Ethics and Compliance Director

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across 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.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

Team Summary

The Visa Asia Pacific Ethics and Compliance team manages Visa's Ethics and Compliance program in the Asia Pacific region. Our team provides robust, globally consistent programs and controls framework to manage ethical, legal, compliance and regulatory risk and protect Visa’s brand around the world.We drive an ethical culture through empowerment and accountability to do the right thing. We empower the business to achieve Visa’s objectives legally and with integrity.

What an Ethics and Compliance Director does at Visa:

Visa is looking for an Ethics and Compliance (“E&C”) Director to join our Asia Pacific Ethics and Compliance team.

As the E&C Officer, you will be a critical partner to the business, providing pragmatic, solutions-oriented advice to ensure that Visa has effective, risk based business decision making, and performing review of key processes to ensure that the activities meet requirements of company policies, international standards and the obligations of regulations and laws of the United States and of those countries in which we operate.

This position will be based in Korea (Seoul) and will be responsible for the oversight, support and monitoring of the ongoing application of the Ethics and Compliance Program across Korea and Mongolia based business teams.

These activities include the following areas of risk:

• Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF) and Customer Due Diligence (CDD)
• Anti-Bribery and Anti-Corruption
• Data Privacy
• Information Security
• Anti-Trust and Competitive Intelligence, and
• Other specific compliance requirements of regulators who have regulatory authority over Visa operations

In addition, this role also carries responsibility for ensuring the highest standards of business ethics, as set out in Visa’s Code of Business Conduct and Ethics. Specific areas of focus include:

• Business Conduct and Ethics
• Conflicts of Interest, and
• Prevention of Insider Trading

In this role, the core responsibilities include:

• Execution of due diligence responsibility requirements of the Anti-Bribery/Anti-Corruption Program, Anti-Money Laundering/Anti-Terrorist Financing & Sanctions Programs, including third party due diligence
• Support of Visa’s Financial Intelligence Analytics activities through additional and enhanced due diligence applied Anti-Money Laundering, Anti-Terrorist Financing and Customer Due Diligence cases, including direct communications and requests for information from clients and partners
• Review, assessment and pre-approval of gifts, travel and entertainment, as well as assessment of the proper designation of State-Owned Entities and Covered Government Officials
• Review significant business activities and transactions, assessment of risk and development and execution of risk mitigation action at regional, country, program and product level
• Responsible for all Compliance matters as the primary point of contact for business units, support functions and local regulators, where required
• Grow business partnerships and provide advice on regulatory compliance matters by providing accurate and timely advice and counsel
• Ensuring understanding of business strategy through ongoing dialogue to identify potential or emerging risks and proactively address them so as to avoid unnecessary risk or delays to strategic plans
• Ensure that the business has effective decision-making, risk assessment, processes, controls and procedures, meet obligations of international and local regulatory laws and requirements
• Provide required reporting to regulatory authorities, where required
• Responsible to assist the business in developing and enhancing the first line of defense to ensure compliance with local regulatory requirements, ensuring that risks are being adequately managed and that the business is in compliance with company policy
• Lead the second line of defense monitoring
• Responsible for business education on policy requirements, including delivery of localized training, tailored to the specific countries and business and support function needs
• Responsible for comprehensive reporting including local dashboard and metrics reporting
• Continually identify opportunities for efficiencies while ensuring sufficient controls are in place; partner with the business to drive process and control improvements
• Work closely with Legal and Government Relations to maintain an understanding of the legal and regulatory landscape including the support and maintenance of the legal and regulatory obligations inventory as it applies to Visa
• Handle queries and questions on the Compliance Program from the business, support functions, other control groups, regulators, clients and partners

Why this is important to Visa

This role is critical in sustaining Visa’s ethical culture and global Compliance Program.

Visa operates the world’s largest retail electronic payments network and it is one of the most recognized global financial services brands. For each of the past nine years, Visa has been voted one of the “World’s Most Ethical Companies” by Ethisphere Institute and recognized as one of the top brands globally by several independent brand benchmarking organizations.

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.

What you will need:
• Bachelor's degree or other higher education qualifications required
• 10 to 15 years of experience in management of compliance programs and controls within the financial services industry required
• Professional AML/ATF (ACAMS) accreditation is desirable
• Sound knowledge on AML/ATF typologies
• Good understanding of core pillars of effective AML, ATF and CDD programs and appropriate legislation
• Experience in regulatory Compliance, including direct work with different regulatory authorities is required
• Proficient in Korean and English language skills (written and verbal)
• Good knowledge of payments industry products, emerging products, regulations and related trends
• Corporate experience with a proven track record of managing multiple projects in a complex matrix business and operational environments
• Excellent analytical and data analysis skills including use of MS Office systems including Word, Access, Visio, Excel (advanced), Power Point, SharePoint and other applications
• Intuitive, highly ethical and comfortable to question and challenge
• Highly analytical and self-motivated, adept at working independently and in a dispersed team environment covering multiple and varied tasks
• Capable of working collaboratively with employees from all levels within the organization; proactive planner and able to engage peers and seniors constructively
• Flexible to work in an environment where needs are continually changing
• Ability to multi-task and able to work with minimal supervision
• Excellent presentation and public communication skills (written and verbal)
• Some travel and extended business hours (conference calls) may be required

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.