ABOUT THE COMPANY
Visa operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
We offer a range of branded payment product platforms, which our financial institution clients use to develop and offer credit, charge, deferred debit, prepaid and cash access programs to cardholders. Visa's card platforms provide consumers, businesses, merchants and government entities with a secure, convenient and reliable way to pay and be paid in 170 countries and territories.
RESPONSIBILITIES
The position reports to the Senior Business Leader in Compliance responsible for the Compliance Risk Assessment & Validation at Visa Inc. The candidate will assist in strengthening of Compliance Department Procedures, Compliance Risk Assessment & Validation Program in line with Legal and Regulatory requirements by collaborating with various Policy / Program Owners, Compliance and Risk teams and other business units within Visa Inc.
As a Business Leader, the incumbent has responsibility for:
- Develop & Execute Compliance Validation Programs
- Develop & Support the GRC solution to automate Compliance Risk Assessment, Validation & Mitigation processes
- Support Program Owners in development and review of new Compliance Policies
- Provide Compliance support in roll out of new Compliance Policies
- Provide Compliance support in transitioning Policies from Compliance to the appropriate business functions
- Develop and support process for the identification and integration of Compliance related requirements for special projects such as Joint Ventures, Mergers and Acquisitions
- Support management and board related reporting activities
- Provide ongoing support on cross functional initiatives such as oversight and review of Entity Level Controls
- Assist in the phases identified for Compliance Risk Assessment by working with the Program Owners and Compliance Liaisons
- Organize workshops and guide Business Functions as needed with the Compliance Risk Assessment and Validation Methodology
- Assist Program Owners with the identification and execution of Mitigation Plans and Issues Management
- Assist in tracking and reporting of Compliance Risk Assessments, Validation & Mitigation Activities, including timely completion, documentation, report generation etc.
- Develop and enhance Compliance performance indicators by using a bench marking and/or baseline approach
- Serve as a Compliance Liaison for the Compliance Risk Assessment, Validation & Mitigation with Program Owners while staying abreast of Company business strategies
- Create Management reports for Executive Leadership with an objective viewpoint on the observations and propose recommendations
- Possess outstanding written and oral communication skills
- Out of the box thinker, team player, promoter of new ideology
- Support Compliance team's strategic operating plan by being a self starter and Compliance evangelist
REQUIREMENTS
- Promote and build a strong sense of urgency for assigned deliverables and drive them to a successful completion
- Be proactive, responsive and demonstrate initiative, based on limited information while ensuring successful completion of urgent business needs
- Excellent written and verbal communication skills and the ability to synthesize information and make clear, concise recommendations on a course of action
- Ability to proactively anticipate business needs and react quickly and efficiently in a fast paced environment while producing quality and accurate results
- Ability to work independently and use good judgment while collaborating openly and cooperatively with team members, taking whatever steps are needed to ensure success
- Detailed, timely and accurate reporting of projects and ongoing deliverables, inclusive of reporting to executive management (CRC, ARC and BOD)
- Out of the box thinker, team player and promoter of new ideas
- Excellent knowledge of Legal and Regulatory requirements for Payment Card Industry and a Public Company
- Significant experience in evaluating the Policies / Programs associated with complex business and IT systems process
- Demonstrated experience executing risk assessments & validation efforts within a complex operational and regulatory environment
- 4-6 years of Compliance, Governance, Internal Audit or Audit experience, preferably with a large financial institution or Big 4 Accounting / Consulting experience preferred
- Bachelor's degree in Business, Accounting, Management of Information Systems or related field
- CIA, CISA, CISM or other relevant professional certification highly desired
