Sr. Director, Global AML/ATF & Sanctions Compliance - Governance - job 6 of 37

The Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa is responsible for developing, implementing, and maintaining global AML and Sanctions compliance policies. This includes overseeing governance structures, leading AML and Sanctions risk assessments, and reviewing new products for compliance risks. Additionally, managing quarterly board reporting and coordinating regulatory examinations are key duties of this role.

To succeed as the Sr. Director of Global AML/ATF & Sanctions Compliance at Visa, candidates typically need extensive experience in financial crimes compliance, strong strategic thinking skills, and excellent communication abilities. A proven track record of designing and implementing compliance frameworks in accordance with industry best practices is also crucial to excel in this position.

The hybrid work model for the Sr. Director, Global AML/ATF & Sanctions Compliance - Governance role at Visa allows employees to split their time between remote and office work. Leadership determines specific office days, with an expectation that employees be in the office approximately 50% of the time based on business needs, fostering teamwork while maintaining flexibility.

Essential skills for the Sr. Director of AML/ATF & Sanctions Compliance position at Visa include strategic thinking, strong analytical capabilities, and effective communication skills. Additionally, one should be adept at leading teams, developing compliance programs, and navigating complex regulatory environments to ensure adherence to AML/ATF standards.

The Sr. Director of Global AML/ATF & Sanctions Compliance at Visa will develop, enhance, and manage the AML and Sanctions compliance training programs in collaboration with the Global Training team and Visa University. This ensures that all team members are well-informed about compliance policies and current practices.

When developing AML and Sanctions compliance policies, I take a risk-based approach, ensuring policies align with both regulatory requirements and industry best practices. I engage stakeholders across the organization to gather insights and foster collaboration, which is crucial for creating comprehensive and effective policies.

My experience with risk assessment in AML compliance encompasses conducting enterprise-wide assessments, identifying vulnerabilities, and implementing mitigation strategies. I focus on aligning assessments with various products and understanding emerging threats to ensure a robust compliance framework.

For effective governance in compliance, I prioritize establishing clear structures that promote accountability and efficient decision-making. Implementing regular reporting systems and maintaining open communication channels helps facilitate compliance oversight and ensures that necessary actions are taken swiftly.

In a previous role, I led a cross-functional team to conduct compliance reviews for new product initiatives. I established guidelines to assess compliance risks and worked with product managers to build compliance into the development process, ultimately ensuring that all offerings adhered to AML regulations.

To keep training programs relevant, I regularly review regulatory updates and industry trends. I seek feedback from employees to refine training materials and ensure our approach is aligned with current practices and compliance needs. Continuous learning is vital in maintaining an effective compliance culture.

When coordinating regulatory examinations, I focus on thorough preparation by compiling necessary documentation and engaging with key stakeholders. I establish a clear timeline for review processes and ensure regular communication to facilitate a smooth examination and address any potential compliance concerns proactively.

Measuring the effectiveness of compliance programs involves analyzing key performance indicators (KPIs) and key risk indicators (KRIs). Regular audits, employee feedback, and compliance testing help gauge success and areas for improvement, guiding continuous enhancement of our programs.

Communication is critical in compliance leadership, as it fosters transparency and alignment across the organization. I prioritize sharing compliance updates regularly and actively encourage team members to voice concerns or seek clarification, ensuring everyone is on the same page regarding compliance objectives.

Handling changes in regulatory requirements involves proactively monitoring industry updates and swiftly adjusting compliance policies. I collaborate with my team to analyze the impact of changes and communicate necessary updates across the organization to ensure everyone remains compliant and informed.

Promoting a culture of compliance involves leading by example and integrating compliance into everyday decision-making. I advocate for ongoing training, provide resources, and celebrate compliance successes to foster an environment where every employee values and understands their role in upholding compliance standards.