Senior Regulatory Compliance Manager at Visa

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

05 Apr, 26

Salary

0.0

Posted On

05 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Compliance, Risk Management, Internal Audit, Financial Services, Payments Industry, APRA Standards, ASIC Requirements, Project Management, Policy Implementation, Training, Communication, Collaboration, Documentation, Governance, Reporting, Advisory

Industry

IT Services and IT Consulting

Description

Company Description 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 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 developments etc. Training & Awareness: Deliver training programs to embed a strong compliance culture within the Australian entity. Qualifications To apply for this role, we are looking for someone who has bachelor’s degree or higher education qualification and at least 7 years of working experience within regulatory compliance, risk management, or internal audit within financial services / payments industry, especially APRA regulated entities. We will also seek candidates with the following: Strong knowledge of APRA CPS/APS standards and ASIC regulatory requirements including good knowledge of key Australian legislations & regulatory obligations: Banking Act 1959, Australian Prudential Regulation Authority Act 1998, Financial Accountability Regime Act 2023, Corporations Act 2001, Anti-Money Laundering and Counter-Terrorism Financing Act 2006, APRA Prudential Standards (CPS/APS series, including APS 610 for PPF providers) Knowledge of other payments regulations across APAC will be advantageous but not necessary. Experienced in policies and procedures implementation including drafting them. Ability to provide training on key regulatory considerations to Business stakeholders. Strong project management skills and can cope with multiple project timelines including ability to lead projects independently. Comfortable working across regions and multi time zones – although the role will be autonomous within region, strong collaboration with the global teams in other regions such as UK and US will be required from time-to-time Excellent communication skills in English (both written and verbal) and can provide constructive and clear feedback to queries 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. Job Family Group: Legal

Responsibilities

The Senior Regulatory Compliance Manager will lead the regulatory compliance program for Visa’s Australian entity, focusing on regulatory requirements for Australian Financial Service License and Purchased Payment Facility license. Responsibilities include developing compliance frameworks, engaging with regulators, and providing regulatory advice to senior management.