Senior Director, AML/CTF and Sanctions Compliance - VGSI

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in 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 while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

Visa Global Services Inc. (VGSI) is a wholly owned subsidiary of Visa Inc. that facilitates regulated money movement for certain Visa products and services, as a registered MSB and licensed state money transmitter.  It supports a number of products including Visa B2B Connect,  Visa Direct Account/Wallet, and Currencycloud services.    

Responsibilities include:

• Design, own, and manage VGSI product-specific BSA/AML and sanctions risk strategies, standards, procedures, and risk assessments to support product service offerings.

• Partner with cross functional teams to define and implement enhanced controls, tools, and compliance monitoring rules for VGSI clients, customers, and products.

• Execute VGSI monitoring rules to ensure client compliance with product parameters.

• Develop and maintain standards for compliance operations including SLAs and escalations of items, training, first line of defense quality reviews, governance, issue management, and reporting.

• Manage a team responsible for the daily compliance operations related to transaction monitoring, CDD/EDD, sanctions screening, and periodic reviews.

• Interact with senior management in Product, Compliance, Legal, Risk, and regional business units concerning AML/CTF issues and processes.

• Stay up-to-date on regulatory and corporate governance developments affecting cross-border payments and money transmission.

• Report periodically on program status and escalate issues to senior management.

• Support resolution of compliance issues in partnership with internal and external stakeholders

• Provide support and guidance around compliance requirements for new product initiatives or product modifications.

• Be comfortable and effective communicating the compliance and sanctions program to third parties such as prospective clients, key vendors, and regulators. 

• Communicate priorities, activities, and results to the larger organization, including senior leadership.

• Have a strong pulse and feedback loop on regional and functional partner needs.

• Respond as needed to third party compliance inquiries and regulatory exam requests.

• Identify and take on ad hoc strategic projects and execute on key initiatives, including closing any gaps in product features and functionality.

• Present to leadership at board meetings and risk committee meetings.

This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.

Qualifications

Basic Qualifications
• 12 or more years of work experience with a Bachelor’s Degree or at least 10 years of work experience with an Advanced degree (e.g. Masters/MBA /JD/MD), or a minimum of 5 years of work experience with a PhD

Preferred Qualifications
• 15 or more years of experience with a Bachelor’s Degree or 12 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, or MD), PhD with 9+ years of experience
To apply for this role, we are looking for someone that has at least 15 years within Financial Crime Prevention within the financial services industry. We will also require the following:
• Strong knowledge of global financial crime regulations with deep expertise in one or more jurisdictions.
• Must have experience with US regulations
• Deep knowledge of AML CDD policies and standards, industry best practices in AML CDD, including legal entities in global jurisdictions
• Experience in designing and implementing effective financial crime control frameworks.
• Comfortable working with data
• Strong communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders, including teams outside of the compliance function.
• Must have experience managing risk assessments (AML and Sanctions) and RCSA
• Excellent negotiator with the ability to bring teams and people with diverse ways of thinking together.
• Ability to work in a fast-paced and time sensitive environment and handle multiple tasks simultaneously.
• Preferred: Certified Anti-M