Director, Screening Ops

Company Description

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

Job Description

We are seeking a seasoned compliance professional to manage Visa’s sanctions screening operations. This position will report to the Head of Global Sanctions and will support the Ethics and Compliance Department and work closely with business partners and other internal stakeholders. The Director for Sanctions Screening Operations will oversee, execute, and manage the sanctions screening of third parties across Visa with significant concentration on program design and execution. This leader will be responsible for managing a team of compliance professionals who will be responsible for investigating, dispositioning and escalating alerts generated from screening.

The candidate will primarily manage the screening operations as part of Global Sanctions Compliance and will partner with key stakeholders including colleagues in Legal, Regional Business, Government Engagement, Risk,and Visa account executives to provide guidance to the business day-to-day operations. This leader will act with urgency when conditions warrant and exercise outstanding judgement to take swift, decisive action when situations warrant.  

Job Responsibilities

As the Director, Sanctions Screening Operations, you will lead the sanctions and compliance process of Merchant Screening, investigation and monitoring of merchants for risk management, compliance with relevant laws and regulations, including Visa’s sanctions related regulatory requirement and in coordination with Visa’s Anti-Money Laundering (AML) team. As a sanctions and compliance subject matter expert, you will thoroughly understand the applicable global laws and regulations particular to merchants 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 on Merchant screening 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 Merchant 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 to enable effective and efficient compliance risk management solutions.

Additionally, you will:

• Coordinate and oversee an effective Global Sanctions Compliance Program screening process  utilizing industry best practices, regulatory guidance, and requirements

• Design program elements including, but not limited to policies and procedures, working group charters, KPIs, monitoring protocols to effectively manage the screening operations.

• Advise stakeholders of Sanctions trends, emerging risks, new or amended laws, regulations, or regulatory guidance.

• Recommends and implement changes and controls to mitigate risks in support of Visa’s global business strategy

• Analyze data, prepare, and present regional and global reports related to sanctions compliance risk assessments, and monitoring of sanctions related issues and escalations with senior management and global partners

• Work collaboratively across the business, coordinate with AML Team and partner with legal colleagues to drive program effectiveness

• Facilitate internal audit requests and ensure satisfactory resolution of any audit findings and recommendations

• 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.

Qualifications

Basic Qualifications
• 10 or more years of work experience with a Bachelor’s Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD

Preferred Qualifications
• 12 or more years of work experience with a Bachelor’s Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6 years of work experience with a PhD
• 10 years of sanctions compliance experience, preferably with a financial institution, payments company, financial technology or another diversified financial services firm to be able to effectively advise on OFAC and Sanctions compliance
• Minimum 6 years of work experience in a global sanctions and export control compliance role with increasing levels of responsibility and deep experience in sanctions matters
• Minimum 5 years of demonstrated global sanctions compliance leadership and team management experience
• Deep experience designing and implementing sanctions compliance programs and procedures
• Deep expertise in running operations teams
• Experience with and knowledge of screening technology and systems
• Experience managing system configurations and performance output of screening technologies
• Strong work ethic, and an excellent use of discretion and judgment
• Ability to work independently without significant oversight or direction

Additional Information

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel 5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting.  The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

Visa is an EEO Employer.  Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.  Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 146,900.00 to 191,000.00 USD, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.