Complaince Director
Job Description
As a global payments network, Visa maintains a Compliance Program designed to proactively manage legal, regulatory and ethical risks across our business.
This position is responsible for the oversight, support and monitoring of the application of the Compliance Program across the MENA sub-region, as well as providing support to the CEMEA regional hub. The position is a critical partner to the business, providing pragmatic, solution oriented counsel to ensure that Visa has effective risk management, decision-making and review of key processes to ensure we meet international standards, the requirements of regulations and laws of the United States and of the countries in which we operate. These activities include the following areas of risk:
Anti-Bribery and Anti-Corruption;
Office of Foreign Assets Controls
and other Sanctions;
Anti-Money Laundering (AML) /
Anti-Terrorist Financing (ATF);
Data Privacy;
Information Security;
Anti-Trust and Competitive
Intelligence; and
Other specific compliance
requirements of regulators who have regulatory authority over our operations in
the MENA region.
In addition, this position also holds responsibility for ensuring the highest standards of conduct, as set out in Visa’s Code of Business Conduct and Ethics. Particular areas of focus include:
Business Conduct and 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 and other control functions
Primary point of contact for AML/ATF matters with regulators, in collaboration with Legal and Government Relations functions
Collaboration with Visa’s Financial Intelligence Analytics Center on activities including additional and
enhanced due diligence applied to AML/ATF & Sanctions cases, including direct communications and requests for information from clients and partners
Ensuring that the business has effective decision-making, risk assessment, processes, controls and procedures to meet obligations of internal policy and international and local regulations,
laws and requirements
Review of significant business strategies, activities and transactions, assessment of risk and development and execution of risk mitigation action at regional, country, program and product level
Accountable for managing the process to provide required reporting to regulatory authorities in the MENA sub-region, where relevant
P romote understanding of the Compliance Program and Code and drive effective inclusion of Compliance in business activities and strategies
Collaboration & Communication:
Communicate openly, and develop strong and effective internal business partnerships and drive regulatory compliance matters by providing accurate and timely advice and counsel
Enable and Inspire:
Ensure understanding of business strategy through ongoing dialogue to identify potential or emerging risks and proactively address them so as to avoid unnecessary exposure or delays to
implementation of strategic plans
Excel with Partners:
Respond to queries and questions on the Compliance Program, Code of Business Conduct and Ethics and company Policies from the business, support functions, other control groups
Provide support to regulators, Clients and partners on the Visa Compliance Program and 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 and education for Clients and on-site Client AML program assessments. The AML/ATF component is a significant portion of the position’s overall responsibilities.
Review, assessment and pre-approval of gifts, travel and entertainment, events and related contracts
and transparency agreements, as well as assessment of the proper designation of
State-Owned Entities and Covered Government Officials
Regional oversight of other Compliance Programs including Business Conduct and Ethics, Conflicts of Interest, Prevention of Insider Trading, Data Privacy and Information Security Programs
Risk Assessment:
Work with other control groups including Legal and Government Relations to maintain an understanding of the legal and regulatory landscape including the support and maintenance of the
legal and regulatory obligations inventory as it applies to Visa
Perform targeted testing of key processes and control design and effectiveness to ensure risk mitigation objectives are met most efficiently and with least impact on business operations
Control Environment:
Assist the business in developing and enhancing the first line of defense to ensure compliance with local regulatory requirements, ensuring that risks are being adequately managed and
that the business is in compliance with company policy
Continually identify opportunities for program and process efficiencies while ensuring sufficient controls are in place; partner with the business to drive identified process and control
improvements
Employee Education:
Provide effective business education on policy requirements, including delivery of localized training,
tailored to specific countries, business and support function needs Qualifications
Bachelor's degree or other higher education qualifications required
Professional AML/ATF accreditation required
Sound knowledge of AML/ATF risks and typologies
ICA Diploma in Governance, Risk & Compliance or similar qualification preferred
8 to 10 years of experience in management of compliance programs and controls
within the financial services industry
Arabic language skills required
Good knowledge of payments industry products, emerging products, regulations and
related trends
Good understanding of core pillars of effective AML/ATF and Sanctions programs and
appropriate legislation
Highly analytical and self-motivated, adept at working independently and in a
dispersed team environment covering multiple and 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 and operational environments
Intuitive, highly ethical and comfortable to question and challenge when required
Ability to multi-task and able to work with minimal supervision
Some travel and extended business hours (conference calls, video calls and web based
meetings) may be required
Excellent analytical and data analysis skills including use of MS Office systems
including Word, Access, Visio, Excel (advanced), Power Point, SharePoint and
other applications
Excellent and professional written, presentation and communication skills
Additional Information
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Apply to Job
As a global payments network, Visa maintains a Compliance Program designed to proactively manage legal, regulatory and ethical risks across our business.
This position is responsible for the oversight, support and monitoring of the application of the Compliance Program across the MENA sub-region, as well as providing support to the CEMEA regional hub. The position is a critical partner to the business, providing pragmatic, solution oriented counsel to ensure that Visa has effective risk management, decision-making and review of key processes to ensure we meet international standards, the requirements of regulations and laws of the United States and of the countries in which we operate. These activities include the following areas of risk:
Anti-Bribery and Anti-Corruption;
Office of Foreign Assets Controls
and other Sanctions;
Anti-Money Laundering (AML) /
Anti-Terrorist Financing (ATF);
Data Privacy;
Information Security;
Anti-Trust and Competitive
Intelligence; and
Other specific compliance
requirements of regulators who have regulatory authority over our operations in
the MENA region.
In addition, this position also holds responsibility for ensuring the highest standards of conduct, as set out in Visa’s Code of Business Conduct and Ethics. Particular areas of focus include:
Business Conduct and 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 and other control functions
Primary point of contact for AML/ATF matters with regulators, in collaboration with Legal and Government Relations functions
Collaboration with Visa’s Financial Intelligence Analytics Center on activities including additional and
enhanced due diligence applied to AML/ATF & Sanctions cases, including direct communications and requests for information from clients and partners
Ensuring that the business has effective decision-making, risk assessment, processes, controls and procedures to meet obligations of internal policy and international and local regulations,
laws and requirements
Review of significant business strategies, activities and transactions, assessment of risk and development and execution of risk mitigation action at regional, country, program and product level
Accountable for managing the process to provide required reporting to regulatory authorities in the MENA sub-region, where relevant
P romote understanding of the Compliance Program and Code and drive effective inclusion of Compliance in business activities and strategies
Collaboration & Communication:
Communicate openly, and develop strong and effective internal business partnerships and drive regulatory compliance matters by providing accurate and timely advice and counsel
Enable and Inspire:
Ensure understanding of business strategy through ongoing dialogue to identify potential or emerging risks and proactively address them so as to avoid unnecessary exposure or delays to
implementation of strategic plans
Excel with Partners:
Respond to queries and questions on the Compliance Program, Code of Business Conduct and Ethics and company Policies from the business, support functions, other control groups
Provide support to regulators, Clients and partners on the Visa Compliance Program and 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 and education for Clients and on-site Client AML program assessments. The AML/ATF component is a significant portion of the position’s overall responsibilities.
Review, assessment and pre-approval of gifts, travel and entertainment, events and related contracts
and transparency agreements, as well as assessment of the proper designation of
State-Owned Entities and Covered Government Officials
Regional oversight of other Compliance Programs including Business Conduct and Ethics, Conflicts of Interest, Prevention of Insider Trading, Data Privacy and Information Security Programs
Risk Assessment:
Work with other control groups including Legal and Government Relations to maintain an understanding of the legal and regulatory landscape including the support and maintenance of the
legal and regulatory obligations inventory as it applies to Visa
Perform targeted testing of key processes and control design and effectiveness to ensure risk mitigation objectives are met most efficiently and with least impact on business operations
Control Environment:
Assist the business in developing and enhancing the first line of defense to ensure compliance with local regulatory requirements, ensuring that risks are being adequately managed and
that the business is in compliance with company policy
Continually identify opportunities for program and process efficiencies while ensuring sufficient controls are in place; partner with the business to drive identified process and control
improvements
Employee Education:
Provide effective business education on policy requirements, including delivery of localized training,
tailored to specific countries, business and support function needs Qualifications
Bachelor's degree or other higher education qualifications required
Professional AML/ATF accreditation required
Sound knowledge of AML/ATF risks and typologies
ICA Diploma in Governance, Risk & Compliance or similar qualification preferred
8 to 10 years of experience in management of compliance programs and controls
within the financial services industry
Arabic language skills required
Good knowledge of payments industry products, emerging products, regulations and
related trends
Good understanding of core pillars of effective AML/ATF and Sanctions programs and
appropriate legislation
Highly analytical and self-motivated, adept at working independently and in a
dispersed team environment covering multiple and 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 and operational environments
Intuitive, highly ethical and comfortable to question and challenge when required
Ability to multi-task and able to work with minimal supervision
Some travel and extended business hours (conference calls, video calls and web based
meetings) may be required
Excellent analytical and data analysis skills including use of MS Office systems
including Word, Access, Visio, Excel (advanced), Power Point, SharePoint and
other applications
Excellent and professional written, presentation and communication skills
Additional Information
null
Apply to Job