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Job Type
Full Time
Job Details
Job Description As a global payments network, Visa maintains a Compliance Program designed to proactively manage legal, regulatory and ethical risks across our business. The Regional Ethics and Compliance Officer (RECO) role is part of the Europe Ethics & Compliance Team and is responsible for the oversight, support and monitoring of the application of the Compliance Program across the Central Eastern Europe Cluster covering a sub-set of countries within the cluster. The position is a critical partner to the business and global and regional subject matter experts, providing pragmatic, professional solution-oriented support to ensure that Visa has effectively executes on its Compliance Program to ensure we meet international standards, the requirements of regulations and laws of Europe and the United States and of the countries in which we operate. These activities include the following areas: Anti-Money Laundering (AML) / Anti-Terrorist Financing (ATF) Office of Foreign Assets Controls and other Sanctions Anti-Bribery Interchange Fee Regulation and Criminal Finances Act The RECO also provides training in the following areas: Data Privacy Information Security Anti-Trust and Competitive Intelligence and Other specific compliance requirements of regulators who have regulatory authority over our operations in the European Region This position also holds responsibility for ensuring the highest standards of conduct, 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 Leadership & Responsibilities Core Responsibilities:
- Responsible for all Compliance Program matters as the primary point of contact for country managers across the FBL Cluster, the Regional Managing Director, the Head of Business Development, support functions and other control functions
- Collaboration with Visa’s Financial Intelligence Analytics Center and the Europe AML team on activities including additional and enhanced due diligence applied to AML/ATF & Sanctions cases, including direct communications and requests for information from clients and partners
- Review of significant business strategies, activities and transactions to ensure alignment with Compliance requirements
- Promote understanding of the Compliance Program and Code providing necessary training and drive effective inclusion of Compliance in business activities and strategies
- Supporting local regulatory requirements
- Collaboration & Communication:
- Communicate openly, and develop strong and effective internal business partnerships and drive regulatory compliance matters by providing accurate and timely advice and counsel
- Leading Compliance training for the FBL Cluster tailoring to specific country needs
- Ensure understanding of business strategy through ongoing dialogue to identify potential or emerging Compliance risks and proactively address them to avoid unnecessary exposure or delays to implementation of strategic plans
- Excel with Partners:
- Respond to queries and questions on the Compliance Program, Code of Business Conduct and Ethics and company Policies from the business, support functions, other control groups
- Provide support to regulators, Clients and partners on the Visa Compliance Program and requirements of Visa Rules
- Execution of due diligence requirements of the Anti-Bribery/Anti-Corruption Program, AML/ATF & Sanctions Programs, including third party due diligence, provision of AML/ATF workshops and education for Clients and on-site Client AML program assessments. The AML/ATF component is a significant portion of the position’s overall responsibilities.
- In conjunction with the Europe Anti-Bribery team, review, assessment and pre-approval of gifts, travel and entertainment, events
- Oversight of other Compliance Programs in the FBL Cluster including Business Conduct and Ethics, Conflicts of Interest, Criminal Finance Act and Interchange Fee Regulation in conjunction with Europe and Global teams
- Employee Education:
- Provide effective business education on policy requirements, including delivery of localized training, tailored to specific countries, business and support function needs
- Working on local dashboard of Compliance Program activity, metrics and performance assessment each quarter
- Provide updates to the business leaders and Regional Compliance Leader
About the Company
VISA
Foster City, CA, United States
At Visa, we are driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid. As our products and... Read more