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Sr. Director, Global Sanctions Compliance - job 3 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

Join Visa as the Sr. Director, Global Sanctions Compliance, based in sunny Miami! We are on the lookout for a seasoned compliance professional who is ready to tackle the challenge of managing Visa’s economic sanctions, trade embargo, and export control compliance program. In this role, you’ll be reporting directly to the Global BSA/AML and Sanctions Officer while supporting our Ethics and Compliance Department. You’ll work hand-in-hand with business partners and various internal stakeholders to ensure compliance standards are met. As a leader, you'll oversee a talented team of compliance professionals who are dedicated to assessing sanctions compliance risks and developing effective controls to alleviate those risks. Your expertise will come into play as you interact with regulators and officials regarding OFAC and sanctions matters. You’ll bring your sharp judgment to take swift action when necessary, while also enhancing Visa's sanctions compliance program in alignment with ever-evolving global laws. Plus, you'll find yourself conducting regular training, managing responses to sanctions-related communications, and collaborating with our technology teams to design innovative screening tools. This hybrid position allows you to enjoy the flexibility of working both remotely and in-office, ensuring a balanced work-life schedule while immersing yourself in the vibrant Miami business scene. If you’re ready to take on this dynamic and impactful role, we can’t wait to meet you!

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

What responsibilities does the Sr. Director, Global Sanctions Compliance at Visa have?

The Sr. Director, Global Sanctions Compliance at Visa is responsible for managing the sanctions and export control compliance program, overseeing a team to assess sanctions compliance risks, developing appropriate controls, and ensuring adherence to global laws and regulations. This includes reporting to regulatory bodies, conducting sanctions risk assessments, and implementing training programs for relevant personnel.