Job Description
Visa conducts its business in compliance with the economic sanctions and trade embargo regulations of the United States, administered by OFAC and other applicable Sanctions Regulations worldwide. The Senior Director, Global Sanctions Compliance will support and execute the sanctions compliance program across all Visa’s applicable businesses and support areas. This includes ensuring the sanctions program and processes align with the Anti-Money Laundering (AML) program and ensure continued compliance with all applicable laws and regulations.
The candidate will manage the sanctions team and will partner with Legal and internal Customer Service and Risk Operations. Partnering with business stakeholders is critical to success to ensure processes are developed in a cost efficient manner while supporting new business initiatives.
Responsibilities
As the sanctions subject matter expert, thoroughly understand global policies and regulations as they affect the business goals and drivers for Visa
Meet with regulators, OFAC staff and other officials regarding OFAC and other sanctions regulatory matters
Enhance and develop sanctions procedures and processes to ensure compliance with regulations
Conduct sanctions training for relevant personnel
Oversee sanctions screening processes, including providing expertise for resolving possible matches
In partnership with Technology, design and execute screening tools / applications, including logic, thresholds and application
Manage client responses and other communications involving sanctions compliance
Conduct risk assessments, including updates to the global sanctions Risk Assessment
Train and mentor analysts responsible for daily screening, monitoring and investigation
Facilitate internal audit requests and ensure satisfactory resolution of any audit findings and recommendations
Act as liaison with sanctions compliance personnel from industry
Identify cost savings opportunities for sanctions compliance program
Manage direct reports (“People Manager”), including performance evaluations, training, mentoring, and promotion opportunities
Manage contractors hired to support sanctions compliance program
Attend government and industry events
Communicate regulatory requirements to business units
Coordinate sanctions processes with AML team to ensure efficiencies and effectiveness for both programs
Partner with Legal for subpoenas and other regulatory requests related to sanctions
Responsible for all OFAC licenses, reporting requirements and other communications
Communicate relevant sanctions events to management and executives
Develop and maintain working relations with business and other internal stakeholders
Develop metrics and reports for Executive Leadership
Qualifications
10-15 years of OFAC Compliance experience, preferably with a financial institution
Knowledge of Visa (or related) systems & products, payment systems and/or card programs
Excellent written, oral and presentation skills
Ability to synthesize information and make clear, concise recommendations
Creative thinker, team player, promoter of new ideology
Experience and knowledge of screening technology and systems is required, such as, Detica aka Norkom, ACI Worldwide, RDC, Actimize
Excellent people and relationship-building skills
Bachelor's degree required
Master’s degree or above preferred
ACAMS or similar professional certification highly desired
Tuesday, September 29, 2015
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