Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across 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.
When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.
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Team Summary
Controllership plays an integral part of Visa’s operations in Korea & Mongolia. Controllership is accountable for: 1) ensuring the integrity and accuracy of financial reporting for activities across the Korea and Mongolia geographies in accordance with US GAAP, IFRS and various other local statutory requirements 2) establishing and monitoring internal controls, partnering with the business stakeholders to ensure the controls environment continues to stay strong and effective, 3) management of the Controllership Operations function.
What a Country Controller does at Visa
The Country Controller is a key member of the Korea & Mongolia team and requires an in-depth understanding of how various functions contribute to achieving the organization goals and the commercial objectives of the business. The Country Controller provides oversight, guidance, and consultative support on business transactions to achieve positive outcomes whilst ensuring compliance with policies and procedures. They work closely with functional leads in Finance and Controllership teams in the APAC region to drive process excellence and ensuring that financial controls across business processes operate in an effective compliant manner, while maintaining a robust controls framework. Accountable for integrity and accuracy of financial reporting in accordance with US GAAP, IFRS and various other local statutory requirements. The profile of the role requires significant interaction with the Korea Leadership Team and will act as the key representative for all AP Controllership processes within the County. The role requires excellent communication and problem-solving skills and the ability to influence stakeholders at senior level. This position reports directly to AP Assistant Controller with a dotted line to Korea and Mongolia Finance Head.
Responsibilities:
- Responsible for strengthening and maintaining the internal controls and the control environment to support the business
- Ensure that robust controls are implemented and adhered to in line with local regulations as applicable, Company’s policies, procedures and guidelines and best practices
- Be the “go to” subject matter expert on Finance policies and procedures.
- Appropriately assess risk, including but not limited to business, financial, control and reputational. Safeguarding the organization
- Partner with other supporting functions such as Compliance, Legal and Risk to implement and maintain business procedures with robust controls in place that are adhered to.
- Contributes to the integrity and control of the financial books and records as well as the process by which these records are generated
- Manage the financial reporting processes and ensures that financial results are timely, accurate and in accordance with US and local GAAP and applicable accounting and reporting standards
- Responsible for the independent financial statement statutory audit, including completion of audited financial statements
- Responsible for both internal and external local and regulatory reporting, where applicable
- Partner with Tax to achieve transfer pricing strategies with effective monitoring of legal entity transaction flows through timely reconciliation and settlement of intercompany balances
- Collaborate with cross-functional teams, globally and regionally to drive process excellence and standardization
- Cultivate and lead a high performing team that produces high degree of financial oversight, effective control environment and process excellence
- Use information and data to communicate and provide rich insights to leadership team for decision making
- Identify systems and tools that can achieve automation outcomes positively
- Embed a Lean Six Sigma culture of continuous process improvement to drive efficiency and future scalability with excellent customer service levels.
- Perform root cause analysis and drive corrective action of exceptions identified by key controls stakeholders
- As a people leader, you are expected to provide effective leadership, strategic direction and management to your team.
Why this is important to Visa
Controllership plays an integral part of Visa’s operations in Korea & Mongolia. This role ensures the country financials are reflective of the transactions and activities undertaken by the country and these are recorded in accordance with GAAP/IFRS. Additionally, ensures business stakeholders are provided the appropriate support and guidance.
This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 3 days a week, Tuesdays, Wednesdays, and Thursdays.
What you will need
- Certified public Accountant or Chartered Accountant with Big 4 public accounting and audit experience
- Bachelor’s degree in a business related discipline, Advanced Master’s degree in Business Administration, Finance, Economics or equivalent is highly desired
- 10+years in audit, financial reporting, accounting operations, working in a large and fast paced multi-national commercial environment
- Experience managing a team in a matrixed organisation
- Ability to work well under pressure, strong problem-solving skills and with some hands-on operational experience
- Excellent inter-personal skills and a proven ability to build and maintain stakeholder relationships at all levels
- Strong communication, interpersonal and influencing skills and ability to work effectively in a matrix management structure in a complex and diverse, multi-cultural environment
- Self-directed and motivated to continuously improve processes to exceed customer expectations and help promote a best-in-class organization.
What will also help
- Payment industry knowledge and experience a preferred but not required.
- Korean market experience with a business level proficiency of the Korean language preferred but not required.
- Understanding and application of Lean Six Sigma methodology and tools
Projects you will be a part of
As member of the Regional Controllership Leadership team, you will have the opportunity to participate in Global and Regional projects that not only enhance your skills and knowledge but also build your network and ensure Controllership continues to be world-class organization. As a world-class organization, we continually re-evaluate our processes to ensure we are operate at the most optimum level. Some of the projects you will be embarking on include but not limited to:
- Value In Kind (VIK) Global Process – Establishing a global standard process to enable efficiencies, remove redundancies
- Controllership Operations Redesign – Evolving our Centre of Excellence Controllership Operations function both Regionally and Globally
- Accounting Streamline Initiative – Partnering with Regional team to establish a global standard process to enable efficiencies and remove redundancies
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.
