Sr. Director, Global AML/ATF & Sanctions Compliance - Governance - job 32 of 37

The Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa is responsible for leading the governance and program management functions of the AML and Sanctions compliance program. This includes developing and maintaining compliance policies, overseeing governance structures, conducting comprehensive risk assessments, reviewing new products for compliance risks, coordinating regulatory examinations, managing board reporting, and enhancing training programs. The individual plays a critical role in ensuring that the organization adheres to regulatory requirements and industry best practices in financial crimes compliance.

Candidates for the Sr. Director, Global AML/ATF & Sanctions Compliance - Governance position at Visa should possess significant experience in financial crimes compliance, including knowledge of AML/ATF regulations. A strategic thinker with strong communication skills and a proven track record in developing compliance frameworks is essential. Furthermore, an advanced degree in finance, law, or a related field is usually preferred, accompanied by relevant certifications in compliance or risk management to navigate the complexities of this role effectively.

Visa ensures compliance with AML and Sanctions regulations through comprehensive policies and structured governance frameworks led by the Sr. Director of Global AML/ATF & Sanctions Compliance - Governance. By conducting rigorous risk assessments, regular audits, and maintaining an effective training program, Visa continuously monitors and enhances its compliance efforts. The position also involves coordinating with stakeholders, preparing thorough reports for board meetings, and adapting to changes in regulations, ensuring the company remains compliant and proactive against potential financial crime risks.

The work environment for the Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa is a hybrid model allowing flexibility in working both remotely and in the office. Employees in hybrid roles work set days from the office which encourages collaboration and team engagement, and also offers the convenience of remote work to optimize productivity. This dynamic setting fosters a culture of innovation and support, aligning with Visa's commitment to enabling inclusive and progressive workplaces.

Success as a Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa hinges on several skills including strategic thinking, effective communication, and expert knowledge of financial crimes compliance. Strong analytical abilities to conduct risk assessments and develop compliance programs are critical. Leadership skills for managing teams and initiatives are necessary, alongside the capability to adapt to regulatory changes swiftly. A deep understanding of governance frameworks and collaboration skills also contribute significantly to the effectiveness of this role.

When answering this question, emphasize the importance of aligning policies with regulatory requirements and industry best practices. Start by discussing your process for researching regulations and gathering input from key stakeholders. Illustrate how you ensure that the policies not only protect the organization but also provide clear guidelines for your team.

Share a specific example that highlights your methodology for risk assessment. Discuss how you identified potential risks, what criteria you used for assessment, and the outcome. Include any tools or frameworks you utilized, and detail how this process improved compliance within your organization.

Explain your approach to developing engaging training materials that resonate with employees. Discuss how you assess training needs, track effectiveness, and adapt content based on feedback. Highlight any successful training initiatives you’ve implemented and their direct impact on compliance culture.

Discuss your experience in preparing for audits and examinations by gathering necessary documents, coordinating with teams to ensure comprehensive compliance, and anticipating potential questions from regulators. Reflect on how you turned feedback from past experiences into action plans for future improvements.

Provide insights into how you've established governance frameworks in previous roles, ensuring clarity in responsibilities and processes. Discuss the importance of management reporting and escalation processes and share examples of how you've improved governance through strategic initiatives.

Explain the methodology you use to conduct compliance risk assessments for new products. Discuss your collaborative approach with product development teams and how you ensure that compliance considerations are integrated from the start of the product lifecycle.

Discuss the KPIs and KRIs that are most relevant to AML and Sanctions compliance, such as transaction monitoring thresholds, training completion rates, and compliance incident tracking. Emphasize how these metrics help gauge the performance of the compliance program and support continuous improvement.

Describe your strategies for fostering collaboration among teams, such as regular meetings, joint training initiatives, and clear communication channels. Highlight the importance of a unified compliance culture and share how you’ve successfully navigated cross-functional challenges in the past.

Talk about the resources you use to keep current on relevant laws and guidelines, such as industry publications, webinars, and networking with peers. Explain how you transform this knowledge into actionable updates for your team and the organization as a whole.

Provide your perspective on current industry challenges such as evolving technology, increasing regulatory scrutiny, and the need for comprehensive data analytics. Explain how you would address these challenges in your role as Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa.