Compliance Manager

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

Key Responsibilities

Primary areas of responsibility include:

• Facilitating client & partner supplier diligence on-boarding and relationship risk management processes particularly in collection and analysis of due diligence for counterparty verification ie KYC CDD
• Conducting and or overseeing compliance reviews and audits including KYC refreshes on counterparties and partners
• Ensuring clients are within legal and risk parameters and not undertaking Money Laundering or criminal activities
• Ability to deal with a diverse range of tasks requiring stakeholder management while meeting deadlines
• Completing country specific risk assessments and be a subject matter expert for the CEMEA region
• Providing diligence subject matter expertise management and direction to the broader diligence team in particular and the wider VPC team through regular engagement across the function
• Ensure effective diligence processes are implemented including regular monitoring
• Develop the diligence functional area maintaining the function s ability to serve the business now and consider scalability for the future
• Work with prospective Direct to Account clients Visa Direct programs and Network Partners
• Facilitate review and approval and management alongside supporting Diligence SMEs for ongoing due diligence
• Produce and develop management information on alignment with regulatory and internal policy risk expectations
• Ensure group wide compliance with external legislation and regulation and internal policies and procedures
• Support the resolution of risk and compliance issues queries and concerns raised both internally and externally
• Engage with relevant internal and external stakeholders including other functions and departments FIUs law enforcement and regulators
• Applying primary compliance legislation and regulation including the Money Laundering Regulations 2017 and the Payment Services Regulations in particular
• Support the Deputy MLRO in their broader responsibilities
• Delivery maintenance and improvement of the relevant compliance risk control frameworks primarily related to Diligence however supporting wider VPC
• Ensure compliance with relevant local legislation and any applicable local compliance acceptance criteria as defined by the board
• Supporting to ensure business wide training in all matters of relevant financial crime compliance
• Support with alignment of VPL s AML CTF and Sanctions compliance processes with global policy and processes where appropriate

Leadership responsibilities

• Support and assist direct reports in identifying reviewing and escalating diligence risk issues including potential money laundering fraud and sanctions issues
• Allocating work and setting delivery expectations day to day and through the use of objective setting within the performance review process
• Overseeing and ensuring delivery through others offering constructive criticism guidance and support
• Supporting the VPC team to define and promote the Compliance Vision within Visa Payments and across the group with regards to our regulated status and the importance of our compliance framework
• Exemplify the company's leadership values and promote them in all areas of the role within and outside the function

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Education

• Ideally educated to degree level and or related professional qualifications eg International Compliance Association Certificates ACAMS and or Diplomas

Experience

• 5 years experience in a financially regulated institution payments FX industry compliance regulation enforcement
• Minimum of three years working within financial services
• Specific experience related to the management of due diligence risk is necessary
• Proven experience and understanding of assessing risk and identifying mitigation
• Experience of managing coaching leading and developing teams and individuals
• Understanding of risk risk assessment control frameworks and risk mitigation
• Understanding of operations processes and IT systems in payments processes is desirable
• Experience with UK regulatory requirements to meet the needs of a PSP is desirable

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.