19 Oct
Visa
London
Job description
Job Description And Responsibilities
In this role you will be primarily responsible for assisting the Regulatory Compliance Director with the ongoing implementation and monitoring of regulatory compliance controls associated with the regulatory compliance obligations of Visa Payments Limited.
Assisting the business and Regulatory Compliance Director in the continuous improvement of our First Line of Defence (FLOD) controls and Monitoring Framework to ensure ongoing compliance with regulatory requirements.
Monitoring that regulatory risks are being adequately managed.
Assisting the Regulatory Compliance Director in ensuring ongoing compliance with, but not limited to :
Payment Services Regulations
Anti-Money Laundering,
Counter Terrorist Financing and Sanctions
Anti-Bribery and Anti-Corruption
Data Protection
Criminal Finances Act
Code of Business Conduct and Ethics
Wire Transfer Regulation
Ongoing monitoring, and improvement of second line of defence (SLOD) controls in consultation with wider compliance team and first line of defence stakeholders.
Assisting with the implementation of upcoming regulatory obligations, along with assistance on ongoing internal projects.
Supporting the Regulatory Compliance Director with internal audits and regulatory requests, ensuring satisfactory resolution of any audit findings and recommendations.
Contributing to on-going reviews (as necessary) of the approach, framework and priorities of the regulatory compliance team.
Responsible for the continuous development of effective relationships between all relevant Visa Payments teams and their relevant counterparts within the wider Visa organisation.
Supporting the Regulatory Compliance Director as required on projects and any other ad hoc regulatory compliance projects.
Responsible for the regulatory function’s regulatory incident management framework to include, but not limited to, investigations, presentations and analysis.
Take ownership of the compliance function’s regulatory training obligations.
Supporting the Regulatory Compliance Director in the creation of new and improved monitoring processes, process maps and documenting new procedures.
Take ownership of horizon scanning, including but not limited to consideration of potential business impact, proposed regulatory changes, system & control assessments in line with upcoming changes.
Drafting regulatory filing reports for all of VPL’s regulators both domestic and internationally, obtaining all required data from each department,
along with analysis and questioning of data for final review by the Regulatory Compliance Director.
Formulation of management information and regular reporting, including but not limited to, local dashboard and metric reporting on compliance findings and progress with projects.
Responsible for promoting and embedding a culture of compliance, including delivery of any necessary training and communications.
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
What we’re after
Essential :
- A strong detailed understanding of core pillars of effective regulatory compliance programmes and relevant regulation and legislation.
- Recognised compliance qualification (ICA, ACAMS or similar) and / or educated to relevant degree level.
- Excellent operational knowledge and understanding of UK regulations and legislation including, but not limited to, the Payment Services Regulations, Wire Transfer Regulations, Criminal Finances Act and their application.
- A strong team player with a positive attitude, who has attention to detail, extremely organised and shows initiative.
- A clear communicator, with a high standard of written English.
- Team management experience ideally with both domestic and international direct reports.
Preferred :
- At least 5 years’ regulatory compliance experience within Financial Services or cross border payments institution.
- Able to take a flexible and agile approach and respond to changing priorities.
- Adept at working independently and multi-tasking.
Additional Information
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.
▶️ Regulatory Compliance Senior Manager (12 month FTC)
🖊️ Visa
📍 London