CFA Compliance Manager

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 Ethics & Compliance (E&C) team is responsible for the delivery of this program.

The CFA Compliance Manager role is a role within the Europe E&C team responsible for managing, refining and implementing the delivery of compliance for several core E&C programs in Europe, to include Criminal Finance Act (CFA) and Interchange Fee Regulation (IFR). This role will primarily be responsible for managing and evolving the Financial Crimes compliance programs relating to Associated Persons on a global basis across all Visa entities advising on matters relating to CFA and the Failure to Prevent Fraud Offence (FTPF). This includes the review and remediation of CFA and FTPF risks, investigating compliance incidents, recommending and overseeing implementation of solutions and engaging with regulators as required. The successful candidate will be a motivated, driven individual, responsible for delivering current compliance programs and developing strategies to address evolving compliance risks and new developments in a fast-paced, complex regulatory environment.

Core responsibilities:

• Responsible for the management and evolution of the CFA compliance program in keeping with the Visa Compliance Risk Management Framework, maintaining and creating policies and procedures as required
• Responsible for partnering with other Ethics & Compliance stakeholders, Risk and Legal to develop an Associated Persons Financial Crime framework to create synergies across the various Financial Crimes regulatory requirements as it relates to Associated Persons.
• Responsible for the integration and evolution of a FTPF compliance program into the Associated Persons framework.
• Responsible for advising on matters relating to CFA including the identification and review of CFA risks in conjunction with Legal and Corporate Tax and making recommendations to senior management on how to mitigate.
• Responsible for promoting and embedding a culture of compliance with the First Line of Defence.
• Lead compilation of responses to regulatory requests for information or risk reviews with HMRC regarding CFA and FTPF.
• Responsible for the development and maintenance of the CFA Risk Assessment and Risk Control Self-Assessment (RCSA) and any evolution to an Associated Persons orientated risk assessment and RCSA.
• Support any regulatory engagement relating to the CFA and FTPF (e.g. HMRC annual risk assessment).
• Responsible for investigating potential compliance incidents arising from CFA program non-compliance.
• Responsible for supporting relevant regulatory compliance investigations in conjunction with the Business Conduct Office and HR as required.
• Management and day to day delivery of management information reports for senior executives and committees.
• Work with the Audit and Risk teams on and second/third line testing and any remediation activities required.
• Lead the development and delivery of CFA, FTPF specific compliance training and communication plans.
• Day to day management of the CFA mailbox.
• Responsible for developing effective relationships between the Ethics and Compliance team and other parts of Visa.
• Support the CFA, FTPF and IFR team with any other activities as requested to support business or regulatory objectives including regulatory projects.

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

Qualifications

• Possess knowledge of various relevant European laws/regulations including the Interchange Fee Regulation, the Criminal Finance Act and the Bribery Act. Additionally, demonstrates the ability to quickly understand complex new areas and developments, such as the Economic Crime and Corporate Transparency Act
• Extensive experience of working in compliance or risk in the financial services industry, either in banking or payments, or in the legal and consulting industries which support these sectors
• Have experience of driving change and enhancements in programs as well as developing new programs
• Proven senior stakeholder management expertise including leading meetings with senior members of the organisation
• Can identify and solve problems, adapt quickly and has a proven track record of managing and delivering in a complex, fast paced matrix business which is results orientated
• Ability to take complex regulatory information and present it in an easily digestible manner due to excellent written, presentation and communication skills
• Excellent analytical and data analysis skills including use of MS Office systems including Word, Visio, Excel (advanced), Power Point, SharePoint and other applications as well as an interest developing the use of AI