Senior Regulatory Compliance Manager

Team Summary

Visa is looking for a Senior Regulatory Compliance Manager based in Australia (Sydney) to be part of Currencycloud’s Asia Pacific (APAC) Regulatory team. Currencycloud is part of Visa Group entities and covers Visa’s regulated payment business within Money Movement Solutions (MMS) in APAC. Currencycloud is also consolidated under Visa Direct which streamlines all of Visa’s cross border payments under one unified branding. The Currencycloud APAC Regulatory team serves as a critical partner to the MMS business, providing pragmatic, solutions-oriented advice to ensure that the regulated payment activities within licensed entities in APAC are in line with the local regulatory requirements where the licensed entities are operating in as well as Visa’s group standards. The team is part of the second-line function within Visa’s wider Group Ethics and Compliance.

What a Senior Regulatory Compliance Manager does at Visa:

Based in Australia (Sydney), this position will be reporting to the Currencycloud APAC Head of Regulatory based in Singapore and is a newly created position as part of Visa’s expansion plans within the APAC region. The Senior Regulatory Compliance Manager will lead the regulatory compliance program for Visa’s Australian entity, with key focus on regulatory requirements for Australian Financial Service License (AFSL) with ASIC and Purchased Payment Facility (PPF) license with the Australian Prudential Regulation Authority (APRA). This role will design, implement, and maintain frameworks and controls to ensure compliance with ASIC and APRA’s prudential requirements and other relevant Australian regulations. The individual will also collaborate closely with global regulatory teams across APAC, EU, UK, and US to ensure consistency and alignment with Visa’s global compliance standards.

The core responsibilities for this role are as follows:

License Application & Regulatory Engagement:

• In collaboration with the Strategy, Legal and other AU senior leaders, support the end-to-end process in license application and license maintenance.
• Act as the primary liaison with APRA and other Australian regulators (ASIC, AUSTRAC) for prudential and compliance matters.

Framework & Controls Implementation:

• Develop and embed a Prudential Compliance Framework aligned with APRA’s CPS and APS standards (e.g., CPS 220 Risk Management, CPS 510 Governance, APS 610 Purchased Payment Facilities).
• Establish documentation inventory of policies and procedures, certifications, attestations to support license renewals, regulatory inspections, audits, thematic reviews etc.
• Maintain a Prudential Obligations Register mapping ASIC and APRA standards to internal processes and controls.
• Conduct horizon scanning, perform gaps or impact assessments and implement remediation plans or control enhancements to ensure compliance readiness, including provision of regulatory briefings to Board and Senior Management on new or amended legislation that impacts the Business.
• Support the Client Migration Project.

Regulatory Advisory:

• Provide accurate and timely advice to the Board and Senior Management over regulatory related requirements, ensuring that risks are being adequately managed while balancing business objectives.
• Review any new product and service initiatives and provide regulatory advice or alternative solutions to mitigate any regulatory risks.

Governance & Reporting:

• Provide comprehensive reporting including local dashboard and metrics reporting to the Board and Senior Management including Chief Risk Officer and Global Risk Committee.
• Own and maintain end to end regulatory reporting framework, including establishment of clear ownership, escalation protocols, thresholds, validation controls, and submission timelines for all regulator returns, notifications, breach reporting and incident management in line with APRA, AUSTRAC and ASIC requirements.
• Support executive and Board level regulatory attestations, including validation of underlying data, control evidence and material risk disclosures.
• Act as a second-line owner for regulatory observations, findings and commitments, ensuring accurate articulation to regulators, robust remediation tracking, and transparent progress reporting.

Cross-Regional Collaboration:

• Work closely with regulatory teams in APAC, EU, UK, and US to ensure global standards are consistently applied.
• Participate in global regulatory forums and contribute to harmonization of policies and procedures.
• Participate actively in Regional and Global team discussions, including sharing of local practices, updating on regulatory ...

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