Director, Compliance Risk Management

Company Description

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

Job Description

Visa is seeking a Director, Compliance Risk Management to support our Second Line of Defense Compliance Risk Management Monitoring and Testing function. The individual will manage and oversee Visa’s Substantive Compliance Program areas, and provide oversight to ensure programs meets internal standards, applicable regulatory requirements and applies industry best practices.  The candidate will work closely with First Line program owners to provide input and expertise to drive a best-in-class Compliance programs.  The candidate will perform periodic testing, monitoring, and validation of business controls for compliance with applicable laws and regulations.  The position reports to the Vice President of Operational & Compliance Risk Management.

Essential Functions

• Excellent knowledge and understanding of risk management practices: experience in identifying, assessing, and reporting risks
• Managing and executing the Compliance testing program for Substantive Compliance Areas, including risk assessments, test strategies, work plans, schedules, and test scripts
• Identify and engage appropriate stakeholders to facilitate targeted deep dives, thematic reviews, and any additional directives from senior leadership.
• Developing and maintaining regular communication with key stakeholders to identify emerging risks, facilitate targeted deep dives, thematic reviews or leading trends that may influence overall risk posture.
• Overseeing the issues management process for all Compliance issues, including self-identified issues and other assurance providers
• Provide effective challenge to issue owners in through root cause analysis and developing mitigation action plans with clear timelines for closure
• Tracking and reporting of risk assessment, validation, and mitigation activities – including maintaining, validating, and updating key reference tools and documents for the program
• Preparing management reports and dashboards on testing status and delivering results to Business Line Management, Program Owners, the Chief Risk Officer and the Chief Compliance Officer and Governance Committees
• Staying abreast of laws, regulations, and industry best practices relevant to Compliance Programs and adjust the Compliance testing program accordingly

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Basic Qualification

• 10 or more years of work experience with a Bachelor’s Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD

Preferred Qualifications

• 12 or more years of work experience with a Bachelor’s Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6+ years of work experience with a PhD
• Excellent data analysis skills and demonstrated experience in Testing, Validation, Quality Assurance
• Strong written and verbal communication and presentation skills (ability to translate complex information into comprehensive and concise test results and recommendations)
• Self-motivated team player
• Must be detailed oriented, have strong organizational skills and solid problem-solving abilities
• Exhibit strong planning, organizational skills
• Ability to manage assignments that are of diverse scope and complexity and require significant initiative and judgment
• Strong Excel, Power Point, Word and Visio skills
• Education preferably in Finance, Accounting or Management Information System
• CPA, ACAMs, CRCM CISA, or CIA
• 8+ years of Audit and/or Compliance experience, particularly in AML &