Address Company Description
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.
Job Description
The incumbent will be the key regulatory liaison / Money Laundering Reporting Officer (MLRO) for Currencycloud Pty Ltd, reporting directly into the Head of Compliance and Regulatory, APAC for Visa Cross-Border Solutions (VXBS). The role will be primarily responsible for all regulatory requirements of Currencycloud Pty Ltd, including regulatory reportings and filings, maintenance of compliance programs / financial crime framework / Key Obligation Registers (KORs), implementation of compliance controls, addressing regulatory enquires, training etc. The role will also be part of VXBS's second line compliance function and provide guidance to the Business / Onboarding team in relation to clients domiciled in the region.
What we expect of you, day to day:
Discharge duties as Money Laundering Reporting Officer (MLRO) including submission of relevant reports e.g. IFTI reporting
Act as principal point of contact for Regulators, maintain close relationship with the Regulators, manage regulatory inspections, and be kept abreast of the latest regulatory developments.
Participate in and work with relevant industry bodies and groups in relation to AML, IFTI and other related initiatives.
Responsible for a robust and effective local AML and other governance programs, provide ongoing advice on control effectiveness and recommendations to the overall financial crime framework.
Responsible for advising on AUSTRAC / AFSL regulatory requirements, provide recommendations and guidance to Business and Onboarding teams etc over latest regulatory positions and requirements in ANZ.
Take lead for compliance related projects including gap / impact analysis of new or revised regulations, implementation of compliance controls etc.
Drive and deliver company-wide training on Compliance and AML topics e.g. new used cases, changes in risk threshold, new policies / procedures etc.
Make judgements on escalations from onboarding and other relevant teams over sanctions alerts, high risk transactions and applications involving politically exposed persons.
Where necessary, schedule sessions to present specific cases to senior stakeholders such as the Head of Compliance and Regulatory APAC, Global Head of FinCrime etc.
Support the Head of Compliance and Regulatory APAC in relation to updates to existing APAC policy documents, completion of annual risk assessment etc.
Support the Head of Compliance and Regulatory APAC on projects to enhance Currencycloud’s financial crime framework, including new processes and system implementation.
Build and maintain deep understanding of the Currencycloud products, market strategies and business opportunities within ANZ, be aware of changes in the wider business (products, jurisdictions etc.) and how these may impact the regulatory compliance of the licensed entity.
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.
Qualifications
What we’re after…
• Strong knowledge of ANZ regulatory and financial crime regulations, familiar with ANZ payments / industry practices
• Experience in working with regulated entities and managing regulatory relationships
• 8+ years of experience in Compliance / AML in the financial / payments industry
• Experience in implementing policies / procedures and conducting business-wide financial crime risk and regulatory assessments
• Ability to provide training on Compliance, AML/CTF, Sanctions and other risk related topics
• Comfortable working with data in a fast paced and time sensitive environment
• Strong communication and interpersonal skills
• Possesses a growth mindset and is solutions-driven while ensuring regulatory compliance
• Bachelor’s degree in a related field and/or professional certifications
Additional Information
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.
