Events  Classes  Deals  Spaces  Jobs 
    Sign in  
 
 
Visa // credit cards
 
   Posted: Sunday, October 06, 2019
 
   
 
Apply To Job
 
 
JOB DETAILS
  Company Description

As the world's leader in digital payments technology, Visa's mission is to connect the world through the most creative, reliable & secure payment network - enabling individuals, businesses, & economies to thrive. Our advanced global processing network, VisaNet, provides secure & reliable payments around the world, & is capable of handling more than 65,000 transaction messages a second. The company's dedication to innovation drives the rapid growth of connected commerce on any device, & fuels the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network & scale to reshape the future of commerce.

At Visa, your individuality fits right in. Working here gives you an opportunity to impact the world, invest in your career growth, & be part of an inclusive & diverse workplace. We are a global team of disruptors, trailblazers, innovators & risk-takers who are helping drive economic growth in even the most remote parts of the world, creatively moving the industry forward, & doing meaningful work that brings financial literacy & digital commerce to millions of unbanked & underserved consumers.

You're an Individual. We're the team for you. Together, let's transform the way the world pays.

Job Description

Visa Direct is an exciting payment service that Visa provides to clients (issuers, acquirers, processors, merchants & service providers) to facilitate funds transfers & disbursements to Visa accounts in the U.S. & around the world using push payment technology, i.e. Original Credit Transaction (OCT). Visa Direct consumer & business applications include person to person (P2P) money transfer, person to micro-business (P2MB) transfer (e.g. payment for goods & services sold by very small businesses), marketplace payouts to gig economy participants, funds disbursement (e.g. insurance claims), & more. In order to offer ubiquitous reach in key global markets, Visa Direct will be expanding to offer a Payouts service to support payments through real-time payments, ACH schemes & other digital stores of value.This will expand the scope of Visa's push payments services to include connectivity into 90+ new payment types worldwide.

The Director - AML Compliance - Payments will be a key member of the Global AML & Sanctions leadership team. This charter is inclusive of assisting to develop the relevant AML policy standards, its Risk Based Approach, engagement models, establishing communications content & cadence, & providing strategic guidance to global & regional efforts.The role-holder should be able to engage with credibility & authority with clients & regulators & communicate clearly the platform's risk & compliance features. Knowledge of global industry & regulatory trends in the areas of AML/KYC & risk scoring will be critical as will experience in building solutions & processes to manage these. The ideal candidate should be able to work independently towards an agreed strategy & results & be effective in a dynamic, matrixed environment under demanding timelines.

Qualifications
  • 10-12 years of experience with a Bachelor's Degree, or
  • 12 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD or PhD)
  • 5-8 years of implementing AML/ATF, Bank Secrecy Act (BSA), USA PATRIOT Act, & OFAC programs at an MSB or Bank FI; in the payments industry a plus (but not essential)

Additional Preferred Qualifications:

  • Experience designing & managing AML & Sanctions related product features & controls
  • Ability to effectively collaborate & influence to lead cross-functional teams
  • Multi-national experience & perspective would be a strong plus
  • Fast learner & critical thinker, ability to interpret rules & policies & clearly articulate applicability to programs
  • Strong communication skills (verbal & visual) with an ability to explain complex compliance, business & technical concepts to broad audiences in an approachable way
  • Strong attention to detail & ability to manage multiple projects/ initiatives to conclusion through multi-functional teams
  • Passion for payments & creating new solutions
  • Visa or card industry knowledge would be an advantage

Essential Functions

  • Manage VD product-specific BSA/AML & sanctions risk strategy, standards, procedures & risk assessments to support the product roadmap, rollout, & service offering
  • Partner with cross functional teams to define enhanced controls, tools & compliance monitoring rules for originated programs impacting authorization confidence & issuers' Visa Direct enablement
  • Contribute to the design ofVD monitoring rules to ensure participants' compliance with product parameters, their PIFs & other best practices
  • Interact with senior management in Product, Compliance, Legal, Risk, & regional business units concerning AML/ATF issues & processes
  • Stay up-to-date of regulatory & corporate governance developments affecting payments
  • Report periodically on program status & escalate issues to senior management
  • Support resolution of compliance issues in partnership with regional Compliance & Client Services teams
  • Communicate priorities, activities, & results to the larger organization, including senior leadership
  • Have a strong pulse & feedback loop on regional & functional partner needs
  • Identify & take on ad hoc strategic projects & execute on key initiatives, including closing any gaps in product features & functionality
Additional Information

Essential Functions

  • Manage VD product-specific BSA/AML & sanctions risk strategy, standards, procedures & risk assessments to support the product roadmap, rollout, & service offering
  • Partner with cross functional teams to define enhanced controls, tools & compliance monitoring rules for originated programs impacting authorization confidence & issuers' Visa Direct enablement
  • Contribute to the design ofVD monitoring rules to ensure participants' compliance with product parameters, their PIFs & other best practices
  • Interact with senior management in Product, Compliance, Legal, Risk, & regional business units concerning AML/ATF issues & processes
  • Stay up-to-date of regulatory & corporate governance developments affecting payments
  • Report periodically on program status & escalate issues to senior management
  • Support resolution of compliance issues in partnership with regional Compliance & Client Services teams
  • Communicate priorities, activities, & results to the larger organization, including senior leadership
  • Have a strong pulse & feedback loop on regional & functional partner needs
  • Identify & take on ad hoc strategic projects & execute on key initiatives, including closing any gaps in product features & functionality
 
 
 
Apply To Job
 
 
 
 
 
© 2019 GarysGuide      About    Feedback    Press    Terms
 
Sponsor Gary's (World Famous) Red Tie