Sr Director – Global Sanctions Compliance

Sr Director – Global Sanctions Compliance

Requirements

• 12 or more years of work experience with a Bachelor’s Degree or at least 10 years of work experience with an Advanced degree (e.g. Masters/MBA /JD/MD), or a minimum of 5 years of work experience with a PhD
• 12+ years of sanctions compliance experience, preferably with a financial institution, payments company, or other financial services company
• Minimum 8 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 6 years of demonstrated global sanctions compliance leadership and team management experience
• Deep experience designing and implementing sanctions compliance programs and procedures
• Experience with and knowledge of screening technology and systems with a preference for experience with Detica aka Norkom, ACI Worldwide, RDC, Actimize
• Experience managing system configurations and performance output of screening technologies.
• Ability to work independently without significant oversight or direction.

Responsibilities

• Thoroughly understand the applicable global laws and regulations 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 and its associated procedures to ensure compliance with applicable laws and regulations.
• Regularly conduct sanctions training for relevant personnel.
• Oversee sanctions screening processes, including providing expertise for remediating any sanctions issues or risks that arise.
• In partnership with Visa’s technology teams, design and execute screening tools / applications, including logic, thresholds, and application and test and modify them as appropriate.
• 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.

Preferred Qualifications

• 15 or more years of experience with a Bachelor’s Degree or 12 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, or MD), PhD with 9+ years of experience.