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Form of workCompany Description
Visa 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.
Job Description
What's It all about?
The compliance-risk control framework includes financial crime compliance and regulatory compliance. Financial crime focus is on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Sanctions & Anti-Bribery and Corruption (ABC), and on the associated Know Your Customer (KYC) and Know Your Customer's Business (KYC & KYB) & Counterparty Due Diligence (CDD) obligations, including primarily but not limited to:
What we expect of you, day to day.
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
2 or more years of work experience with a Bachelor's Degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)
Preferred Qualifications
3 or more years of work experience with a Bachelor's Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
Education
•Bachelor's degree in Law, Finance, Business Administration, Criminology, or equivalent in a related field with a focus on Anti-Money Laundering and Counter-Terrorism Financing. All qualifications will be considered.
•Certification from the International Compliance Association (ICA) or as a Certified Anti-Money Laundering Specialist (CAMS) is highly desirable.
Experience
•A minimum of 3 years of experience in compliance is required, with a specific focus on Customer Due Diligence (CDD) and Know Your Business (KYB) practices.
•Proven track record of conducting comprehensive due diligence on corporate entities, financial institutions, and NBFIs, with a focus on successful on-boarding and ongoing management.
•Proficiency in using compliance tools and systems, particularly in relation to payment processing.
•Experience in correspondent banking, wallets, and virtual currency sectors is highly desirable.
•Demonstrated knowledge and understanding of AML & CTF regulations and guidelines. This should include the ability to interpret these regulations, apply them effectively within a business context, and ensure compliance with these guidelines in daily operations.
•Proven ability in risk assessment and identifying mitigation strategies.
Spanish speaking/reading skills desired
Personal Attributes
•Exceptional communication skills, both written and oral.
•Outstanding attention to detail and organizational skills.
•Ability to absorb, interpret and implement complex regulations and processes.
•Team player with a courteous and flexible approach, capable of collaborating effectively within a diverse team.
•Strong problem-solving skills with the ability to think laterally, identify risks, and propose enhancements.
•Self-motivated and capable of working independently and efficiently to meet deadlines
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 83,300.00 to 106,300.00 USD per year, 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.
Visa 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.
Job Description
What's It all about?
The compliance-risk control framework includes financial crime compliance and regulatory compliance. Financial crime focus is on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Sanctions & Anti-Bribery and Corruption (ABC), and on the associated Know Your Customer (KYC) and Know Your Customer's Business (KYC & KYB) & Counterparty Due Diligence (CDD) obligations, including primarily but not limited to:
- On-boarding counterparty due diligence.
- Periodic & Trigger based counterparty due diligence.
- Transactional monitoring.
- Sanctions screening.
- Customer due diligence queries on Visa Payments.
- Suspicious activity identification, monitoring and reporting.
What we expect of you, day to day.
- Develop an understanding of Visa Payments business operations and payment processes.
- Conduct comprehensive due diligence during the onboarding process for Financial Institutions (FIs) and Non-Banking Financial Institutions (NBFIs), ensuring all necessary checks and verifications are completed in line with our compliance standards and regulatory requirements.
- Ensure documentation requirements are met, perform AML checks on new & existing clients, and review and sign off documentation in compliance with local AML regulations.
- Perform periodic and trigger-based reviews of counterparties to ensure ongoing compliance with our compliance standards and regulatory requirements.
- Assist in the development and implementation of new controls and procedures to enhance the efficiency and effectiveness of our due diligence process.
- Contribute to the training and development of other team members, sharing knowledge and best practices in due diligence and compliance.
- Identify and internally escalate actual or suspected sanctions matches, assisting and supporting other analysts within the team.
- Ensure internal SLAs and deadlines are met.
- Assist with the development of management information in alignment with regulatory and internal policy/risk expectations.
- Ensuring clients are within legal parameters and not undertaking ML or criminal activities. For example, using screening and monitoring systems to assess client legitimacy.
- Promoting and providing advice on best compliance practice within critical business areas.
- Exemplifying the company values and promoting them in all areas of the role, within and without the function.
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
2 or more years of work experience with a Bachelor's Degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)
Preferred Qualifications
3 or more years of work experience with a Bachelor's Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
Education
•Bachelor's degree in Law, Finance, Business Administration, Criminology, or equivalent in a related field with a focus on Anti-Money Laundering and Counter-Terrorism Financing. All qualifications will be considered.
•Certification from the International Compliance Association (ICA) or as a Certified Anti-Money Laundering Specialist (CAMS) is highly desirable.
Experience
•A minimum of 3 years of experience in compliance is required, with a specific focus on Customer Due Diligence (CDD) and Know Your Business (KYB) practices.
•Proven track record of conducting comprehensive due diligence on corporate entities, financial institutions, and NBFIs, with a focus on successful on-boarding and ongoing management.
•Proficiency in using compliance tools and systems, particularly in relation to payment processing.
•Experience in correspondent banking, wallets, and virtual currency sectors is highly desirable.
•Demonstrated knowledge and understanding of AML & CTF regulations and guidelines. This should include the ability to interpret these regulations, apply them effectively within a business context, and ensure compliance with these guidelines in daily operations.
•Proven ability in risk assessment and identifying mitigation strategies.
Spanish speaking/reading skills desired
Personal Attributes
•Exceptional communication skills, both written and oral.
•Outstanding attention to detail and organizational skills.
•Ability to absorb, interpret and implement complex regulations and processes.
•Team player with a courteous and flexible approach, capable of collaborating effectively within a diverse team.
•Strong problem-solving skills with the ability to think laterally, identify risks, and propose enhancements.
•Self-motivated and capable of working independently and efficiently to meet deadlines
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 83,300.00 to 106,300.00 USD per year, 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.
