AML and Sanctions Compliance Manager - Open Banking

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.

The Manager for Open Banking Compliance (Tink) will be responsible for developing and implementing a comprehensive compliance and financial crimes framework specifically tailored to open banking services and gambling and gaming use cases. This role will focus on ensuring regulatory compliance, managing financial crime risks, and maintaining the highest standards of security and customer protection. This position requires collaboration with both internal and external stakeholders to embed a culture of compliance across operations.

Key Responsibilities:

1. Compliance and Financial Crimes Framework Development

• Design and implement a robust compliance framework tailored to open banking and aligned with industry best practices, including accounting for risks associated with the gambling and gaming sectors.
• Develop policies and procedures to mitigate risks related to financial crimes, including fraud, money laundering, and other illicit activities.
• Continuously review and enhance the compliance framework to address new regulatory requirements, emerging risks, and operational changes to support open banking products and services, including potential gambling and gaming use, payments initiation and credit underwriting use cases as the business evolves.

1. Risk Assessment and Monitoring

• Conduct risk assessments and establish control mechanisms to identify, monitor, and mitigate risks within open banking services.
• Implement and oversee ongoing monitoring systems to detect and respond to potential financial crime activities.
• Manage regular reviews and audits of compliance controls, making necessary adjustments to enhance framework effectiveness.

1. Stakeholder Collaboration

• Collaborate closely with product, legal, risk, and other teams to integrate compliance considerations into business processes.
• Serve as the primary compliance contact for external stakeholders, including regulators, open banking partners, and third-party providers.
• Coordinate with compliance and risk management teams across the organization to ensure alignment on financial crime prevention strategies.

1. Training and Awareness

• Develop and deliver training programs to increase compliance awareness among teams involved in open banking.
• Promote a culture of compliance within the organization by fostering open communication and continuous learning.

1. Framework Enhancement and Continuous Improvement          

• Monitor industry trends, regulatory changes, and emerging risks within open banking, gambling, and gaming sectors.
• Lead initiatives to enhance the compliance and financial crimes framework based on evolving requirements and best practices.
• Identify opportunities for process improvement and recommend solutions to optimize compliance efficiency.

Basic Qualifications

• 7 or more years of relevant work experience with a Bachelors Degree or at least 2 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 0 years of work experience with a PhD
• Prefer at least 7-10 years of executing AML/ATF, Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC programs
• MUST have experience in gaming/gambling compliance
• Strong understanding of sanctions programs and protocols
• Experience managing a team
• Minimum of Bachelor’s degree or work equivalent
• Excellent written, oral, presentation and interpersonal skills
• Superior record keeping and organizational skills as well as attention to details are also required

Preferred Qualifications

• 10-15 years of work experience and a Bachelor’s Degree or
• Significant experience in commercial transactions and correspondent banking preferred
• Understanding of MSB requirementsAbility to manage remote/shift workers
• Hard worker that is self-motivated and adept at working independently or in a team on multiple and varied tasks
• Ability to perform under pressure and capable of working collaboratively with employees throughout the company
• Professional AML/ATF accreditation preferred – CAMS, AML/CA, etc.
• Understanding of compliance obligations in connection with credit underwriting a plus

Competencies:

              •            Strong analytical skills with a solution-oriented mindset.

              •            High level of integrity and ethical standards.

              •            Ability to thrive in a dynamic, fast-paced environment.

              •            Strong organizational skills with attention to detail.

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 105,900.00 to 145,800.00 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.