Senior Regulatory Compliance Manager

Visa is looking for a Senior Regulatory Compliance Manager based in Australia (Sydney) to be part of Currencyclouds Asia Pacific (APAC) Regulatory team. Currencycloud is part of Visa Group entities and covers Visas regulated payment business within Money Movement Solutions (MMS) in APAC. Currencycloud is also consolidated under Visa Direct which streamlines all of Visas cross border payments under one unified branding. The Currencycloud APAC Regulatory team serves as a critical partner to the MMS business providing pragmatic solutions-oriented advice to ensure that the regulated payment activities within licensed entities in APAC are in line with the local regulatory requirements where the licensed entities are operating in as well as Visas group standards. The team is part of the second-line function within Visas wider Group Ethics and Compliance.

What a Senior Regulatory Compliance Manager does at Visa:

Based in Australia (Sydney) this position will be reporting to the Currencycloud APAC Head of Regulatory based in Singapore and is a newly created position as part of Visas expansion plans within the APAC region. The Senior Regulatory Compliance Manager will lead the regulatory compliance program for Visas Australian entity focusing on securing and maintaining the Purchased Payment Facility (PPF) license with the Australian Prudential Regulation Authority (APRA). This role will design implement and maintain frameworks and controls to ensure compliance with APRAs prudential requirements and other relevant Australian regulations. The individual will also collaborate closely with global regulatory teams across APAC EU UK and US to ensure consistency and alignment with Visas global compliance standards.

Responsibilities:

License Application & Regulatory Engagement:

• In collaboration with the Strategy Legal and other AU senior leaders support the end-to-end process for obtaining the APRA PPF license including providing responses to APRA inquiries.
• Act as the primary liaison with APRA and other Australian regulators (ASIC AUSTRAC) for prudential and compliance matters.

Framework & Controls Implementation:

• Develop and embed a Prudential Compliance Framework aligned with APRAs CPS and APS standards (e.g. CPS 220 Risk Management CPS 510 Governance APS 610 Purchased Payment Facilities).
• Establish documentation inventory of policies and procedures certifications attestations to support license renewals regulatory inspections audits thematic reviews etc.
• Maintain a Prudential Obligations Register mapping APRA standards to internal processes and controls.
• Conduct horizon scanning perform gaps or impact assessments and implement remediation plans or control enhancements to ensure compliance readiness including provision of regulatory briefings to Board and Senior Management on new or amended legislation that impacts the Business.
• Support the Client Migration Project upon activation of PPF license.

Regulatory Advisory:

• Provide accurate and timely advice to the Board and Senior Management over regulatory related requirements ensuring that risks are being adequately managed while balancing business objectives.
• Review any new product and service initiatives and provide regulatory advice or alternative solutions to mitigate any regulatory risks.

Governance & Reporting:

• Provide comprehensive reporting including local dashboard and metrics reporting to the Board and Senior Management including Chief Risk Officer and Global Risk Committee.
• Own and maintain end to end regulatory reporting framework including establishment of clear ownership escalation protocols thresholds validation controls and submission timelines for all regulator returns notifications breach reporting and incident management in line with APRA AUSTRAC and ASIC requirements.
• Support executive and Board level regulatory attestations including validation of underlying data control evidence and material risk disclosures.
• Act as a second-line owner for regulatory observations findings and commitments ensuring accurate articulation to regulators robust remediation tracking and transparent progress reporting.

Cross-Regional Collaboration:

• Work closely with regulatory teams in APAC EU UK and US to ensure global standards are consistently applied.
• Participate in global regulatory forums and contribute to harmonization of policies and procedures.
• Participate actively in Regional and Global team discussions including sharing of local practices updating on regulatory developments etc.

Training & Awareness:

• Deliver training programs to embed a strong compliance culture within the Australian entity.

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

Qualifications :

Basic Qualifications:

• 8 or more years of relevant work experience with a Bachelor Degree or at least 5 years of experience with an Advanced Degree (e.g. Masters MBA JD MD) or 2 years of work experience with a PhD

Preferred Qualifications:

• 9 or more years of relevant work experience with a Bachelor Degree or 7 or more relevant years of experience with an Advanced Degree (e.g. Masters MBA JD MD) or 3 or more years of experience with a PhD
• To apply for this role we are looking for someone who has bachelors degree or higher education qualification and at least 7 years of working experience within regulatory compliance risk management or internal audit within financial services / payments industry especially APRA regulated entities.
• We will also seek candidates with the following:
• Strong knowledge of APRA CPS/APS standards and ASIC regulatory requirements including good knowledge of key Australian legislations & regulatory obligations: Banking Act 1959 Australian Prudential Regulation Authority Act 1998 Financial Accountability Regime Act 2023 Corporations Act 2001 Anti-Money Laundering and Counter-Terrorism Financing Act 2006 APRA Prudential Standards (CPS/APS series including APS 610 for PPF providers)
• Knowledge of other payments regulations across APAC will be advantageous but not necessary.
• Experienced in policies and procedures implementation including drafting them.
• Ability to provide training on key regulatory considerations to Business stakeholders.
• Strong project management skills and can cope with multiple project timelines including ability to lead projects independently.
• Comfortable working across regions and multi time zones although the role will be autonomous within region strong collaboration with the global teams in other regions such as UK and US will be required from time-to-time
• Excellent communication skills in English (both written and verbal) and can provide constructive and clear feedback to queries

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 :

Full-time