Job details

Sr. Director, Global Sanctions Compliance - job 18 of 21

Get a free resume review

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

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

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

At Visa, we are on the lookout for a Sr. Director, Global Sanctions Compliance to join our dynamic team in Miami. This role is perfect for a seasoned compliance professional eager to take on the challenge of managing Visa’s economic sanctions, trade embargo, and export control compliance program. Reporting to the Global BSA/AML and Sanctions Officer, you will be at the forefront of ensuring that our operations adhere to all relevant laws and regulations. You will oversee a dedicated team of compliance experts, guiding them to assess sanctions compliance risks and implement robust controls to effectively mitigate those risks. Your expertise will be essential as you partner with various internal stakeholders, including colleagues in Legal and Risk, to provide insightful guidance on day-to-day operations and exciting new business initiatives. The role will require you to act swiftly and exercise sound judgment when needed, particularly during sensitive regulatory discussions with bodies like OFAC. Your responsibilities will also include developing and enhancing our sanctions program, creating comprehensive training for staff, and spearheading the design of innovative screening tools with our technology teams. As a leader, you’ll have the opportunity to mentor compliance analysts and ensure that our programs remain efficient and effective. If you have a passion for compliance and a knack for navigating complex regulatory landscapes, this could be the perfect opportunity for you to shine with Visa!

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 is responsible for managing the economic sanctions, trade embargo, and export control compliance program. This includes overseeing the sanctions compliance team, conducting risk assessments, developing compliance training, and designing screening tools to ensure adherence to applicable regulations.