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Visa // credit cards
   Posted: Thursday, February 06, 2020
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Company Description

Visa operates the world's largest retail electronic payments network & is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value & information among financial institutions, merchants, consumers, businesses & government entities.

We offer a range of branded payment product platforms, which our financial institution clients use to develop & offer credit, charge, debit, prepaid & cash access programs to cardholders. Visa's card platforms provide consumers, businesses, merchants & government entities with a secure, convenient & reliable way to pay & be paid in over 200 countries & territories.

For each of the past seven years, Visa has been voted one of the World's Most Ethical Companies by Ethisphere Institute, & recognized as one of the top brands globally by several independent brand benchmarking organizations.

Job Description

As a global payments network, Visa maintains a Compliance Program designed to proactively manage legal, regulatory & ethical risks across our business.

This position is responsible for the effective oversight, support & monitoring of the application of the Compliance Program across the Commonwealth of Independent States & South East Europe (CIS/SEE) sub-region. The position is a critical partner to the business, providing pragmatic, solution oriented counsel to ensure that Visa has effective, risk based business decision-making, & performing review of key processes to ensure activities meet requirements of company policy, international standards & the obligations of regulations & laws of the United States & of those countries in which we operate. Responsibilities include the following risk areas:

  • Anti-Bribery & Anti-Corruption;

  • Office of Foreign Assets Controls & other Sanctions;

  • Anti-Money Laundering (AML) / Anti-Terrorist Financing (ATF);

  • Data Privacy;

  • Information Security;

  • Anti-Trust & Competitive Intelligence; and

  • Other specific compliance requirements of regulators who have regulatory authority over Visa operations.

In addition, this position also holds responsibility for ensuring the highest standards of conduct, as set out in Visa's Code of Business Conduct & Ethics. Particular areas of focus include:

  • Business Conduct & Ethics;

  • Conflicts of Interest; and

  • Prevention of Insider Trading.

Leadership & Responsibilities

  • Core Responsibilities:

    • Responsible for all Compliance Program matters as the primary point of contact for business units, support functions & other control functions

    • Primary point of contact for AML/ATF matters with regulators, in collaboration with Legal & Government Engagement functions

    • Collaboration with Visa's Financial Intelligence Analytics Center on activities including additional & enhanced due diligence applied to AML/ATF & Sanctions cases, including direct communications & requests for information from clients & partners

    • Ensuring that the business has effective decision-making, risk assessment, processes, controls & procedures to meet obligations of internal policy & international & local regulations, laws & requirements

    • Review of significant business strategies, activities & transactions, assessment of risk & development & execution of risk mitigation action at regional, country, program & product level

    • Accountable for managing the process to provide required reporting to regulatory authorities, where relevant

    • Promote understanding of the Compliance Program & Code & drive effective inclusion of Compliance in business activities & strategies

    • Actively participate in & provide counsel to the CIS/SEE Leadership Team

  • Collaboration & Communication:

    • Communicate openly, & develop strong & effective internal business partnerships & drive regulatory compliance matters by providing accurate & timely advice & counsel

  • Enable & Inspire:

    • Ensure understanding of business strategy through ongoing dialogue to identify potential or emerging risks & proactively address them so as to avoid unnecessary exposure or delays to implementation of strategic plans

  • Excel with Partners:

    • Respond to queries & questions on the Compliance Program, Code of Business Conduct & Ethics & company Policies from the business, support functions, other control groups

    • Provide support to regulators, Clients & partners on the Visa Compliance Program & requirements of Visa Rules

  • Act Decisively:

    • Execution of due diligence requirements of the Anti-Bribery/Anti-Corruption Program, AML/ATF & Sanctions Programs, including third party due diligence, provision of AML/ATF workshops & education for Clients & on-site Client AML program assessments. The AML/ATF component is a significant portion of the position's overall responsibilities.

    • Review, assessment & pre-approval of gifts, travel & entertainment, events & related contracts & transparency agreements, as well as assessment of the proper designation of State-Owned Entities, Government Officials & Covered Government Officials

    • Regional oversight of other Compliance Programs including Business Conduct & Ethics, Conflicts of Interest, Prevention of Insider Trading, Data Privacy & Information Security Programs

  • Risk Assessment:

    • Work with other control groups including Legal & Government Engagement to maintain an understanding of the legal & regulatory landscape including the support & maintenance of the legal & regulatory obligations inventory as it applies to Visa

    • Perform targeted testing of key processes & control design & effectiveness to ensure risk mitigation objectives are met most efficiently & with least impact on business operations

  • Control Environment:

    • Assist the business in developing & enhancing the first line of defense to ensure compliance with local regulatory requirements, ensuring that risks are being adequately managed & that the business is in compliance with company policy

    • Continually identify opportunities for program & process efficiencies while ensuring sufficient controls are in place; partner with the business to drive identified process & control improvements

  • Employee Education:

    • Provide effective business education on policy requirements, including delivery of localized training, tailored to specific countries, business & support function needs

  • Risk & Controls Reporting
    • Developing & analyzing comprehensive reporting including local dashboard of Compliance Program activity, metrics & performance assessment

    • Provide risk & activity updates to the Business leader & Regional Compliance Leader

    • Issue investigation reports & related actions plan as required

  • 8 to 10 years of experience in management of compliance programs & controls within the financial services industry

  • Bachelor's degree or other higher education qualifications required

  • Professional AML/ATF accreditation required (CAMS) required

  • Six sigma yellow belt and/or process engineering skills required

  • Sound knowledge of AML/ATF risks & typologies

  • ICA Diploma in Governance, Risk & Compliance or similar qualification preferred

  • English, Ukrainian & Russian language skills required, both written & oral

  • Good knowledge of payments industry products, emerging products, regulations & related trends

  • Good understanding of core pillars of effective AML/ATF & Sanctions programs & appropriate legislation

  • Highly analytical & self-motivated, adept at working independently & in a dispersed team environment covering multiple & varied tasks

  • Capable of working collaboratively with employees from all levels within the organization

  • Flexible to work in an environment where needs are continually changing

  • Corporate experience with a proven track record of managing multiple projects in a complex matrix business & operational environments

  • Intuitive, highly ethical & comfortable to question & challenge when required

  • Ability to multi-task & able to work with minimal supervision

  • Some travel & extended business hours (conference calls, video calls & web based meetings) may be required

  • Excellent analytical & data analysis skills including use of MS Office systems including Word, Access, Visio, Excel (advanced), Power Point, SharePoint & other applications

  • Excellent & professional written, presentation & communication skills

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