Director, Risk Business Partner, Issuing Solutions - job 22 of 46

The Director, Risk Business Partner for Issuing Solutions at Visa plays a crucial role in managing and improving risk management capabilities. The responsibilities include overseeing Issuing Solutions risk profile, collaborating with product teams to enhance risk management practices, leading a direct report, aggregating and communicating risks to senior leadership, and providing constructive challenges to first line functions to ensure effective risk mitigation.

The Director, Risk Business Partner at Visa collaborates extensively with various cross-functional teams, including Client Services, Finance, Legal, and Technology. This role is essential in fostering partnerships that enhance Lifecycle Risk Management Practices, drive compliance with key risk programs, and ensure that risk management strategies are effectively integrated into all business operations.

To qualify for the Director, Risk Business Partner position at Visa, candidates should have a deep understanding of the payments industry, practical experience in risk assessment, and demonstrated leadership skills. A strategic mindset, strong analytical abilities, and experience in enhancing risk management frameworks are crucial, along with a proven track record of effective collaboration within geographically diverse teams.

The Director, Risk Business Partner at Visa is responsible for driving compliance with critical risk management programs, including New Business Initiative Assessments (NBIA), Risk and Control Self-Assessments (RCSA), Technology Lifecycle Management Processes (TLMP), Model Risk Management (MRM), and Visa Data Analytics (ViDA). The role ensures these initiatives are rigorously followed to maintain and improve risk management standards.

The expected outcomes for the Director, Risk Business Partner at Visa include the establishment of a mature risk management capability within Issuing Solutions, effective communication of risk profiles to senior management, and the successful implementation of risk mitigation strategies. Additionally, the role aims to cultivate a robust risk management culture across teams, enhancing overall organizational resilience.

When answering this question, highlight your familiarity with various risk management frameworks, such as the Risk Management Framework at Visa. Discuss specific examples where you've applied these frameworks to identify and mitigate risks within your teams or organization, detailing the impact these initiatives had.

For this question, describe your approach to risk prioritization by using both quantitative metrics and qualitative assessments. Illustrate how you evaluate potential risks based on their impact on business objectives and how you communicate these priorities to senior management and cross-functional teams.

When discussing strategies for cultivating a risk-aware culture, emphasize the importance of education and collaboration. Explain how you develop training programs, initiate regular communication about risks, and involve all levels of staff in risk management decisions to embed these practices within the organization's fabric.

In answering this question, illustrate your proficiency with data analytics tools and techniques. Share examples of how you have utilized data to identify risk themes, predict potential issues, and enhance reporting processes, thereby informed decision-making for risk mitigation.

Discuss your approach to conflict resolution, focusing on communication and negotiation skills. Provide an example of a situation where you engaged stakeholders to reach a consensus on risk mitigation strategies, highlighting your ability to listen, suggest compromises, and ultimately drive the project forward.

For this question, prepare a detailed narrative of a specific risk management initiative you spearheaded. Discuss your role, the strategies implemented, the challenges faced, and the results achieved, emphasizing how it contributed to the overall risk posture of the organization.

In your response, list the specific tools and technologies you have experience with, such as risk management software or data visualization tools. Describe how you use these tools to streamline the monitoring process and improve the accuracy and effectiveness of risk assessments.

Emphasize your systematic approach to compliance by mentioning specific regulations relevant to the payments industry. Discuss how you stay updated with regulatory changes and implement policies and controls to ensure adherence across the organization, including how you monitor compliance efforts.

Highlight the critical nature of communication in risk management. Discuss how you effectively convey complex risk information to various stakeholders, emphasizing the importance of clarity and transparency in fostering understanding and collaboration throughout the organization.

When answering this question, explain your comprehensive assessment approach, which includes collaboration with initiative owners and stakeholders. Detail how you conduct thorough analyses of potential risks and ensure that appropriate controls are integrated from the outset of any new business initiative.