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Visa // credit cards
   Posted: Thursday, December 05, 2019
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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

Team Summary

Visa is looking for a passionate Compliance Director to join our Asia Pacific Compliance team.

As the Compliance Director you'll be a critical partner to the business, providing pragmatic, solutions oriented advice to ensure that Visa has effective, risk based business decision making, & performing review of key processes to ensure that the activities meet requirements of company policies, international standards & the obligations of regulations & laws of the United States & of those countries in which we operate.

What a Compliance Director does at Visa:

As a global payments network, Visa maintains a Compliance Program designed to manage legal, regulatory & ethical risks across our business.This position is responsible for the oversight, support & monitoring of the ongoing application of the Compliance Program across India, Sri Lanka & South Asia offices, Visa's Mumbai & Bangalore based business & technology teams as well as Singapore's regional Asia Pacific hub functions.

These activities include the following areas of risk

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 highest standards of business ethics, as set out in Visa's Code of Business Conduct & Ethics. Particular areas of focus include:addition, this role also carries responsibility for ensuring the

  • Business Conduct & Ethics
  • Conflicts of Interest, and
  • Prevention of Insider Trading.

The core responsibilities for this role are as follows:

  • Responsible for all Compliance matters as a primary point of contact for business units, support functions & local regulators
  • Grow business partnerships & provide leadership on regulatory compliance matters by providing accurate & timely advice & counsel
  • Ensuring understanding of business strategy through ongoing dialogue to identify potential or emerging risks & proactively address them so as to avoid unnecessary risk or delays to strategic plans
  • Ensure that the business has effective decision-making, risk assessment, processes, controls & procedures, meet obligations of international & local regulatory laws & requirements
  • Provide support to the Principal Reporting Officer (PRO) to Reserve Bank of India's Financial Intelligence Unit (FIU) for managing the process & providing required reporting to regulatory authorities throughout, as required
  • Execution of due diligence responsibility requirements of the Anti-Bribery/Anti-Corruption Program, Anti-Money Laundering/Anti-Terrorist Financing & Sanctions Programs, including third party due diligence
  • Support of Visa's Financial Intelligence Analytics activities through additional & enhanced due diligence applied Anti-Money Laundering/Anti-Terrorist Financing & Sanctions cases, including direct communications & requests for information from clients & partners
  • Review, assessment & pre-approval of gifts, travel & entertainment, as well as assessment of the proper designation of State-Owned Entities & Covered Government Officials
  • Review significant business activities & transactions, assessment of risk & development & execution of risk mitigation action at regional, country, program & product level
  • Responsible to 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
  • Responsible for second line of defense monitoring, where required
  • Responsible for business education on policy requirements, including delivery of localized training, tailored to the specific countries & business & support function needs
  • Responsible for comprehensive reporting including local dashboard & metrics reporting
  • Continually identify opportunities for efficiencies while ensuring sufficient controls are in place; partner with the business to drive process & control improvements
  • Work closely with Legal & Government Relations to maintain an understanding of the legal & regulatory landscape including the support & maintenance of the legal & regulatory obligations inventory as it applies to Visa
  • Handle queries & questions on the Compliance Program from the business, support functions, other control groups, regulators, clients & partners

Why this is important to Visa

  • This role is critical in sustaining Visa's ethical culture & global Compliance Program.Visa operates the world's largest retail electronic payments network & it is one of the most recognized global financial services brands. 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


What you will need: What you will need:

  • Bachelor's degree or other higher education qualifications required
  • 10 to 12 years of experience in management of compliance programs & controls within the financial services industry required
  • Professional AML/ATF (ACAMS) accreditation required
  • Sound knowledge on AML/ATF typologies required
  • Good understanding of core pillars of effective AML/ATF & Sanctions programs & appropriate legislation required
  • English language skills required
  • Good knowledge of payments industry products, emerging products, regulations & related trends required
  • Corporate experience with a proven track record of managing multiple projects in a complex matrix business & operational environments required
  • Excellent analytical & data analysis skills including use of MS Office systems including Word, Access, Visio, Excel (advanced), Power Point, SharePoint & other applications required
  • Intuitive, highly ethical & comfortable to question & challenge
  • 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; proactive planner able to engage peers & seniors constructively
  • Flexible to work in an environment where needs are continually changing
  • Ability to multi-task & able to work with minimal supervision
  • Excellent presentation & public communication skills
  • Some travel & extended business hours (conference calls) may be required.

What will also help:

  • ICA Diploma in Governance, Risk & Compliance or similar qualification is preferred
  • Multiple Asian language skills is preferred; Hindi proficiency preferred.
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