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Regulatory Risk Director

Visa

Visa’s vision is to be the best way to pay and be paid for everyone, everywhere.

Company Description

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.

Join Visa: A Network Working for Everyone.

Job Description

Fascinated by the future and captivated by technology?

Looking to join a dynamic and innovative Risk Function? 

Smart, driven and want to make a difference in the world?

You’ll fit right in. 

Visa is one of the world’s leaders in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payments network – enabling individuals, businesses and economies to thrive. Visa globally facilitates digital payments across more than 200 countries and territories among a global set of consumers, merchants, financial institutions, businesses, strategic partners and government entities through innovative technologies. 

With new ways to pay, Visa has evolved into a company that is a Trusted Engine of Commerce, providing payment solutions for everyone, everywhere.

Risk directly supports Visa’s strategic priorities to drive sustainable growth and protect Visa’s brand and reputation.

Risk is the backbone of Visa, providing constructive solutions and challenge, partnering with the business to help identify and manage risks, balancing risk and reward, and providing insights to inform senior management’s strategy and decision making.

We strive to be a diverse, inclusive, best in class Risk function, where we provide exciting development opportunities for our people.

We encourage quality of life outside of the office, whether it’s taking advantage of agile work schedules or our wellness programs, Visa respects and encourages meaningful work/life balance for everyone.

If you think you could support Visa as a Regulatory Risk Director, we want to hear from you – together, let’s make Visa a great place to work.

 

What’s it all about?

The Regulatory Risk team protects Visa by managing supervisory relationships to deliver supervisory priorities, ensure appropriate risk governance oversight, and identify changes in regulatory environment on which to engage with management and regulators.  The Regulatory Risk team supports Visa’s growth by ensuring strategic initiatives consider regulatory requirements.

As the Regulatory Risk Director, you will be responsible for developing the supervisory engagement strategy for targeted European regulators. Once developed, you will lead the implementation and be responsible for maintaining the relationship with our supervisors at the European Central Bank (ECB), the Dutch National Bank (DNB) and the National Bank of Poland (NBP), as well as supporting relationship management with the Bank of England (BoE) (collectively European supervisory authorities).  The role holder will also be required to support the Government Engagement and Regulatory Legal and Compliance teams in their interactions with other European regulators.

This role holder will also engage with stakeholders internally to coordinate responses to regulatory requests and supervisory priorities and support the review of materials for relevant governance committees including the European Risk Committee and the Board Risk Committee.

What we expect of you, day to day:

  • Deliver the strategy for supervisory engagement, including providing a strategic view of regulatory developments and our internal target operating model / relationship management approach.
  • Ongoing management of relevant regulatory relationships and be a key point of contact for these supervisors, both proactively and reactively.
  • Advise and assist on regulatory and supervisory implications of organizational developments and changes, including facilitating or developing proactive communication to regulators.
  • Contribute to the proactive identification and evaluation of emerging regulatory trends, laws, and principles of practice in markets of operation, including monitoring and enforcement, and proactively coordinating other relevant stakeholders to ensure adherence with emerging regulatory obligations.
  • Develop briefing packs for C-suite executives and Visa Europe Board members to support their regular supervisory meetings with European supervisory authorities.
  • Building strong relationships to cross silos and work collaboratively to manage regulatory risks:
    • Across Risk Europe
    • With relevant Global Centers of Excellence
    • With Visa Country / Cluster Heads, Functions and programme management teams.
  • Where relevant, using management information, metrics, and analysis to inform decision-making and to measure progress against goals and desirable outcomes
  • Contributing to a best in class Function/ Department recognised across Visa Europe and globally as:
    • Experts in their field
    • Professional and business-aware
    • Proactive and solutions-focused
    • Constructive and proportionate in their challenge
    • Approachable and collaborative

Think you have what it takes?

If you are interested in a career that will challenge and inspire you – we’d love to hear from you!

Diversity & Inclusion

Universal acceptance for everyone, everywhere, is not only our brand promise, it’s the foundation of our company culture. We foster a feeling of connectedness in the workplace, support diversity of thought, culture, and background, fight for important initiatives like Equal Pay and actively work to eliminate unconscious biases that hold us all back.

By leveraging the diverse backgrounds and perspectives of our worldwide teams, Visa is a better place to work and a better business partner to our clients.

 

Qualifications

What we’re after…

Knowledge & Experience

• Strong understanding of relevant regulatory environment and expectations and experienced in managing regulatory relationships, including with regulators in Europe.
• Ability to anticipate regulatory requirements and recommend processes and procedures to ensure Visa is prepared for and can meet evolving regulatory requirements.
• Proven ability in preparing/reviewing/delivering regulatory and executive communications, both written and oral
• Ability to analyse regulatory requests to assess potential points of feedback or issues that may emerge from the interaction, in addition to advising on our response approach
• Knowledge, understanding and experience of governance and risk management practices in financial services, including the payments industry.

Personal characteristics

• A trusted adviser who:
o Provides effective constructive and business-aware challenge
o Consults, as appropriate, on key risk management initiatives
o Is regarded as an expert in their field and an agent for change
• Ability to collaborate and influence successfully within a matrix organization.
• Intellectual rigour and business acumen needed to make sound judgements and handle complex situations and information
• A strong team player with the ability to organise and mobilise colleagues, and build and maintain effective partnerships across the organisation
• A questioning mind that proactively looks for pragmatic and innovative approaches to issues
• A results-orientated and highly motivated person who functions well in a global, matrix organisation
• Highly collaborative with strong interpersonal skills, including influencing and stakeholder management
• Takes full ownership of assigned responsibilities, and driven to go beyond the minimum requirements, not a check-the-box mentality
• The ability to coach and give effective development feedback to colleagues
• Fluent in English (verbal and written)
• Proficient with Microsoft Power Point, Excel, Word, and Outlook

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.

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.

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Regulatory Risk Director

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Contact us

Visa

Visa’s vision is to be the best way to pay and be paid for everyone, everywhere.

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