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Sr. Director, Global Sanctions Compliance - job 16 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

$150000 / YEARLY (est.)

min

max

$120000K

$180000K

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

Are you ready to take your compliance expertise to the next level? Visa is on the lookout for a savvy Sr. Director, Global Sanctions Compliance to join our dynamic Miami team. In this pivotal role, you will be at the forefront of managing our economic sanctions, trade embargo, and export control compliance program. Reporting directly to the Global BSA/AML and Sanctions Officer, you’ll be an integral part of our Ethics and Compliance Department, collaborating closely with various business partners and stakeholders across the organization. You’ll lead a talented group of compliance professionals, helping them assess sanctions compliance risks while designing effective controls to mitigate those risks. Imagine working alongside colleagues in Legal, Government Engagement, and Risk to guide Visa's operations and new business initiatives effectively! As the subject matter expert in sanctions and export control, you’ll need a solid grasp of the relevant global laws and regulations as they pertain to Visa's business. You’ll develop and enhance our sanctions program, conduct training sessions, oversee screening processes, and provide expert remediation for sanctions-related issues. Not only that, but you’ll also manage client communications regarding sanctions compliance and coordinate with our AML team for efficient operations. You’ll have the chance to meet with regulators and manage essential compliance metrics, all while mentoring your team to ensure success. This hybrid position allows for a flexible work schedule that fosters both productivity and collaboration. Join us at Visa, where your expertise can make a significant impact!

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

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

As the Sr. Director, Global Sanctions Compliance at Visa, your responsibilities will include managing the sanctions compliance program, overseeing a team of compliance professionals, and ensuring adherence to global regulations. You will conduct compliance risk assessments, manage communications regarding sanctions issues, and develop and enhance compliance procedures, all while collaborating with internal departments like Legal and Risk.