Consultant/Sr. Risk Analyst, Third Party Risk Management (TPRM) for North America

Job Description

The Third Party Risk Management (TPRM) team is part of the Corporate Risk function and acts as a 2nd Line of Defense. TPRM is responsible for governance and oversight of Visa’s third party risk and is responsible for assessing the effectiveness of the controls in place to identify, monitor, and manage Visa's third party risk throughout the third party’s lifecycle with Visa.

This is a fulltime position at Visa for Visa’s Third Party Risk Management team. We areseeking a Consultant to support the North America third party risk management program and lead global program initiatives. This includes managing the risk assessment and due diligence processes, both at on-boarding and throughout the lifecycle as part of Visa’s Third Party Risk Management Program (TPRMP). The global program initiatives consist of driving the TPRM Decision Automation, as well as leading the program training and communications. The ideal candidate will be process driven, an excellent communicator and able to develop approaches that scale. Building influence in cross-functional partnerships and developing stakeholder relationships across the organization is an essential part of this role.

The Consultant is expected to ensure all aspects of the assigned functions adhere to the Third Party Risk Management Policy and Procedures. This position reports to the Sr. Director of Third Party Risk Management for the Americas Regions, based in Foster City, who provides leadership, guidance and training to staff. This role is based in Foster City.

In this role, you are expected to:

• Support the NA Region’s third party risk strategy, collaborating with various stakeholders to perform due diligence, risk assessment and ongoing monitoring of Visa’s third parties, ensuring inherent risks and control gaps are accurately identified and remediated

• Ensure Third Party Risk Management policy and procedures, and Visa Supplier Manager tool capabilities are implemented according to approved goals and policy

• Validate incoming supplier engagements, working with business partners to ensure data is complete and accurate and inherent risks are identified

• Coordinate the distribution of due diligence questionnaires to the suppliers, review submitted questionnaires for completeness, ensure Risk stakeholders finalize reviews and determine overall residual risk rating. Be a strong liaison to ensure that Risk Stakeholder questions are answered by Business or Suppliers as required. Conduct certain aspects of supplier due diligence not covered by risk stakeholders

• Develop and lead a global Communications Strategy and Training Program. Drive TPRM training across First Line of Defense (1LOD) including Business function, Risk Stakeholders and Sourcing.

• Collaborate with regional teams to implement a standard set of training modules and communication materials for different stakeholders

• Manage implementation of TPRM’s decision automation program (Low Risk Automation/Bypass) in all regions and provide guidance to regional leads on day-to-day requirements

• Contribute to the development of detailed procedural documents and ensure alignment of TPRM with regulatory requirements including FFIEC, OCC and other applicable regulations

• Identify, prioritize and pursue opportunities to enhance Visa’s third party risk management processes and introduce innovative approaches and solutions to optimize efficiency and effectiveness

• Ensure fourth parties are identified, captured and reported across all suppliers

• Conduct other TPRM activities that relate to third party lifecycle management. These activities include the annual review of the Tiered Monitoring Program, management of supplier mergers and name change requests, ongoing monitoring of Anti-Bribery controls.

• While position is focused on supporting NA region, will provide coverage for LAC region when required and may cover third parties of newly acquired entities

• Develop and run consistent and accurate reports related to the supplier list and analyze data to prepare supplier reporting for senior management

  Why this is important to Visa

  As the NA Third Party Risk Management Consultant, this role plays a crucial part in the NA Region’s third party risk strategy, ensuring internal teams such as Global Sourcing and Visa’s Risk Stakeholders have resources and processes to support their needs for due diligence, risk assessment and ongoing monitoring, ensuring inherent risks and control gaps are accurately identified and remediated.

Qualifications

6 years of work experience with a Bachelor’s Degree or at least 4years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 2years of work experience with a PhD degree

We are looking for an experienced individual with a curiosity about payments and Fintech, who is results-driven, and client focused. As a candidate you should have:

• 5 years of work experience in payments or risk/compliance function for a global organization with a Bachelor’s Degree or 3 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 1 year of experience with a PhD

• May help coordinate projects, delegate tasks, and review others' work product for projects within job area

• Working understanding of Anti-Bribery, Information Security, Business Continuity, Physical Security, Records Management, Call Center, Reputational and Financial risks

• Understanding of contract terms and conditions

• understanding of the inherent risks associated with engaging suppliers to perform services and support projects/initiatives

• Equally effective managing multiple projects and conducting data-driven analysis

• Exceptional data analysis and problem-solving skills with demonstrated intellectual & analytical rigor; ability to summarize raw data to tell a simple story supported by data to management and stakeholders

• Responsible for compiling monthly, quarterly, and ad hoc dashboard and reporting for management

• Demonstrated ability to communicate complex issues in a clear, concise and impactful way – turning research and raw data into hard numbers into compelling stories and useful strategic insights to a variety of stakeholders

• Established professional contributor

• Works independently under limited supervision

• May provide guidance to lower level professionals

• Strong attention to detail and achieving results, with an emphasis on how work is being accomplished

• Naturally curious and action-oriented

• Excel power user, Tableau a plus

• 3 years of experience working with supplier or vendor assessment frameworks, information security and/or operational risk programs within the payment industry

• Excel power user a plus

• Professional accreditation in risk management a plus

• Professional accreditation in risk management a plus Proficiency in Financial Systems (Ariba, Aravo, Oracle, Coupa, IBM) a plus

Additional Information

All your information will be kept confidential according to EEO guidelines.

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, and reach with hands and arms.

This position requires the incumbent to be available during core business hours

This position requires the incumbent to travel for work 0% of the time.

No relocation or sponsorship provided