Vacancy expired!
Job Description
The Director, Product and Payment Services Risk, will be responsible for operationalizing risk frameworks and embedding strong risk management culture into Visa’s product and business units. He/she will be responsible for identifying, monitoring, and communicating the main enterprise risks for their respective business unit and/or product lines to senior leadership and will be a trusted business partner leveraging risk and business expertise.
Principle Scope, Responsibilities and Key Results Areas:Developing partnerships with First Line of Defense to identify, mitigate, monitor, and report on risks impacting their business and product lines
Actively monitor and report on business and product line risk profiles, highlighting risks that warrant most attention, including providing executive risk reporting to Senior Management
Providing insight/monitoring improvements on the control environments.
Driving and embedding risk culture throughout the product organization to further evolve Product Risk oversight at Visa
Working closely with Visa Risk Centers of Excellence (CoE) to design and implement appropriate Risk programs commensurate with risk profile and Visa Risk Appetite e.g. Technology Risk, Third Party Risk, Substantive Compliance Area Monitoring and Testing, Data Privacy Oversight, Model Risk, Risk and Control Self-Assessment etc.
Monitor risk profile of First Line (Product or Business Unit Leader) area of responsibility and drive reporting to applicable governance committees through the establishment, maintenance and monitoring of Key Risk Indicators (KRIs) to assist management in the early identification of risks and trends
Ensure appropriate alignment with other Policies, Frameworks, Processes and Procedures
Working seamlessly with a wide group of internal customers in a way that engenders mutual respect and consideration for the other party’s point of view
Ensure appropriate escalation and decision making of business decisions where there is disparity of views across Visa Functions and the Product and Business Unit.
Work with product partners to understand the product roadmap, pipeline to identity initiatives that should be channeled through the New Business Initiative Assessment (NBIA) process.
Provide guidance to initiative owner, by bringing key Visa risk, product, payment, and technical expertise throughout the Product Lifecyle. Provide necessary challenge to and/or modifications to product constructs if they create incremental risk to Visa.
Work with key product partners to execute New Business Initiative Assessment (NBIAs) risk assessments and ensure key risks are identified, with proper mitigation and controls are in place prior to launch and/or identify key risks and controls that need to be monitored after launch.
Conduct NBIA postmortems on key Initiatives to obtain product lifecycle view and better understand the Performance of the product against KPIs and identify risks since product launch, their root cause, and the 1LOD’s action plan (e.g., client feedback, fraud, etc.)
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 two days a week, Tuesdays and Wednesdays with a general guidepost of being in the office 50% of the time based on business needs.
Qualifications
Basic qualifications 10 or more years of work experience with a Bachelor’s Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD
Preferred qualifications 12 or more years of work experience with a Bachelor’s Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6+ years of work experience with a PhD Advanced knowledge, skill and understanding in applying risk management practices specifically as it relates risk taxonomies, risk appetite, risk assessment, scoring, mitigation, acceptance An understanding of the payments industry and financial services, payment products and services, and of wider economic / competitive landscape Excellent interpersonal, presentation, communication, and facilitation skills, plus ability to work independently and effectively in a continually changing environment Clear thinker with strong technical and data analysis skills and problem-solving skills Proven ability to develop strong relationships and work with all organizational levels Experience in identifying, assessing, managing, and reporting risks Understanding of controls and control effectivenessCOLORADO ONLY:This position has a minimum base salary of $109,800 and a midpoint base salary of $142,800. The base pay may vary depending on job-related knowledge, skills, and experience. In addition, this position is eligible for annual bonus and equity.
Additional Information
Visa has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees and visitors. As a condition of employment, all employees based in the U.S. are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law.
Work Hours: Varies upon the needs of the department.Travel Requirements: This position requires travel5-10% of the time.Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.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.
Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.
Vacancy expired!