Sr. Director, Global AML/ATF & Sanctions Compliance - Governance - job 8 of 37

The Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa is tasked with leading the governance functions for the company’s financial crimes compliance program. Key responsibilities include developing robust AML and Sanctions compliance policies, overseeing compliance structures, and managing risk assessments across various products. This role also involves coordinating audits and regulatory examinations while preparing insightful board reports. The director will work closely with teams to facilitate comprehensive training and ensure adherence to industry best practices in compliance.

Candidates for the Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa should have extensive experience in financial crimes compliance, particularly in AML and sanctions environments. A strategic mindset and strong communication skills are essential. Familiarity with regulatory requirements and a solid track record in developing compliance frameworks will set candidates apart. Additionally, experience with risk assessment and management, as well as successfully leading compliance programs, is crucial to excel in this role.

The Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa plays a pivotal role in developing and managing an effective compliance training program. This program is designed to enhance the compliance knowledge of Visa employees and ensure alignment with AML and Sanctions compliance obligations. The director will collaborate with the Global Training team and Visa University to create engaging training content that keeps the team informed about compliance standards and reinforces the company’s commitment to excellence in financial crimes prevention.

Visa fosters an inclusive and collaborative work culture, particularly for the Sr. Director, Global AML/ATF & Sanctions Compliance - Governance role. As this position is hybrid, employees have the opportunity to balance remote work with in-office collaboration. This flexibility allows for teamwork and networking while accommodating individual work styles. Visa values innovation and encourages its staff to engage in open communication, making it a dynamic environment for compliance professionals to thrive.

The Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa would be engaged in various impactful compliance-related projects. This includes leading the execution of enterprise AML and Sanctions risk assessments, evaluating new products for compliance risks, and coordinating regulatory examinations. Furthermore, the director will participate in initiatives aimed at enhancing the AML governance framework and implementing robust quality assurance processes, which will ultimately help in driving continual improvements within the compliance program.

When answering this question, detail specific regulations you’ve worked with, such as the Bank Secrecy Act or the USA PATRIOT Act. Highlight your understanding of how these regulations influence compliance strategies, risk assessments, and governance frameworks. Emphasize your ability to navigate regulatory requirements effectively.

Discuss your methodology for conducting risk assessments and ensuring regulatory compliance from the development stage. Mention collaboration with cross-functional teams, reviewing potential risks, and aligning policies with legal standards. Showcase your strategic thinking and emphasis on proactive compliance measures.

Share methods you use to simplify complex topics, such as using real-world examples, visual aids, or interactive training sessions. Emphasize the importance of tailoring your communication to various audiences while ensuring clarity and understanding of compliance obligations.

Describe your hands-on experience with risk assessment processes, including identification, evaluation, and mitigation strategies you've successfully executed. Provide examples of risk assessment tools you prefer and how they have influenced your organization’s compliance posture.

Explain your process for assessing training needs, developing course content, delivering the training, and evaluating its effectiveness. Mention any metrics you use to measure the impact of training on overall compliance knowledge and behavior within the organization.

Discuss the strategies you use to stay abreast of regulatory changes, such as attending industry seminars, subscribing to relevant publications, or networking with other compliance professionals. This shows your proactive approach to remaining informed and adapting compliance policies accordingly.

Provide specifics about your role in preparing for regulatory exams and audits, including gathering necessary documentation, liaising with auditors, and implementing their recommendations. Use examples to illustrate your success in ensuring compliance and improving audit outcomes.

Share concrete examples where you've analyzed compliance inefficiencies and executed plans for enhancements. Focus on how these improvements positively impacted compliance metrics or reduced potential risks, demonstrating your ability to lead change effectively.

Discuss your approach to building relationships with key stakeholders, such as management and departments impacted by compliance changes. Talk about the importance of aligning objectives, maintaining transparent communication, and addressing concerns timely to foster collaboration.

Address current issues faced by the industry, such as increasing regulatory scrutiny or evolving threats from financial crimes. Share insights into how you would approach overcoming these challenges and ensuring a compliant and robust program within an organization.