenda. This will include delivering robust financial reporting, strengthening operational finance processes across manufacturing sites, and providing the strategic insight required to meet both short-term performance and long-term growth goals.
Key Responsibilities
Act as the primary financial partner to the CEO, Board, and PE stakeholders, driving the company's strategic and operational agenda
Oversee all financial operations, including FP&A, financial control, and statutory reporting across multiple manufacturing sites
Deliver clear, investor-ready board reporting and value creation updates
Lead the annual budget, forecasting, and long-range planning process in line with PE growth objectives
Strengthen cost control, margin analysis, and manufacturing performance reporting
Drive process improvement and implement scalable finance systems across production facilities
Manage cash flow forecasting and working capital optimisation, with a focus on inventory and supply chain finance
Support M&A transactions, due diligence, and integration of acquired businesses
Build, lead, and mentor a high-performing finance team across operational and central functions
Ensure compliance with statutory, regulatory, and lender requirements
Key Requirements
Proven track record as a CFO in a private equity-backed manufacturing or industrial environment
Strong experience in multi-site operations, cost control, and manufacturing finance metrics
Expertise in scaling finance functions to support rapid growth and operational change
Hands-on, commercially astute, and comfortable working closely with site leadership teams
Significant M&A and post-acquisition integration experience
ACA / ACCA / CIMA qualified (or equivalent)
Personal Attributes
Highly commercial, analytical, and results-oriented
Gravitas to influence investors, Boards, and senior leadership
Resilient and adaptable in fast-moving, entrepreneurial settings
Strong communicator with the ability to distil complex financial data into actionable insight
Contact
Joe Gorman
Mobile: (phone number removed)
Email: (url removed)
Interim Chief Financial Officer (CFO)
Posted 6 days ago
Job Viewed
Job Description
Job Title
Interim Chief Financial Officer (CFO)
Location
Leicester - Hybrid
Day Rate
900 - 1,100 per day (outside IR35)
Duration
3-6 months, potential to extend
Company Overview
We are a fast-growing, private equity-backed manufacturing business entering a critical phase of its growth and transformation journey. With ambitious value creation targets, operational change programmes, and a strong M&A pipeline, we are seeking an accomplished interim CFO who can provide immediate leadership, investor confidence, and operational discipline in a fast-paced environment.
Role Overview
Reporting to the CEO and working closely with the Board and PE investors, you will take full ownership of the finance agenda. This will include delivering robust financial reporting, strengthening operational finance processes across manufacturing sites, and providing the strategic insight required to meet both short-term performance and long-term growth goals.
Key Responsibilities
Act as the primary financial partner to the CEO, Board, and PE stakeholders, driving the company's strategic and operational agenda
Oversee all financial operations, including FP&A, financial control, and statutory reporting across multiple manufacturing sites
Deliver clear, investor-ready board reporting and value creation updates
Lead the annual budget, forecasting, and long-range planning process in line with PE growth objectives
Strengthen cost control, margin analysis, and manufacturing performance reporting
Drive process improvement and implement scalable finance systems across production facilities
Manage cash flow forecasting and working capital optimisation, with a focus on inventory and supply chain finance
Support M&A transactions, due diligence, and integration of acquired businesses
Build, lead, and mentor a high-performing finance team across operational and central functions
Ensure compliance with statutory, regulatory, and lender requirements
Key Requirements
Proven track record as a CFO in a private equity-backed manufacturing or industrial environment
Strong experience in multi-site operations, cost control, and manufacturing finance metrics
Expertise in scaling finance functions to support rapid growth and operational change
Hands-on, commercially astute, and comfortable working closely with site leadership teams
Significant M&A and post-acquisition integration experience
ACA / ACCA / CIMA qualified (or equivalent)
Personal Attributes
Highly commercial, analytical, and results-oriented
Gravitas to influence investors, Boards, and senior leadership
Resilient and adaptable in fast-moving, entrepreneurial settings
Strong communicator with the ability to distil complex financial data into actionable insight
Contact
Joe Gorman
Mobile: (phone number removed)
Email: (url removed)
Chief Financial Officer
Posted 23 days ago
Job Viewed
Job Description
Reown (previously known as “WalletConnect Inc”), equips builders with the tools needed to create seamless, secure, and intuitive digital ownership experiences.
Since it began as a simple QR code in 2018, WalletConnect has grown into a comprehensive network, serving over 6,000 apps, 600+ wallets, and 15+ million users.
Reown offers cutting-edge toolkits like AppKit and WalletKit, designed to enhance web3 interactions. AppKit enables smooth wallet integrations, login options, and on-chain transactions, while WalletKit focuses on securing and simplifying wallet connections to thousands of apps, supporting both EVM and non-EVM blockchains.
Backed by $38 million in funding from some of the world’s best crypto and infrastructure investors such as Union Square Ventures, 1kx, Shopify, Coinbase Ventures, Circle Ventures, and Uniswap Labs, Reown is a global, remote-first team that values openness, simplicity, innovation, and ownership.
The RoleDuration: Full-time; Location: REMOTE; Preferred Living Locations or Time zones: EMEA or East Coast US. CET overlap required.
We are seeking an experienced Chief Financial Officer (CFO) to join our executive leadership team, reporting to the CEO. This role will have full financial leadership over Reown, Inc. (US) and day-to-day operations of the WalletConnect Foundation’s Cayman and BVI entities.
Reporting to the CEO, you will be responsible for all financial functions across the group—including accounting, tax, treasury (fiat and digital assets), reporting, investor relations and strategic finance—while partnering closely with external firms, executive leadership, exchanges, and other critical stakeholders in the Web3 ecosystem.
Corporate & Foundation Financial Leadership
- Develop and execute financial strategy & reporting for WalletConnect & Reown Inc. corporate groups and related legal entities in alignment with the group’s overall mission and objectives.
- Manage investments, asset management, financial planning, budgeting, M&A and forecasting processes including structured products partnership with the Directors of Reown Inc and WalletConnect Foundation.
- Manage the preparation and presentation of management accounts, quarterly financial reports and statements for the WalletConnect Foundation entities. Design and manage relevant associated finance-ops tooling.
- Partner with external accounting firms for bookkeeping, audits, and tax/regulatory filings in all jurisdictions.
- Establish and maintain accounts with key financial service providers like banks, custodians, marketmakers, exchanges and trading desks.
- Manage and maintain group budgets and business models.
- Ensure timely preparation and filing of tax returns and compliance documentation across all entities. Ensure compliance with financial and accounting standards in relevant jurisdictions.
- Support the CEO and executive team in strategic initiatives, including partnerships, tokenomics planning, and capital deployment.
Asset Management
- Develop and manage appropriate internal controls to safeguard assets. Understand and manage financial aspects unique to on-chain activities, including multisignature transactions.
- Lead treasury management for both fiat and digital assets, including oversight of the WCT token.
- Serve as a multisig account signatory, managing approvals and secure operations.
- Maintain best practices for secure custody and movement of funds.
- Manage structured products and ensure proper accounting treatment in coordination with external providers.
Accounts Payable/Receivable
- Run AP/AR processes and systems, ensuring accuracy, efficiency, and timely execution; liaise with vendors/partners as required
- Implement scalable processes for payments, vendor management, and revenue recognition
Stakeholder & Ecosystem Engagement
- Generate institutional awareness and demand for the token in partnership with leadership including but not limited to maintaining an investor CRM, coordinating fundraising activities and roadshows, providing timely investor updates and building relationships with investors in the industry.
- Track and ensure the receipt or delivery of all investments, payments, ecosystem grants and team-member grants, including supporting proper execution of legal documentation
- Design, build and operate a public reporting framework for Foundation finances that provide appropriate levels of transparency to the tokenholder community.
Requirements
What We’re Looking For (Must Haves):
- Proven experience as CFO, VP Finance, or equivalent leadership role—ideally in a crypto-native or web3/technology startup.
- Experience working with exchanges, custodians, and market makers
- Strong knowledge of U.S. GAAP, tax regulations, and international financial operations.
- Deep understanding of digital assets, token treasury management, and multisig protocols.
- Strong communication skills and ability to collaborate cross-functionally at the executive level.
- Bonus: Experience with foundation structures, public disclosures, and regulatory frameworks in the crypto space and strong investor networks.
Benefits
Why Join Reown | WalletConnect
- Shape the future of Web3 wallet connectivity and security.
- Work with top wallet providers, custodians, and institutional players in blockchain.
- Fully remote-first company with a collaborative and high-impact team.
- Competitive salary, crypto-friendly benefits, and career growth opportunities.
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CFO
Posted 6 days ago
Job Viewed
Job Description
CMA Executive is thrilled to be retained by this fast-growing, UK headquartered cyber security scale-up, protecting organisations from the most advanced digital threats. Powered by proprietary, market leading intellectual property, their solutions are already trusted by high-profile US enterprises and government customers.
With the US as the core growth market and strong backing from a leading mid-market US-based private equity firm, the business is expanding rapidly, both organically and through targeted M&A activity. The next stage of their journey requires a commercially astute, growth-minded CFO to help scale with pace and precision.
What will the CFO role involve?
As CFO, you will be a central member of the executive leadership team, responsible not only for top-tier financial stewardship but also for shaping and executing the strategic growth agenda. You will lead financial planning, oversee investor reporting, and play a key role in evaluating and integrating acquisitions.
This is a hands-on, strategically critical role and ideal for a CFO who thrives in fast-paced, private equity-backed scaling environments and who can bridge the UK headquarters with the predominantly US commercial operations
- Strategic Leadership: Partner with the CEO and Board to define and execute growth strategy, with a sharp focus on accelerating the international footprint
- Financial Management: Own the end-to-end finance function, from FP&A and cashflow forecasting to robust financial controls and compliance across multiple jurisdictions
- Private Equity Engagement: Serve as the primary finance liaison with US based PE backers, ensuring transparent, data-driven investor relations and value creation tracking
- M&A Execution: Lead financial due diligence, valuation modelling, and post-merger integration for strategic acquisitions internationally
- Scalability & Process Optimisation: Implement finance systems and processes that enable operational efficiency without slowing the pace of innovation
- Commercial Insight: Provide real time, forward looking financial insights to support decision making, product investment, and go-to-market optimisation
Suitable Candidate for the CFO vacancy:
We welcome candidates with proven success as a CFO or senior finance leader in a high-growth technology or SaaS/ cyber security business (scale-up or mid-cap).
- Track record in private equity backed companies, ideally with US investor relations exposure
- M&A experience
- Strong understanding of US commercial operations and cross-border tax/regulatory considerations
- Ability to balance operational detail with strategic foresight in a dynamic, entrepreneurial environment
- Qualified ACA / CIMA / ACCA or equivalent
- Experience with IP-rich product businesses and subscription/SaaS revenue models
- Familiarity with UK/US accounting standards (IFRS / US GAAP)
Additional benefits and information for the role of the Finance Director:
This is a rare opportunity to join a UK headquartered, globally scaling cyber security innovator at a defining moment in their growth story. You will shape the financial and strategic future of a company with proven technology and the capital backing to deliver at speed.
If you are a commercially driven CFO who thrives at the intersection of technology, international expansion, and private equity performance, we want to hear from you.
US travel is to be expected.
CMA Recruitment Group is acting as a recruitment agency in relation to this role. CMA complies with all relevant UK legislation and doesn’t discriminate on any protected characteristics. By completing the application process, you agree to the terms outlined in our Privacy Notice and that CMA may contact you in connection with your application in relation to CMA providing you with work finding services. Our Privacy Notice can be viewed under the privacy tab on our website. CMA is currently receiving a high volume of applications. Whilst we ensure all applications are considered, regrettably, it may not be possible to respond individually to all applications received.
CFO
Posted 6 days ago
Job Viewed
Job Description
CMA Executive is thrilled to be retained by this fast-growing, UK headquartered cyber security scale-up, protecting organisations from the most advanced digital threats. Powered by proprietary, market leading intellectual property, their solutions are already trusted by high-profile US enterprises and government customers.
With the US as the core growth market and strong backing from a leading mid-market US-based private equity firm, the business is expanding rapidly, both organically and through targeted M&A activity. The next stage of their journey requires a commercially astute, growth-minded CFO to help scale with pace and precision.
What will the CFO role involve?
As CFO, you will be a central member of the executive leadership team, responsible not only for top-tier financial stewardship but also for shaping and executing the strategic growth agenda. You will lead financial planning, oversee investor reporting, and play a key role in evaluating and integrating acquisitions.
This is a hands-on, strategically critical role and ideal for a CFO who thrives in fast-paced, private equity-backed scaling environments and who can bridge the UK headquarters with the predominantly US commercial operations
- Strategic Leadership: Partner with the CEO and Board to define and execute growth strategy, with a sharp focus on accelerating the international footprint
- Financial Management: Own the end-to-end finance function, from FP&A and cashflow forecasting to robust financial controls and compliance across multiple jurisdictions
- Private Equity Engagement: Serve as the primary finance liaison with US based PE backers, ensuring transparent, data-driven investor relations and value creation tracking
- M&A Execution: Lead financial due diligence, valuation modelling, and post-merger integration for strategic acquisitions internationally
- Scalability & Process Optimisation: Implement finance systems and processes that enable operational efficiency without slowing the pace of innovation
- Commercial Insight: Provide real time, forward looking financial insights to support decision making, product investment, and go-to-market optimisation
Suitable Candidate for the CFO vacancy:
We welcome candidates with proven success as a CFO or senior finance leader in a high-growth technology or SaaS/ cyber security business (scale-up or mid-cap).
- Track record in private equity backed companies, ideally with US investor relations exposure
- M&A experience
- Strong understanding of US commercial operations and cross-border tax/regulatory considerations
- Ability to balance operational detail with strategic foresight in a dynamic, entrepreneurial environment
- Qualified ACA / CIMA / ACCA or equivalent
- Experience with IP-rich product businesses and subscription/SaaS revenue models
- Familiarity with UK/US accounting standards (IFRS / US GAAP)
Additional benefits and information for the role of the Finance Director:
This is a rare opportunity to join a UK headquartered, globally scaling cyber security innovator at a defining moment in their growth story. You will shape the financial and strategic future of a company with proven technology and the capital backing to deliver at speed.
If you are a commercially driven CFO who thrives at the intersection of technology, international expansion, and private equity performance, we want to hear from you.
US travel is to be expected.
CMA Recruitment Group is acting as a recruitment agency in relation to this role. CMA complies with all relevant UK legislation and doesn’t discriminate on any protected characteristics. By completing the application process, you agree to the terms outlined in our Privacy Notice and that CMA may contact you in connection with your application in relation to CMA providing you with work finding services. Our Privacy Notice can be viewed under the privacy tab on our website. CMA is currently receiving a high volume of applications. Whilst we ensure all applications are considered, regrettably, it may not be possible to respond individually to all applications received.
CFO, Commercial
Posted 7 days ago
Job Viewed
Job Description
_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**
CFO, Commercial
Overview:
This Chief Financial Officer (CFO) Commercial reports to the CFO, Commercial and New Payment Flows and will partner with the business and global teams to drive forward and support the business strategy of the Commercial business, which includes Global Corporate Solutions, Small & Medium Enterprises (SME) and Commercial Verticals Sales. The role is tasked with setting the vision and executing strategies to drive new business and financial opportunities for Commercial. This role requires extensive experience leading and delivering financial solutions that adhere to industry standards and best practices. As CFO, Commercial, the incumbent will be responsible for the financial planning and analysis activities, including financial reporting and controls, investment management, support of M&A activities, development of business cases, drive efficiencies, financial processes, planning and objective setting and business partner support.
Role:
- Manage all financial aspects of Commercial business, supporting three strategic areas: Global Corporate Solutions, SME and Commercial Verticals.
- Partner with the business unit leaders and other areas of the company to formulate and implement business unit strategy, evaluate new growth areas, run special projects to advance the strategy, and support Board of Directors reviews
- Lead all financial aspects of M&A activity in Commercial businesses including due diligence, financial modelling, and integration activities
- Lead capital allocation process and development of business cases for organic investments, including technology and product development for new solutions
- Manage financial analyses (e.g., product/customer profitability analysis) related to customer planning activities such as customer contracts and incentives ensuring that business cases for these agreements are financially sound
- Lead budgeting, forecasting and financial reporting. Review and explain significant variances from prior period actuals, budgets, and forecasts
- Work with business unit leaders to set objectives, develop plans and establish KPIs
- Lead the development and implementation of streamlined processes to manage the financial needs of the business function
- Assist in the development, implementation and maintenance of cost-effective controls to promote data integrity and minimize risk (financial, operational, legal, regulatory, etc.)
All About You:
Leadership Attributes/Qualifications:
- Proven ability to build high performing teams, history of strong leadership, teamwork and the ability to work in a matrixed organization
- Experience in leading a team that is geographically dispersed and to be part of a geographically diverse team
- Fluency in English. Excellent verbal, written and presentation skills - ability to communicate effectively at all levels of the organization
- Demonstrated history of thoughtful risk taking, business acumen, thought leadership, commitment and strong sense of urgency
- Executive presence, ability to influence others and intellectual horsepower
Experience/Education:
- CPA and/or MBA preferred
- Solid accounting skills, excellent finance skills including modelling and scenario analysis, budget, planning and forecast experience, significant experience in risk management and a solid understanding of the business or demonstrated learning agility are required. Operational experience very desirable.
- International experience in more than one country and be geographically mobile preferred
Compensation Pay Range: $280,000-$400,000 USD
**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.