Compliance Analyst, Diligence

Whats it all about

Visa Payments Limited (Visa Payments) is a UK subsidiary within the Visa Group and are seeking a Compliance Analyst to join our Due Diligence team during an exciting time of significant business change. The purpose of the Compliance Function is to assist senior management to effectively manage designated risks and to support the business by being an expert trusted advisor overseeing a robust integrated and effective risk control framework.

Compliance has a remit to develop implement oversee and report on a compliancerisk control framework working closely with the Visa Payments Risk Committee and Visa Payments Board.

The compliancerisk control framework includes financial crime compliance and regulatory compliance. Financial crime focus is on AntiMoney Laundering (AML) Counter Terrorist Financing (CTF) Sanctions & AntiBribery and Corruption (ABC) and on the associated Know Your Customer (KYC) and Know Your Customers Business (KYC/B) & Counterparty Due Diligence (CDD) obligations including primarily but not limited to:

• Periodic & Trigger based counterparty due diligence
• Counterparty due diligence queries on Visa Payments
• Transactional monitoring
• Sanctions screening & OpenSource investigations
• Suspicious activity identification monitoring and reporting
• Onboarding counterparty due diligence

What we expect of you day to day.

The Compliance Analyst sits within the Visa Payments Compliance (VPC) due diligence team and is responsible for conducting AML/KYC in accordance with Regulatory requirements and Policies Procedures of Visa Payments. In this role you will play a key part in conducting periodic and trigger reviews on counterparties as well as supporting the compliance function within Visa Payments.

Key Responsibilities

Primary areas of responsibility include:

• Perform periodic and triggerbased reviews of counterparties collaborate with relationship managers to gather necessary KYC information and documents ensuring continuous adherence with our policies procedures and regulatory requirements.
• Perform Sanctions PEP Adverse Media screening and opensource checks as part of counterparty due diligence and manage daily alerts from continuous counterparty screening.
• Proactively identify escalate and assist in resolving issues related to client types structures AML/CTF risks or actual or suspected sanctions matches.
• Ensure internal SLAs and deadlines are met.
• Oversee the Due Diligence inbox prioritising and routing requests to ensure both internal and external inquiries are handled promptly and efficiently.
• Ensure compliance with documentation requirements conduct AML checks on new and existing clients execute KYC analysis compile reviewready reports for approval in line with policies and procedures.
• Represent the Due Diligence team in internal and external meetings as necessary.
• Ensuring clients are within legal parameters and not undertaking ML or criminal activities. For example using screening and monitoring systems to assess client legitimacy.
• Promoting and providing advice on best compliance practice within critical business areas.
• Conduct comprehensive due diligence during the onboarding process for Financial Institutions (FIs) and NonBanking Financial Institutions (NBFIs) ensuring all necessary checks and verifications are completed in line with our policies and procedures and regulatory requirements.
• Exemplifying the company values and promoting them in all areas of the role within and without the function.
• Assist in the development and implementation of new controls and procedures to enhance the efficiency and effectiveness of our due diligence process.
• Contribute to the training and development of other team members sharing knowledge and best practices in due diligence and compliance.
• Assist with the development of management information in alignment with regulatory and internal policy/risk expectations.
• Provide support in carrying out adhoc projects as needed.

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

Qualifications :

Basic Qualifications
2 or more years of work experience with a Bachelors Degree or an Advanced Degree (e.g. Masters MBA JD MD or PhD)

Preferred Qualifications
3 or more years of work experience with a Bachelors Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters MBA JD MD)

Education
Ideally educated to degree level and/or related professional qualifications (e.g. International Compliance Association Certificates and/or Diplomas)
Experience
3 years experience in a related environment (payments/FX industry compliance regulation enforcement)
Specific experience related to Customer Due Diligence (CDD) and Know Your Business (KYB) practices ideally on large corporate entities financial institutions and NBFIs
Proven experience and understanding of assessing risk and identifying mitigation.
Understanding of risk risk assessment control frameworks and risk mitigation.
Experience in correspondent banking wallets and virtual currency sectors is highly desirable.

Skills
Selfmotivated & high level of initiative
Stakeholder management
Delivery mindset
Control framework development delivery and maintenance.
Excellent communication skills both written and oral
Accuracy and attention to detail
Flexible problemsolving attitude
Courteous & adaptable team player capable of effective collaboration within a diverse group

Additional Information :

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race color religion sex national origin sexual orientation gender identity disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Remote Work :

No

Employment Type :

Fulltime