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Sr. Director, Global Sanctions Compliance - job 4 of 21

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We are seeking a seasoned compliance professional to manage Visa’s economic sanctions, trade embargo, and export control compliance program. This position will report to the Global BSA/AML and Sanctions Officer and will support the Ethics and Compliance Department and also work closely with business partners and other internal stakeholders. The Sr. Director, Global Sanctions Compliance will oversee, execute, and manage the sanctions and export control compliance program across Visa. This leader will be responsible for managing a team of compliance professionals to assess sanctions compliance risk and design and implement appropriate controls to mitigate that risk.

The candidate will manage the sanctions compliance team and will partner with key stakeholders including colleagues in Legal, Government Engagement, Risk Visa account executives to provide guidance to the business on both day-to-day operations as well as new business initiatives. This leader will act with urgency when conditions warrant and exercise outstanding judgement in order to take swift, decisive action when situations warrant.

Responsibilities:

As the sanctions and export control subject matter expert, you will thoroughly understand the applicable global laws and regulations and their impact to Visa’s business. You may be called on to meet with regulators, OFAC staff and other officials regarding OFAC and other sanctions regulatory matters. You will develop, enhance, and implement the sanctions program and its associated procedures to ensure compliance with applicable laws and regulations. You will regularly conduct sanctions training for relevant personnel and you will oversee sanctions screening processes, including providing expertise for remediating any sanctions issues or risks that arise. In partnership with Visa’s technology teams, you will design and execute screening tools / applications, including logic, thresholds, and application and will test and modify them as appropriate.

Additionally, you will:

Identify sanctions and export control issues, escalate and remediate appropriately
Manage client responses and other communications involving sanctions compliance
Conduct sanctions compliance risk assessments and recommend changes to the sanctions and export control program policies and procedures, as needed
Train and mentor analysts responsible for daily screening, monitoring and investigation
Facilitate internal audit requests and ensure satisfactory resolution of any audit findings and recommendations
Manage and lead a team of compliance professionals and contractors supporting sanctions compliance program
Coordinate sanctions processes with AML team to ensure efficiencies and effectiveness for both programs
Partner with legal colleagues to respond to subpoenas and other regulatory requests related to sanctions
Apply for and manage OFAC and BIS licenses. Prepare and file all necessary regulatory reports including OFAC blocked property reports, in consultation with Visa legal advisors as needed
Develop metrics and reports for executive leadership

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.

What You Should Know About Sr. Director, Global Sanctions Compliance, Visa

If you’re eager to step into a pivotal compliance role, Visa is looking for a Sr. Director of Global Sanctions Compliance in sunny Miami! In this exciting position, you’ll manage Visa’s comprehensive sanctions, trade embargo, and export control compliance program, reporting directly to the Global BSA/AML and Sanctions Officer. Working closely with business partners, internal stakeholders, and your own dedicated team, you’ll play a key role in assessing risk and designing effective controls to mitigate that risk. Your expertise will not only guide the company’s day-to-day operations, but also influence new business initiatives. As you delve deep into the global laws and regulations impacting Visa, you may find yourself in discussions with regulators and overseeing sanctions training to ensure everyone is on the same page. Your strategic mindset will shine as you partner with Visa’s tech teams to enhance screening tools and tackle any emerging risks. In this hybrid work environment, you’ll enjoy the flexibility of working remotely while also collaborating in-person 2-3 days a week. If you have a passion for compliance, leadership experience, and a can-do attitude, this position at Visa could be the perfect fit for you!

Frequently Asked Questions (FAQs) for Sr. Director, Global Sanctions Compliance Role at Visa

What are the responsibilities of the Sr. Director, Global Sanctions Compliance at Visa?

The Sr. Director, Global Sanctions Compliance at Visa holds crucial responsibilities, including managing a team dedicated to sanctions compliance, designing policies to comply with global laws and regulations, and ensuring effective communication with regulatory bodies. This role involves directing sanctions training, conducting risk assessments, and coordinating processes across teams to enhance overall compliance efficiency.