Compliance Analyst - New Business Onboarding

About Us
Visa is a world leader in payments technology, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories, dedicated to uplifting everyone, everywhere by being the best way to pay and be paid.

At Visa, you'll have the opportunity to create impact at scale — tackling meaningful challenges, growing your skills and seeing your contributions impact lives around the world.

Join Visa and do work that matters – to you, to your community, and to the world. Progress starts with you.

Job Description

Visa is looking for a Compliance Analyst based in Pasay City to be part of Currencycloud’s New Business Onboarding team. Currencycloud is part of Visa Group of entities and covers Visa’s regulated payment business within Money Movement Solutions (MMS). Currencycloud is also consolidated under Visa Direct which streamlines all of Visa’s cross border payments under one unified branding. The Currencycloud New Business Onboarding team is an essential partner to the MMS business. The team provides solutions-oriented advice to ensure timely client onboarding, address stakeholder queries promptly, complete tasks within Service Level Agreements (SLA), and perform all duties to a high standard.

This role, based in Pasay City, supports the Currencycloud New Business Onboarding Manager with new client onboarding. It reports to the APAC New Business Onboarding Manager and is part of Visa’s expansion in the region.

The core responsibilities for this role are as follows:

• Responsible for new business onboarding applications for Financial Institutions, Payment Institutions and Corporates in a myriad of industries and jurisdictions
• Carrying out know-your-customer (KYC) and Know-your-business (KYB) checks.
• Reviewing client’s regulatory cover
• Performing Risk Assessment on new clients
• Assessing the effectiveness of each client’s AML framework
• Leading AML calls with clients including visual walkthroughs of their processes and systems
• Responsible for undertaking enhanced due diligence on customers that pose greater risks, including investigating the legitimacy of the funds used in the business relationship
• Proactively escalating cases to senior members of the team
• Complete Compliance administration (such as keeping client records up to date).
• Work cross-departmentally to proactively identify and resolve any queries.

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

Qualifications

To apply for this role, we are looking for someone who has bachelor’s degree or higher education qualification and at least 3 years of working experience within AML/CFT compliance functions in the financial / payments industry. Professional AML accreditation is ideal.

We will also seek candidates with the following:  

Possesses a comprehensive understanding of key Anti-Money Laundering (AML) and Risk frameworks

Excellent communication skills in English and can provide constructive and clear feedback to queries.

Fast thinker and quick learner with the ability to work effectively under pressure, in a rapidly changing environment.

Excellent team working skills, capable of managing own workload and has tenacious attention to details.

Ability to priorities work by taking the impact and scale of the work into consideration, as well as manage time effectively to meet deadlines.

Able to analyze information to formulate questions and recommendations

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.