Director, Sanctions Screening Operations

We are seeking a seasoned compliance professional to manage Visas sanctions screening operations. This position will report to the Head of Global Sanctions and will support the Ethics and Compliance Department and work closely with business partners and other internal stakeholders. The Director for Sanctions Screening Operations will oversee execute and manage the sanctions screening of third parties across Visa with significant concentration on program design and execution. This leader will be responsible for managing a team of compliance professionals who will be responsible for investigating dispositioning and escalating alerts generated from screening.

The candidate will primarily manage the screening operations as part of Global Sanctions Compliance and will partner with key stakeholders including colleagues in Legal Regional Business Government Engagement Riskand Visa account executives to provide guidance to the business day-to-day operations. This leader will act with urgency when conditions warrant and exercise outstanding judgement to take swift decisive action when situations warrant.  

Job Responsibilities

As the Director Sanctions Screening Operations you will lead the sanctions operations and compliance process of merchant screening alert reviews investigation and monitoring of merchants for risk management compliance with relevant laws and regulations including Visas sanctions related regulatory requirement and in coordination with Visas Anti-Money Laundering (AML) team. As a sanctions and compliance subject matter expert you will thoroughly understand the applicable global laws and regulations particular to merchants and their impact to Visas business. You may be called on to meet with regulators OFAC staff and other officials regarding OFAC and other sanctions regulatory matters. You will develop enhance and implement the sanctions program on Merchant screening and its associated procedures to ensure compliance with applicable laws and regulations. You will regularly conduct sanctions training for relevant personnel and you will oversee Merchant sanctions screening processes including providing expertise for remediating any sanctions issues or risks that arise.  In partnership with Visas technology teams you will design and execute screening tools / applications including logic thresholds and application and will test and modify them as appropriate to enable effective and efficient compliance risk management solutions.

Additionally you will:

• Coordinate and oversee an effective Global Sanctions Compliance Program screening process  utilizing industry best practices regulatory guidance and requirements
• Design program elements including but not limited to policies and procedures working group charters KPIs monitoring protocols to effectively manage the screening operations.
• Advise stakeholders of Sanctions trends emerging risks new or amended laws regulations or regulatory guidance.
• Recommends and implement changes and controls to mitigate risks in support of Visas global business strategy

• Analyze data prepare and present regional and global reports related to sanctions compliance risk assessments and monitoring of sanctions related issues and escalations with senior management and global partners
• Work collaboratively across the business coordinate with AML Team and partner with legal colleagues to drive program effectiveness
• Facilitate internal audit requests and ensure satisfactory resolution of any audit findings and recommendations
• Develop metrics and reports for executive leadership

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

Qualifications :

Basic Qualifications
10 or more years of work experience with a Bachelors 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 Bachelors 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
10 years of sanctions compliance experience preferably with a financial institution payments company financial technology or another diversified financial services firm to be able to effectively advise on OFAC and Sanctions compliance
Minimum 6 years of work experience in a global sanctions and export control compliance role with increasing levels of responsibility and deep experience in sanctions matters
Minimum 5 years of demonstrated global sanctions compliance leadership and team management experience
Deep experience designing and implementing sanctions compliance programs and procedures
Deep expertise in running operations teams
Experience with and knowledge of screening technology and systems
Experience managing system configurations and performance output of screening technologies
Strong work ethic and an excellent use of discretion and judgment
Ability to work independently without significant oversight or direction

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 145100 to 222000 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