Senior Director, Ethics And Compliance

Company DescriptionVisa is a world leader in payments and technology with over 259 billion payments transactions flowing safely between consumers merchants financial institutions and government entities in 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 while driven by a common purpose - to uplift everyone everywhere by being the best way to pay and be paid Make an impact with a purpose-driven industry leader Join us today and experience Life at Visa Team SummaryVisa is looking for an Ethics and Compliance E C Officer to join our Asia Pacific Ethics and Compliance team As the E C Officer you ll be a critical partner to the business providing pragmatic solutions-oriented advice to ensure that Visa has effective risk based business decision making and performing review of key processes to ensure that the activities meet requirements of company policies international standards and the obligations of regulations and laws of the United States and of those countries in which we operate What an Ethics and Compliance Officer does at Visa As a global payments network Visa maintains relevant Ethics Compliance Program designed to manage legal regulatory and ethical risks across our businesses This position to be based in Mumbai is responsible for the oversight support and monitoring of the ongoing application of the Ethics Compliance Program across India and South Asia INSA based business teams This position will report to the Regional Ethics and Compliance Leader for Asia Pacific These activities include the following areas Anti-Money Laundering AML Anti-Terrorist Financing ATF and Customer Due Diligence CDD AML Regulatory Reporting for specific legal entities Anti-Bribery and Anti-Corruption Data Privacy Information Security Anti-Trust and Competitive Intelligence and Other specific compliance requirements of regulators who have regulatory authority over Visa operations In addition this role also carries responsibility for ensuring the highest standards of business ethics as set out in Visa s Code of Business Conduct and Ethics Particular areas of focus include Business Conduct and Ethics Conflicts of Interest and Prevention of Insider Trading The core responsibilities for this role are as follows Execution of due diligence responsibility requirements of the Anti-Bribery Anti-Corruption Program Anti-Money Laundering Anti-Terrorist Financing Sanctions Programs including third party due diligence Support of Visa s Financial Intelligence Analytics activities through additional and enhanced due diligence applied Anti-Money Laundering Anti-Terrorist Financing and Customer Due Diligence cases including direct communications and requests for information from clients and partners Primary point of contact for AML ATF matters raised by regulators in collaboration with Regulatory Risk Legal and Government Engagement functions Act as Principal Reporting Officer PRO to Reserve Bank of India and Financial Intelligence Unit FIU for managing the process and providing required reporting to regulatory authorities throughout as required Review assessment and pre-approval of gifts travel and entertainment as well as assessment of the proper designation of State-Owned Entities and Covered Government Officials Review significant business activities and transactions assessment of risk and development and execution of risk mitigation action at regional country program and product level Responsible for all Compliance matters as the primary point of contact for business units support functions and local regulators where required Grow business partnerships and provide advice on regulatory compliance matters by providing accurate and timely advice and counsel Ensuring understanding of business strategy through ongoing dialogue to identify potential or emerging risks and proactively address them so as to avoid unnecessary risk or delays to strategic plans Ensure that the business has effective decision-making risk assessment processes controls and procedures meet obligations of international and local regulatory laws and requirements Provide required reporting to regulatory authorities Responsible to assist the business in developing and enhancing the first line of defense to ensure compliance with local regulatory requirements ensuring that risks are being adequately managed and that the business is in compliance with company policy Responsible for second line of defense monitoring where required Responsible for business education on policy requirements including delivery of localized training tailored to the specific countries and business and support function needs Responsible for comprehensive reporting including local dashboard and metrics reporting Continually identify opportunities for efficiencies while ensuring sufficient controls are in place partner with the business to drive process and control improvements Work closely with Legal and Government Engagement to maintain an understanding of the legal and regulatory landscape including the support and maintenance of the legal and regulatory obligations inventory as it applies to Visa Handle queries and questions on the Compliance Program from the business support functions other control groups regulators clients and partners 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 Bachelor s degree or other higher education qualifications 10 to 15 years of experience in management of compliance programs and controls within the financial services industry Professional AML ATF ACAMS accreditation Sound knowledge on AML ATF typologies Good understanding of core pillars of effective AML ATF and CDD programs and appropriate legislation Experience in regulatory Compliance including direct work with different regulatory authorities is required Good knowledge of payments industry products emerging products regulations and related trends Corporate experience with a proven track record of managing multiple projects in a complex matrix business and operational environments Excellent analytical and data analysis skills including use of MS Office systems including Word Access Visio Excel advanced Power Point SharePoint and other applications Intuitive highly ethical and comfortable to question and challenge Highly analytical and self-motivated adept at working independently and in a dispersed team environment covering multiple and varied tasks Capable of working collaboratively with employees from all levels within the organization proactive planner able to engage peers and seniors constructively Flexible to work in an environment where needs are continually changing Ability to multi-task and able to work with minimal supervision Excellent presentation and public communication skills English language skills required Some travel and extended business hours conference calls may be required Additional InformationVisa 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