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Visa // credit cards
, Full Time       Posted: Friday, February 21, 2020
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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

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

This position is responsible for supporting & providing cross regional analysis, program development & reporting to ensure the effective execution of the Compliance Program in the Central Europe, Middle East & Africa (CEMEA) region.

The position supports the Regional Compliance Leader & Regional Compliance Officers by performing risk assessment, completing process & control testing, constructing & analyzing key metrics & compiling reports that contributes to the Compliance Program governance & oversight process. The position is key to ensuring effective risk management, decision-making & review of key processes to meet international standards & the requirements of regulations & laws of the United States as well as countries of the region. 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

  • Business Conduct & Ethics;

  • Conflicts of Interest; and

  • Prevention of Insider Trading.

Leadership & Responsibilities

Core Responsibilities:

  • Provide overall Compliance Program operational support to the Regional Compliance Officers & Regional Compliance Leader across the CEMEA region in the areas of AML, ATF, Sanctions & Anti-Bribery

  • Complete transaction data analysis of unusual activity cases raised by the Financial Intelligence Analytics Center & co-ordinate assessment, investigations & conclusions in collaboration with the Regional AML/ATF SME & Regional Compliance Officers

  • Review case status updates & ensure actions are maintained on the system of record

  • Develop & maintain the Compliance legal & regulatory obligations library in collaboration with other stakeholders, reflecting & identifying obligations of both Visa Clients in relation to high risk regulated products operating on the Visa network, as well as obligations of Visa as a network operator

  • Develop & maintain the Country Profiles, capturing Visa's business footprint, employee bases & legal entities, & various country & product risk assessments

  • Capture risk information including regulatory landscape changes from various internal & external sources to maintain country profiles & compile various regional & leadership governance reports

  • Capture Compliance Program risk & performance metrics from various systems & compile various regional & leadership governance reports

  • Capture data & compile a current status report on the Business Scorecard

  • Monitor & maintain the group e-mail account, ensuring responses to the Business are provided in a timely manner

  • Monitor completion status of corporate, regional & tailored training activity & provision of training to new hire employees

  • Design & develop tailored training materials in collaboration with Regional Compliance Officer identified needs

  • Perform selected quality assurance testing of Compliance Program controls & processes including intermediary status & spend documentation transactions & manage responses to the Compliance Risk Management Monitoring & testing team

  • Monitor the completion of Compliance Office Visits & client engagement program, track against the schedule & ensure maintenance of the register by the responsible Regional Compliance Officer

  • Analyze Country Office Visit feedback from employees & provide analysis & drive improvement of materials & content

  • Research allocated Compliance Program related activities & provide analysis, action plans & conclusion

  • Monitor issues captured in the Compliance Issue Management database & work with issue owners to ensure satisfactory conclusion

  • Assist in tracking & reporting of Compliance Program planning, budgeting, forecasting & expense management activities

Collaboration & Communication:

  • Communicate openly. Develop strong & effective internal business partnerships & drive regulatory compliance matters by providing accurate & timely support to the Regional Compliance Officer & Regional Compliance Leader

Enable & Inspire:

  • Ensure understanding of Visa business model, Business strategy, products, processes & controls through ongoing research & dialogue to identify potential or emerging risks & proactively raise them so as to avoid unnecessary exposure & delays to Business activity, & to ensure the Compliance Program remains effective

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

Act Decisively:

  • Raise identified issues & provide necessary information & analysis to enable determination of effective risk mitigation

  • Ensure responses to the Business & other Controls & Support Groups are timely, accurate & appropriate

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

Control Environment:

  • Continually identify opportunities for Compliance Program & operational process efficiencies while ensuring sufficient controls are in place; partner with the Business & other Support & Control functions to drive identified process & control improvements

  • Develop, issue & manage department operational desk instructions to provide consistency in Compliance Program execution across the region

  • Work with Regional Compliance Officers to implement controls related to the Visa Records Retention policies & procedures.

  • Review & analysis of pre-approval requirements for sponsorship events such as Olympics, FIFA & CEMEA Business Council.

Risk & Control Reporting:

  • Developed & analyze comprehensive reporting including local dashboard of Compliance Program activity, metrics & performance assessment

  • Bachelor's degree or other higher education qualifications required

  • Advanced data analytics skills including

  • Advanced Access & Excel skills

  • Excellent process analysis & process mapping skills including use of Visio

  • Excellent report writing, data interpretation & presentation skills

  • Experience in use of SharePoint, SharePoint Designer, InfoPath & building automated workflow management tools

  • Professional AML/ATF accreditation required

  • Sound knowledge of AML/ATF risks & typologies

  • Experience in risk & regulatory research

  • Experience in risk assessment, control assessment & residual risk assessment

  • ICA Diploma in Governance, Risk & Compliance or similar qualification will be an added advantage

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