Director of Risk
AlpacaSalary not specified
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Payments, TechnologyIndustries
Requirements
- 8 or more years of relevant work experience with a Bachelor Degree or at least 5 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 2 years of work experience with a PhD
- Preferred: 9 or more years of relevant work experience with a Bachelor Degree or 7 or more relevant years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 3 or more years of experience with a PhD
- An understanding of the payments industry and/or financial services, payment products and services, and of wider economic / competitive landscape
- Strong communication skills and ability to partner with key stakeholders
- Knowledge of legal and regulatory requirements for regulated entities and for payment card industry including but not limited to AML/Sanctions, Anti-Bribery, Privacy, Antitrust, FCPA, GLBA, and the ability to discern the practical application of legal and regulatory requirements
- Significant experience in evaluating the Policies, Processes and Controls associated with complex business and operational processes
- Proven ability to work with all organizational levels
- Experience in applying risk management
- Advanced experience with executing control testing
Responsibilities
- Manage risk and control self-assessment (RCSA) processes inclusive of control testing for Global Substantive Compliance Area (SCA) Programs and non-SCA by defining and executing the planning of risk assessment and mitigation strategies, as well as the control testing plan in conjunction with the compliance organization
- Drive stronger business outcomes by leveraging existing RCSA and deep dive materials
- Work with process owners to help identify risks and challenge the effectiveness of the controls
- Provide training to SCA program owners on the types of operational risks in support of RCSA program evolution, lead RCSA’s in support of newly acquired entities related to compliance and regulatory compliance
- Monitor the risk profiles of certain compliance programs through Key Risk Indicators (KRIs) and other tools to assist management in the early identification of risks and trends
- Assist the Director in building relationships with the compliance organization, understand the compliance organization’s key areas of focus which will help inform and direct the team’s efforts
- Apply risk management practices specifically as it relates to Enterprise and Operational Risk Management (e.g., risk appetite, risk assessment, scoring, mitigation, acceptance, control testing) and working with the 1st line to build their risk profiles
- Lead deep dives in partnership with the Director, as needed, to strengthen the control environment
- Champion risk culture by developing & maintaining risk partnerships to educate & infuse Risk Management culture into the organization
Skills
RCSA
Risk Management
Control Testing
Compliance
Key Risk Indicators
KRIs
Regulatory Compliance
Risk Assessment
Risk Mitigation
Operational Risk
Visa
Global digital payment network provider
About Visa
Visa operates a global digital payment network that facilitates electronic payments for millions of people daily. The company connects consumers, businesses, financial institutions, and governments, allowing them to make transactions using Visa cards. Each time a card is used, Visa earns money through transaction, service, and data processing fees. Unlike many competitors, Visa focuses on expanding access to financial services for underserved communities and supporting local economies. The company's goal is to promote financial inclusivity and drive sustainable commerce, ensuring that more people can participate in the global economy.
San Francisco, CaliforniaHeadquarters
1958Year Founded
$55.8MTotal Funding
ANGEL_INDIVIDUALCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Health Insurance.
Life Insurance.
Dental Insurance.
Disability Insurance.
Accidental Death & Dismemberment Insurance.
Risks
CBDCs could reduce reliance on Visa's payment network.
'Buy Now, Pay Later' services may decrease traditional credit card transactions.
Fintech startups offering zero-fee transactions could pressure Visa's revenue model.
Differentiation
Visa operates a global digital payment network connecting millions daily.
The company focuses on financial inclusivity and sustainability in its operations.
Visa collaborates with central banks on Central Bank Digital Currencies (CBDCs).
Upsides
Visa's partnership with fintechs enhances cross-border payment solutions.
Adoption of blockchain technology could revolutionize digital payments.
AI-driven fraud detection systems are reducing fraudulent activities.
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