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Director, Risk Business Partner, Issuing Solutions - job 31 of 46

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The Product and Payment Services Risk (PPSR) organization at Visa oversees Visa’s strategic pillars and underlying business units (e.g., Issuing Solutions, Acceptance Solutions, Risk and Identity Solutions, Visa Consulting and Analytics) and is focused on product builds, pipeline and portfolio execution and tackling risks inherent in each area. The Risk Business Partner (RBP), Issuing Solutions, is responsible for managing and continually improving Issuing Solutions risk management capability and risk profile, including Pismo, working with product teams to mature risk management capabilities across the 1st line of defence. The successful candidate will manage a direct report and will be responsible for embedding their team within the business units to help identify, assess, monitor potential risks, and strengthen key controls across multiple teams. The role significantly impacts the business unit and company as this individual must be able to effectively aggregate and communicate Issuing Solutions’ main risks to Visa’s Senior Management.

The RBP will provide constructive challenge to first line functions where appropriate and make recommendations to Senior Management on controls or other actions required to drive risk mitigation and reduce exposure. The individual will be regarded as a trusted business partner 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 RBP provides 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 the enterprise.

Candidate will be responsible for:

Leading a team of one to link Visa risk appetite and Issuing Solutions’ (incl. Pismo) strategic objectives by 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 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 (incl. NBIA, RCSA, TLMP, MRM, ViDA), attend product roadmap reviews to assess and identify potential New Business Initiative Assessments (NBIA), partner with initiative owner to instill cycle time discipline and rigor within the process.
Develop a bottom up (e.g., Key NBIAs, operational risk themes) and top down (key risks from senior leadership) view on risks which then feed into quarterly Risk Profiles and leadership discussions for the business unit.
Lead efforts in supporting 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 business and the wider Visa enterprise, through monitoring risk (e.g., overseeing risk registers, driving the development of measurement systems) and working with the broader Visa Global Risk and other functional centers of excellence to ensure appropriate incorporation into first and second line control programs.
Drive updates to leadership, regulators, and other external parties on risk management activities for the business, including supporting Issuing Solutions during Internal Audit engagements.

This is a hybrid position and days in office will be determined by the hiring manager upon being selected for this role.

Average salary estimate

$155000 / YEARLY (est.)

min

max

$130000K

$180000K

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What You Should Know About Director, Risk Business Partner, Issuing Solutions, Visa

At Visa, we’re all about connecting the world to the latest innovations in payment solutions, and we’re looking for a passionate and skilled Director, Risk Business Partner for Issuing Solutions in San Francisco. Picture yourself playing a pivotal role in our Product and Payment Services Risk organization, where you’ll focus on enhancing risk management capabilities and developing strategies that align with Visa’s overall goals. This isn't just about checks and balances; it's about fostering a culture of proactive risk management throughout the organization. As the Director, you'll lead a team to identify, assess, and monitor potential risks while ensuring that our risk profiles are maintained at optimal levels, especially in all areas related to Issuing Solutions including Pismo. You'll team up with cross-functional partners, including Client Services and Technology, to create best practices in lifecycle risk management. Moreover, your expertise will guide executive management in making informed risk decisions, enabling Visa to continue being an industry leader. Your ability to communicate effectively and foster strong relationships will be key in rolling out essential control programs and ensuring compliance with Visa’s Risk Management Frameworks. You’ll be the catalyst for change, ensuring that our risk management culture evolves alongside our innovative spirit. Are you a change agent who thrives on collaboration? If so, we want you to lead us in shaping the future of payments while protecting Visa’s global enterprise!

Frequently Asked Questions (FAQs) for Director, Risk Business Partner, Issuing Solutions Role at Visa

What are the responsibilities of a Director, Risk Business Partner at Visa?

The Director, Risk Business Partner, Issuing Solutions at Visa has a diverse range of responsibilities that include managing and improving the risk management capability, overseeing the risk profile of Issuing Solutions, and collaborating closely with product teams to enhance risk management practices. This role involves engaging with senior management to communicate key risks, driving compliance with risk programs, and ensuring effective controls are in place to mitigate risks and protect the business.