Senior Director, AML/CTF and Sanctions Compliance - VGSI
Senior Director, AML/CTF and Sanctions Compliance - VGSI
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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 Bachelors 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 Bachelors 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-Money Laundering Specialist (CAMS) or equivalent
Initiative: Identify process improvements demonstrate self-starter behaviors and a willingness to help others and show potential to require minimal supervision.
Additional Information :
Work Hours: Varies upon the needs of the department.
Travel Requirements: This position requires travel 5-10% of the time.
Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk communicate in person and by telephone frequently operate standard office equipment such as telephones and computers.
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.
Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law including the requirements of Article 49 of the San Francisco Police Code.
U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 170000 to 275000 USD per year which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge skills experience and addition this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical Dental Vision 401 (k) FSA/HSA Life Insurance Paid Time Off and Wellness Program.
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
