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Sr. Director, Global Sanctions Compliance - job 14 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

At Visa, we're on the lookout for a passionate and experienced Sr. Director, Global Sanctions Compliance based in Miami. This pivotal role involves leading our economic sanctions, trade embargo, and export control compliance program. You will be reporting directly to the Global BSA/AML and Sanctions Officer and collaborating closely with our Ethics and Compliance Department, as well as various business partners and stakeholders. As the Sr. Director, you will not only oversee an adept team of compliance professionals but also play a crucial role in assessing sanctions compliance risks and designing effective controls to mitigate those risks. Your expertise will shine through as you guide our organization on daily operations and new business initiatives. You'll be collaborating with our key stakeholders, including colleagues from Legal and Government Engagement, and taking decisive action when needed. Your responsibilities will include developing and implementing robust sanctions programs, providing ongoing training, and managing screening processes to address any arising sanctions issues. Furthermore, your role will encompass working alongside Visa’s technology teams to refine our compliance tools and conduct thorough risk assessments to enhance our policies and procedures. If you are ready to bring your compliance expertise to Visa and make a significant impact, this hybrid position offers the flexibility to work both remotely and in the office, ensuring you're part of a dynamic and supportive environment.

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

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

As the Sr. Director, Global Sanctions Compliance at Visa, you will oversee the comprehensive sanctions and export control compliance program. Key responsibilities include managing a team to assess sanctions compliance risks, conducting compliance risk assessments, designing and implementing effective controls, and providing guidance to stakeholders on both daily and new business initiatives. You will also lead sanctions training, oversee screening processes, and draft regulatory reports, making your role crucial for Visa’s compliance with global laws.