Sr. Director, Global AML/ATF & Sanctions Compliance - Governance - job 25 of 37

The Sr. Director, Global AML/ATF & Sanctions Compliance - Governance at Visa bears various essential responsibilities, including the development, implementation, and maintenance of global AML and Sanctions compliance policies that align with regulatory requirements. The role entails establishing governance structures, leading risk assessments, reviewing new products for compliance risks, coordinating regulatory examinations, and managing reporting to the board, ensuring that Visa maintains a high standard of financial crimes compliance.

An ideal candidate for the Sr. Director position at Visa should hold significant experience in financial crimes compliance, with strong communication skills. They must have a proven track record in designing and implementing AML and Sanctions compliance frameworks that adhere to industry best practices. Strategic thinking and leadership capabilities are crucial, alongside the ability to oversee complex governance structures and risk mitigation strategies.

In the position of Sr. Director, Global AML/ATF & Sanctions Compliance - Governance, enhancing the compliance training program is achieved through precise coordination with the Global Training team and Visa University. The Sr. Director is responsible for developing, refining, and managing a training curriculum that prepares team members to navigate compliance challenges effectively and stay updated on regulatory evolutions, thereby ensuring robust organizational compliance.

Governance structures play a significant role in the Sr. Director position at Visa by facilitating clear processes for compliance reporting and issue escalation. These structures help in establishing a compliance working group and enable effective management reporting, which ensures that significant compliance risks are communicated effectively across the organization and that appropriate actions are taken timely to mitigate those risks.

The Sr. Director position at Visa follows a hybrid work model, allowing for an optimal blend of remote and office work. Employees in this role are expected to spend three designated days a week at the office as determined by leadership or site requirements. This arrangement promotes flexibility while ensuring sufficient in-person collaboration to meet business needs effectively.

When answering this question, focus on specific experiences where you've led or contributed to the design and implementation of AML compliance programs. Discuss the frameworks you created and how they facilitated compliance with relevant regulations. Mention any specific challenges you faced and how you overcame them.

To effectively answer this question, discuss your methods for staying informed, such as attending industry conferences, participating in webinars, engaging with thought leaders on platforms like LinkedIn, or subscribing to industry publications. Highlight how this knowledge influences your effective compliance strategies.

Explain a systematic approach you would take for assessing compliance risks in new initiatives. Discuss conducting thorough risk assessments, involving stakeholders early, and suggesting ways to mitigate identified risks. Providing examples will reinforce your strategy's effectiveness.

Here, you can provide insights into how you have prepared for regulatory examinations and audits by ensuring that relevant documentation is organized, compliance controls are in place, and stakeholders are trained. Discuss any successful outcomes you've achieved from these experiences.

When responding, outline your method for crafting a training program, focusing on needs assessments, curriculum design, and the content that addresses specific compliance challenges. Emphasizing collaboration with learning and development teams can illustrate a well-rounded approach.

Clarify some of the key performance indicators (KPIs) and key risk indicators (KRIs) you would track to monitor compliance effectiveness. Discuss how you would analyze this data to identify trends and areas for improvement, thereby ensuring continuous enhancement of compliance strategies.

Stress the importance of leadership, transparency, and open communication in fostering a culture of compliance. Mention initiatives or programs you've implemented in the past that encouraged commitment to compliance at all levels of the organization, fostering a sense of shared responsibility.

Present a specific scenario detailing a compliance challenge, the steps you took to resolve it, and the outcome. This showcases your problem-solving abilities and your proactive approach to addressing compliance issues.

Discuss creating cross-departmental communication strategies, utilizing various mediums to disseminate policy information, and promoting ongoing dialogue regarding compliance expectations and updates. Effective communication practices are key to ensuring all relevant parties remain informed.

Here, you can discuss how leveraging technology, including transaction monitoring systems and data analytics, enhances AML compliance efforts. Highlight how technology can streamline processes, improve risk assessments, and facilitate better reporting capabilities.