What are the responsibilities and job description for the Director, Governance, Risk, & Compliance position at Visa?
The Director, Governance, Risk, & Compliance is a member of the Strategy & Business Operations team and will serve as the Risk Champion (RC) responsible for managing and continually improving RaIS first line of defense risk management capabilities and risk reporting working with product teams and management. The successful candidate will be responsible for embedding themself in the RaIS business unit to help identify, assess, monitor and report on potential risks, and strengthen key controls across the RaIS business. The role significantly impacts the business unit as this individual must be able to effectively aggregate and communicate RaIS’ risks to its senior management and 2nd line of defense risk functions/teams, mainly the Risk Business Partner (RBP).
As the Risk Champion, they will provide constructive challenge to RaIS teams where appropriate and make recommendations on controls or other actions required to drive risk mitigation and reduce exposure in alignment with the 2nd line of defense policies, standards, and procedures. The individual will be regarded as a trusted business partner and force multiplier that can consult executive management to make key risk decisions, leveraging the expertise business teams, other risk management teams and cross-functional subject matter experts. The candidate is to be viewed by the organization as knowledgeable, capable, competent, and an agent for change.
The Director will also provide oversight to business teams and cross-functional stakeholders (e.g., Client Services, Finance, Legal, and Technology) to execute on risk management related to products, services, and operations, consistent with Visa’s Risk Management Frameworks and Risk Appetite. This will include appropriate roll out of Visa’s First and Second line control programs across the business. This role requires practical & strategic understanding of the payments industry, business environment and demonstrated experience assessing risks associated with business imperative/ strategies. This individual must work collaboratively with cross functional and geographically diverse teams to execute against a common goal of protecting RaIS.
Strong candidates are versatile team-players who learn fast, have high EQ and IQ, and carry a demonstrated record of driving workstreams.
Primary Responsibilities:
- Supporting the identification of risks & mitigation activity, providing effective oversight to and partnering with the first line business functions to ensure appropriate mitigation is applied to reduce risk exposure to within tolerance and in adherence to RaIS and Visa’s risk appetite.
- Develop and maintain partnerships with the business and cross functional partners to educate and embed Lifecycle Risk Management Practices and infuse Risk Management culture into the organization, including developing, maintaining and continually maturing the capabilities of a network of Risk Champions within the 1st line of defense.
- Driving compliance with key risk programs and processes (e.g. Risk Control Self Assessments, Model Risk Management) and any other risk and compliance initiatives (e.g. Internal audits, Regulatory requests), attend product roadmap reviews to assess and identify potential New Business Initiative Assessments (NBIA), partner with initiative owners to enforce cycle time discipline and rigor within the process.
- Develop a bottom up and top down view on risks which then feed into quarterly Risk Profiles and leadership discussions for the business unit.
- Support the execution of strategically important change initiatives, driving, enabling, and continuously improving resiliency and controls effectiveness.
- Monitoring the effectiveness of risk management to ensure mitigating measures are effective in protecting the RaIS business (e.g., overseeing risk registers, driving the development of measurement systems)
- Provide training and guidance to RaIS business
- Drive updates to leadership, and other parties as needed on risk management activities for the business, including supporting RaIS during Internal Audit engagements.
- Communicate recommendations to senior management, other executive, functional, or regional teams and management in a clear, concise, and impactful way
This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.