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Sr. Director, Global Sanctions Compliance - job 1 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.

Average salary estimate

$175000 / YEARLY (est.)

min

max

$150000K

$200000K

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

Are you ready to take the lead in sanctions compliance at Visa? As the Sr. Director, Global Sanctions Compliance based in beautiful Miami, you will play a crucial role in shaping our economic sanctions, trade embargo, and export control compliance programs. This position will report directly to the Global BSA/AML and Sanctions Officer while collaborating with the Ethics and Compliance Department and diverse business partners. You’ll be managing a dynamic team of compliance professionals, guiding them in assessing sanctions compliance risks and applying effective controls to mitigate these risks. Your expertise will extend across legal, government engagement, and risk management, ensuring that day-to-day operations align with our business initiatives. You’ll handle interactions with regulators and OFAC staff, enhancing Visa’s sanctions program to adhere to global regulations. You’ll facilitate training, oversee sanctions screening, and engage with technology teams to optimize compliance tools. Furthermore, you will be pivotal in escalating issues, conducting risk assessments, and ensuring all regulatory reports are impeccably prepared. This hybrid role allows you to balance work between our office and home, making it perfect for those who thrive in a collaborative environment while maintaining flexibility. Embrace the challenge and join us in making global commerce compliant and safe!

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

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

The Sr. Director, Global Sanctions Compliance at Visa holds significant responsibilities, including overseeing the compliance program for economic sanctions and export controls. This role involves managing a skilled team to evaluate compliance risks and develop controls aimed at mitigating these risks. This director also collaborates closely with various internal teams, including Legal and Risk departments, to provide guidance on compliance matters and ensures that Visa’s operations align with all applicable global laws.