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Director, Risk Governance - Third Party Lifecycle Management - job 32 of 44

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The Third-Party Lifecycle Management Program (TLMP) team is a second line of defense Third Party Risk Management team operating as part of the Corporate Risk function. TLMP handles governance and oversight of Visas third-party risk and is responsible for assessing the effectiveness of the controls in place to identify, monitor, and manage Visas third-party risk throughout the third party's lifecycle with Visa.

What a Director, Risk Governance - Third Party Lifecycle Management is responsible for:

This is a fulltime position at Visa for Visas Third-Party Lifecycle Management team. The Director of the Second Line Risk Function at Visa will serve as the primary contact for TLMP client and stakeholder inquiries, ensuring timely, comprehensive responses and maintaining strong relationships through effective communication and strategic problem-solving. The role involves developing and overseeing the approach to non-supplier third-party relationships, managing contractual reviews, and implementing process enhancements to improve efficiency and effectiveness. The Director will also lead exit strategies for third-party relationships, oversee the Risk Control Self-Assessment (RCSA) process, and ensure the quality control of TLMP reporting and analytics. Additionally, the role includes mentoring and developing team members, fostering a positive and inclusive work environment, and collaborating with various stakeholders to align with corporate objectives.

This position reports to the Senior Director of Strategy and Governance for Third-Party Lifecycle Management and will be based in Atlanta Miami Austin.

Key responsibilities include:

Other Third Party (OTP) Portfolio Management and Oversight:

Develop TLMPS approach to non-supplier relationships to have better 2nd line oversight over these relationships at Visa i.e. OTPs, reseller agreements, referrals, partnerships, strategic alliances, sponsorships, technology partners, etc. Socialize approach with key stakeholders including business product teams to ensure alignment with TLMPS corporate wire playbook on OTPs Oversee the OTP portfolio, ensuring compliance with department and organizational policies and risk management frameworks

Stakeholder Client Inquiries:

Serve as the primary contact for TLMP client stakeholder inquiries, ensuring timely and comprehensive responses that are aligned with program policy, procedures and key objectives Develop and maintain strong TLMP stakeholder relationships internal and external through effective communication and strategic problem solving

Process Enhancements Internal and External:

Identify and implement process enhancements to improve efficiency and effectiveness of third-party risk management activities Collaborate with internal and external stakeholders to optimize workflows and integrate best practices in risk management

Exit Planning and Outsourcing Lead:

Develop and implement exit strategies for third-party relationships, ensuring smooth transitions and risk mitigation Lead outsourcing initiatives, ensuring alignment with department and organizational goals and compliance requirements

Reporting and Analytics:

Oversee the quality control of TLMP reporting and analytics, ensuring accuracy and reliability of risk management source data Develop and maintain dashboards and reports to support decision-making and risk assessment

Why this is important to Visa - As the Director, Risk Governance - Third Party Lifecycle Management, this role plays a crucial part in the strategy and regulatory alignment of the TLMP’s program. We are looking for an experienced individual with a curiosity about payments and Fintech, who is results-driven, and client focused.

This is a Hybrid position with expectations to be in an office 3 days per week.

Average salary estimate

$175000 / YEARLY (est.)

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$150000K

$200000K

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What You Should Know About Director, Risk Governance - Third Party Lifecycle Management, Visa

At Visa, we are excited to announce an opportunity for a Director, Risk Governance - Third Party Lifecycle Management to join our Third-Party Lifecycle Management Program (TLMP) team in Austin! This pivotal role is within our Corporate Risk function, acting as a second line of defense for third-party risk management. The ideal candidate will take charge of improving our governance and oversight processes of Visa's third-party relationships, ensuring that we effectively identify, monitor, and manage these risks throughout their lifecycle. You will be the go-to person for all TLMP client and stakeholder inquiries, maintaining solid relationships through strategic communication and problem-solving techniques. Moreover, your analytical mindset will guide you in overseeing contractual reviews, implementing process enhancements, and leading the Risk Control Self-Assessment (RCSA) process. You'll also be mentoring team members, contributing to a positive workplace culture while collaborating with various stakeholders to meet corporate objectives. This full-time hybrid position requires you to be present in the office three days per week, striking the perfect balance between teamwork and flexibility. If you're someone with a strong curiosity about payments and fintech, a results-driven personality, and a client-focused mindset, we’d love to see how you can enhance the effectiveness of TLMP at Visa.

Frequently Asked Questions (FAQs) for Director, Risk Governance - Third Party Lifecycle Management Role at Visa

What are the primary responsibilities of the Director, Risk Governance - Third Party Lifecycle Management at Visa?

The Director, Risk Governance - Third Party Lifecycle Management at Visa is responsible for overseeing third-party relationships, managing client inquiries, implementing process enhancements, developing exit strategies, and ensuring the quality of TLMP reporting and analytics. This role is crucial for maintaining compliance with organizational policies and aligning with corporate risk management frameworks.