Group Head of AML & CTF Compliance

As the Group Head of AML & CTF Compliance for Currencycloud, you will play a pivotal role in Visa’s Global Ethics and Compliance team to steer our compliance strategy and ensure a robust framework in an ever-evolving regulatory landscape across EU, AP, CEMEA, LAC and NA regions.

You’ll oversee and be accountable for diverse responsibilities including but not limited to compliance management and oversight of regional or country-specific entities, global Currencycloud policy and rules alignment, compliance technology approvals, team management, board and regulatory reporting, and regulatory analyses. You will be expected to be a thought leader and subject matter expert. Plus, you’ll actively manage and contribute to projects as needed, showcasing dynamic leadership in driving strategic initiatives.

Responsibilities

• Provide vision and strategic direction for the Currencycloud compliance function, develop and execute a forward-thinking compliance strategy, aligned with the broader Visa Money Movement Solutions vision and overall Visa Global Ethics and Compliance approach, providing strategic insights to navigate complex regulatory challenges.
• Develop and optimize compliance processes to increase efficiency while maintaining high-quality standards.
• Simplify complex procedures to enhance comprehensibility and effectiveness of the compliance function.
• Investigate potential tools and technologies that can automate and streamline compliance activities. Implement selected tools to boost productivity and accuracy in compliance tasks.
• Collaborate with other functions to ensure that compliance standards are known, well understood and being met.
• Regularly review and update the organization's compliance policies and procedures, including risk rating methodologies.
• Develop training and conduct regular sessions for commercial teams to drive awareness.
• Monitor compliance systems to identify and rectify issues promptly. Back test methodologies to ensure risk rating methodologies remain fit for purpose and effective.
• Develop and provide regular reports to management on the status and effectiveness of the compliance function, including cycle time and backlogs.
• Stay updated with regulatory changes and ensure the compliance processes are aligned with these changes.
• Empower regional AML &CTF leaders to drive necessary processes and leverage best practices across regions.
• Represent Currencycloud AML & CTF compliance with internal and external stakeholders and regulatory bodies, timely providing necessary documentation and responding to compliance related inquiries.
• Own internal investigations into compliance matters and develop robust remediation plans where required.
• Collaborate seamlessly across Currencycloud departments, regions, and other Visa companies to integrate compliance requirements into business processes, working closely with risk and other stakeholders to address complex compliance challenges.

Requirements

• Proven experience as a Head of AML & CTF Compliance or CCO within the Banking or Payments industry, including Correspondent Banking, Fintechs, Foreign Exchange, and multiple jurisdictions is desirable.
• Demonstrated experience in leading process enhancement and change management across key compliance functions at a global scale. This should include areas such as Know Your Customer (KYC), transaction monitoring, and sanctions screening.
• Deep knowledge of financial regulations, AML & CFT requirements and compliance practices, with the ability to make decisions independently.
• Leadership prowess, demonstrated by successful team building and strategy implementation.
• Exceptional communication and interpersonal skills.
• Agility to thrive in a fast-paced dynamic regulatory environment.
• Experience of working within a highly regulated environment is required.
• Minimum 15 years of demonstrable experience in the financial industry.
• Bachelor’s degree advanced degree preferred.
• Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or equivalent preferred.

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.