Sr. Compliance Manager

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

As a global payments system, Visa maintains an Ethics and Compliance Program designed to proactively manage compliance, ethical, and regulatory risks across our business. This position will oversee complex regulatory matters and Substantive Compliance Areas (SCAs) established under formalized Policies and Procedures in the Andean Sub-Region of Latin America (Colombia, Ecuador, Peru, Venezuela).

The position supports the Sub-Regional Ethics and Compliance Leader and is key to ensuring effective risk management to meet international standards and the requirements of regulations and laws of the United States of America (USA) as well as countries within the Andean Sub-Region. In addition, as an Ethics & Compliance Sr. Manager, the successful candidate will be responsible to support the entity’s  Compliance Officer meet the local obligations required by the Colombian Financial Superintendence related to SARLAFT and by the Superintendence of Companies related to SAGRILAFT.

The role will oversee the following SCAs:

• Anti-Money Laundering / Anti-Terrorist Financing (“AML/ATF”) (OFAC Sanctions)

• Anti-Bribery and Anti-Corruption (FCPA, UK Bribery Act)

• Antitrust and Competition Law

• Code of Business Conduct and Ethics

• Conflicts of Interests

• Data Privacy and Protection

• Harassment and Discrimination

• Information Security

Some travel (throughout the LAC Region and to the USA) may be necessary.

General Responsibilities

• Primary focus is to ensure the business has effective decision-making, processes, and risk management to meet international and local regulatory laws and requirements.

• Support the AML/ATF and sanctions program for Andean Clients, consistent with Visa's Global AML/ATF & Sanctions Policy / Procedures and local regulation while ensuring that accurate records are maintained.

• Support the reporting responsibility including but not limited to local dashboard and metric reporting, business education on Policy requirements, including delivery of localized training tailored to the specific market and job functions.

• Oversee and monitor scheduling and completion corporate wide, regional tailored functional group training activity, and provision of training to new hire and existing employees.

• Design and develop tailored training materials in collaboration with Regional Ethics and Compliance Leader for identified needs.

• Execute Ethics and Compliance Office Visits and Client Engagement Program while maintaining accurate records for these engagements.

• Lead and / or provide support to a lead investigator during internal investigations.

• Research allocated Ethics and Compliance Program related tasks and projects, providing analysis, action plans and conclusion.

• Develop strong and effective internal business partnerships and drive regulatory compliance matters.

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

• Work with other Control Groups including Legal and Government Engagement 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.

• Review and approve Gifts, Travel, and Entertainment (GTE) Requests, Regional Sponsorships, and Charitable Contributions.

Colombia Specific Responsibilities

• Serving as the Alternate AML Compliance Officer appointed before the Colombian Financial Superintendence for Visa Colombia Support Services (VCSS) and before the Superintendence of Companies for Visa Colombia S.A. (VCSA)

• Develop and implement a comprehensive compliance program and a robust AML/ATF Program (PTEE, SARLAFT and SAGRILAFT) to ensure compliance with all regulatory requirements established by the Financial Superintendence and the Superintendence of Companies.

• Perform risk assessments and develop risk management strategies to identify, evaluate and mitigate potential risks associated with the operations of VCSS and VCSA including operational risks, operational continuity, information security and cybersecurity, service outsourcing, regulatory, financial, credit and liquidity, among others.

• Prepare the reports and presentations that are required by VCCS’s Board and VCSA´s Board, as well as ensure compliance with all regulatory obligations.

• Collaborate with internal cross-functional teams to provide guidance and support in implementing compliance measures, audit, internal controls, and risk management frameworks.

• Prepare and submit regulatory reports to the local Financial Intelligence Unit (UIAF), requirements conducted by the Superintendencias, local authorities and other communications as necessary, ensuring accuracy and timeliness in meeting reporting requirements.

• Be the contact and liaison with regulators, especially the Superintendencias, as well as the service providers or other agents, both internal and external.

• Monitor and remain current with changes in regulations, laws and industry best practices related to VCSS or VCSA, and communicate these updates to relevant stakeholders within the Organization.

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Professional

• -6+ years of work experience with a Bachelor’s Degree or 4+ years of relevant experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or up to 3 years of relevant experience with a PhD
• Accredit knowledge regarding AML/ATF risks administration of 150 hours minimum thru courses, specialization, seminar or any other similar.
• 2+ years of experience in Risk management and regulatory research including risk assessment, control assessment and residual risk assessment.
• Experience in payments industry and competition law is preferred.
• Excellent report writing, data interpretation and presentation skills.
• Sound knowledge of AML/ATF risks and typologies.
• Sound knowledge of Anti-Corruption / Anti-Bribery standards (FCPA, UK Bribery Act).
• Good knowledge of the financial services industry products, emerging products, regulations, and related trends.
• Strong analytical skills.
• Strong listening, communication, and presentation skills.
• High attention to detail and commitment to quality.
• Self-motivated and able to use own initiative with limited direction, adept at working independently and in a dispersed team environment covering multiple and varied tasks.
• Ability to inspire and influence others without direct management responsibility.
• Capable of working collaboratively with employees from all levels within the organization
• Flexible to work in an environment where needs and priorities are continually changing.


Language Fluency
English & Spanish required.

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.