Regulatory Compliance Manager

Visa

  • London
  • Permanent
  • Full-time
  • 15 days ago
  • Apply easily
Company DescriptionVisa 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.Job DescriptionAbout the Role: The Regulatory Compliance Manager is a key part of Visa Direct's second line of defence (“2LOD”) Compliance function. The Regulatory Compliance Manager will manage and continually enhance Visa Direct’s approach to regulatory compliance and will be responsible for managing and overseeing regulatory compliance matters, with a particular focus on regulatory incidents.This role involves working across all business units to provide support and advice, ensuring that Visa Cross Boarder Solutions (Currencycloud) meets its regulatory compliance obligations and effectively manages regulatory incidents.Key Responsibilities:
  • Ensure that Visa Cross Boarder Solutions (Currencycloud) regulatory compliance programs and processes align with Visa's standards.
  • Proactively identify and evaluate emerging regulatory trends, laws, and regulatory updates in markets of operation.
  • Lead the response to regulatory incidents, ensuring timely and accurate reporting to regulatory authorities.
  • Assist the business when required on further building out their First Line of Defence (1LOD) controls to ensure compliance with local regulatory requirements.
  • Develop and implement mitigation actions for regulatory incidents, including conducting risk assessments and executing on mitigation plans.
  • Work alongside a wide range of business stakeholders to ensure that all relevant steps are taken to mitigate any impact from any regulatory incident to maintain our robust and effective regulatory environment including providing direction to relevant stakeholders to ensure any observed patterns and trends are known to allow for proactive control implementation.
  • Assist in formulating management information and regular reporting for Senior Director Regulatory Compliance, Leadership, Risk Committee and Board as and when required.
  • Carry out regulatory research relevant to specific business queries and communicating findings in a clear, simple and concise manner
  • This role has the potential for direct line management.
  • Provide comprehensive support and leadership on various regulatory compliance projects when directed and needed, ensuring alignment with Currency Cloud's standards and regulatory requirements.
This is a hybrid position with the requirement for you to attend our Paddington office Tuesdays - Thursdays.Qualifications
  • Minimum of three years working in regulatory compliance, ideally within the electronic money and payment industry.
  • In-depth knowledge of relevant regulations and rules applicable to Visa Direct and its regulated entity The Currency Cloud Limited (key regulations - EMRs, PSRs, Consumer Duty, FCA’s Payments and E Money Approach document, EBA guidelines applicable to payments services providers)
  • Ability to provide timely and accurate regulatory advice to the business
  • Awareness of key regulatory risks to Visa Direct’s business model
  • Providing valid challenge and making recommendations as and when necessary
  • Previous people management experience (e.g. line manager role) is a nice-to- have but not a requirement for this job.
  • Visa’s Leadership Principles are Lead Courageously, Obsess about Customers, Collaborate as One Visa, and Execute with Excellence - our ideal candidates will show that they live these principles day-to-day.
Additional InformationVisa 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