Director, Sanctions Screening Operations

Visa•Atlanta, CA

6d•Hybrid

About The Position

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.

Requirements

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

Nice To Haves

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

Responsibilities

Lead the sanctions operations and compliance process of merchant screening, alert reviews, 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.
Thoroughly understand the applicable global laws and regulations particular to merchants and their impact to Visa’s business.
Meet with regulators, OFAC staff and other officials regarding OFAC and other sanctions regulatory matters.
Develop, enhance, and implement the sanctions program on Merchant screening and its associated procedures to ensure compliance with applicable laws and regulations.
Regularly conduct sanctions training for relevant personnel
Oversee Merchant sanctions screening processes, including providing expertise for remediating any sanctions issues or risks that arise.
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.
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