Compliance Director

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 Compliance Director for Currencycloud B.V. will be responsible for overseeing and developing the Compliance function for Currencycloud’s EU operations. You will be part of the Legal & Compliance organisation and will be instrumental in maintaining relationships with regulators and developing and implementing compliance programs.

You will sit on the Management Board of Directors for CCBV, a payment service provider acting under an electronic money institution Incense issued by the Dutch Central Bank (DNB), be responsible and accountable for managing the supervisory relationship with the DNB, and will have Compliance and Risk in your portfolio.

Core responsibilities:

• Designated Wft board member. (Wft is the Dutch Financial Services Act mandating that every licensed financial institution must have a person ultimately responsible for risk and compliance)

• As an appointed Wtf board member on Management Board of Directors of CCBV, you will:
  • exercise your powers in your role as a director having regard to relevant obligations under prevailing Dutch law and regulation
  • abide by CCBV’s key governing documents, including the Schedule of Matters Reserved to the Board and
  • make decisions in the interests of the company to generate long-term sustainable value, having due regard to the company’s operation under Dutch law, including the Dutch Civil Code, and regulatory obligations, in particular the company’s role as a risk manager, including operational resilience and financial strength
• Responsible and accountable for maintaining the relationship with the DNB as key supervisor of Currencycloud’s EU operations, and CCBV’s Supervisory Board of Directors
• Ownership of all regulatory reporting submitted on behalf of CCBV (Finrep, IRAP, SIRA, etc). Oversee, steer, and provide quality assurance of regulatory reporting​

• Responsible for strengthening of CCBV's compliance function
• Responsible for collaborating and interacting with Group functions (outsourcing oversight etc)

• Ensure all employees are educated and trained on the latest regulations and processes

• Advise Senior Management and CCBV Board on the company’s compliance with laws and regulations through detailed reports

• Provide guidance to the CCBV Board on risk management and compliance matters

• Responsible for identifying and evaluating risks associated with the company's operations under the CCBV license. Working closely with the wider Legal, Compliance, Risk and other functions across Money Movement Solutions
• Accountable for the development and implementation of corrective action plans for resolution of problematic issues
• Responsible for horizon scanning for new EU laws & regulations (CESOP, EUMLD6). Working closely with Legal and the CC Global Head of Regulatory
• Ownership of implementation plans for upcoming regulations

• Support strategic decision making on new products / services involving CCBV.

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Secondary responsibilities:​

• Support on strategic projects

• Supporting the local Head of Compliance to manage external audits and or regulatory inspections

• Regularly review the company's procedures, practices, and documents to identify possible weaknesses or risks.

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.