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Director, Business Development Executive

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in 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 while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience #LifeatVisa.

Job Description

The Co-brand business development team forms a critical part of the NA Co-brand team, as part of the Enabler, Merchant and Fintech (EMF) team.

Our team’s mission is to win new co-brand business in the US and Canada. The team is engaged across multiple functions within the Visa US organization to bring the very best of Visa’s expertise and assets to our clients, earning well-qualified wins to drive revenue growth while building trust and growing engagement and satisfaction among teammates, partners and clients.

The Director, Co-Brand and Partnership Development is responsible for leading and executing a Co-brand and broader partnership development strategy for one of the key verticals on the team.  This role requires leadership, vision and creativity to develop the Co-brand strategy, drive the expansion of Visa products and solutions, and lead the overall commercialization of Visa’s business development objectives.

This role will report directly to the Senior Director, Head of North American Co-Brand Business Development This role will collaborate with key executive leadership from functions across Visa such as EMF sales leaders, issuer account leaders, marketing, technology, customer support, and product teams. Externally, this role will collaborate with senior executives at merchants, issuers and consultants.

Key Responsibilities:

  • Lead business development and own P&L for high priority co-brand opportunities in North America including renewals, net new opportunities, and takeaway engagements.
  • Develop and manage the US Co-brand sales pipeline including prospect prioritization, sales strategy and cross functional collaboration for a designated industry vertical
  • Drive pitch and proposal development and lead external discussions and negotiations with the client to secure new business.
  • Drive cross-functional discussions with the relevant stakeholders to construct Visa’s value story and lead internal alignment.
  • Lead strategic initiatives that define Visa’s long-term approach and demonstrate thought leadership to our partners.
  • Serve as internal and external thought leader responsible for communicating Visa's Co-brand and partnership vision, strategy and perspective within a rapidly evolving industry.

This position can be located at any Visa office.

 

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 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Basic Qualifications:

  • 10 or more years of work experience with a Bachelor’s Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD


Preferred Qualifications:

  • 12 or more years of work experience with a Bachelor’s Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6+ years of work experience with a PhD
  • Payments industry experience with a strong partnership focus.
  • Co-brand issuer and/or merchant experience managing a co brand portfolio P&L.
  • Fluent in co-brand business development and/or program management best practices along with implications for issuers, networks and merchants.
  • Business Development and Partnerships Experience – Proven depth of experience in driving client growth and winning new business.
  • Experience selling ideas and solutions to senior management based on client priorities and needs. Proven ability to manage a pipeline, structure a deal, negotiate business agreements and drive commercial results.
  • Collaboration and Relationship Building – Demonstrated experience building
    and leveraging strong relationships within Visa and client organizations at
    multiple levels.
  • Exceptional Leadership – Strong executive presence and experience leading
    cross-functional teams to promote a shared vision and deliver as a single
    team. Inclusive leader invested in developing and growing talent.
  • Excellent Communicator – Superb ability to influence and collaborate at all
    levels. Ability to articulate strategic concepts through exceptional written and
    verbal communication skills.
  • Drive for Results – Strong project management skills with ability to deliver
    tangible business results.
  • Proactive/Self Starter – Willing and able to take on new challenges and able to work through ambiguity.
  • Strong Strategic thinker – Ability to challenge the status quo and drive
    transformational ideas from conceptualization to implementation.
  • Dynamic and flexible – Able to juggle numerous responsibilities simultaneously with swift turnaround times. Able to work across multiple time zones when required.
  • Analytical – ability to clarify assessment needs and perform rigorous analysis to support project objectives.

Additional Information

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel 30% of the time.

Mental/Physical Requirements: This position will be performed in an office setting.  The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

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.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 169,100 to 245,400 USD per year, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.

Average salary estimate

$207250 / YEARLY (est.)
min
max
$169100K
$245400K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director, Business Development Executive, Visa

Join Visa as a Director, Business Development Executive in New York, NY, where you get to blend leadership with creativity to drive the company's co-brand business strategy. As a vital member of our Co-brand business development team, you’ll lead important initiatives to secure new partnerships across the US and Canada. Your role involves collaborating with various departments, including sales, marketing, and product teams, to leverage Visa's extensive resources to forge successful co-brand deals. You'll take the reins on a high-priority P&L, guiding the exploration of renewals and new opportunities while forging meaningful relationships with clients and stakeholders alike. Picture yourself leading pitch discussions and strategic initiatives that highlight Visa’s values and vision within a dynamic industry landscape. Your experience in the payments sector will help shape our approach as you navigate through complex negotiations and provide valuable insights to senior executives at partner firms. If you’re passionate about driving revenue growth, building trust, and encouraging employee engagement, this hybrid role at Visa could be your next big adventure. We're looking for someone who can thrive under the pressures of the fast-paced business world while remaining an inclusive leader invested in developing talent and promoting a shared vision. With Visa, the opportunities are limitless!

Frequently Asked Questions (FAQs) for Director, Business Development Executive Role at Visa
What are the key responsibilities of a Director, Business Development Executive at Visa?

As a Director, Business Development Executive at Visa, you will lead the business development efforts for high-priority co-brand opportunities in North America. This includes managing the sales pipeline, driving proposal development, and negotiating with clients to secure new partnerships. You will also be responsible for collaborating with internal stakeholders to construct Visa's value propositions and serving as a thought leader in the co-brand and partnership space.

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What qualifications are preferred for the Director, Business Development Executive position at Visa?

Preferred qualifications for the Director, Business Development Executive at Visa include a minimum of 12 years of work experience with a Bachelor’s Degree or 8-10 years with an Advanced Degree. More specifically, candidates should have strong background in the payments industry, experience managing co-brand portfolios, and proven track record in driving client growth and winning new business.

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What skills are essential for success as a Director, Business Development Executive at Visa?

Success as a Director, Business Development Executive at Visa depends on several key skills, including exceptional communication abilities, strategic thinking, and strong project management skills. Candidates should also demonstrate a proactive attitude, the capability to build strong relationships, and a knack for influencing at multiple levels within clients and at Visa.

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How does the Director, Business Development Executive role interact with other departments at Visa?

The Director, Business Development Executive role at Visa requires robust collaboration with various teams such as EMF sales leaders, issuer account managers, marketing, technology, customer support, and product teams. This cross-functional collaboration is vital for crafting effective business development strategies and ensuring that Visa's offerings meet client needs.

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What does the work environment look like for a Director, Business Development Executive at Visa?

The work environment for a Director, Business Development Executive at Visa is hybrid, allowing a mix of remote and in-office work. Employees are expected to work from the office 2-3 days a week based on business needs. The role requires occasional travel (about 30% of the time), and candidates should be comfortable working across multiple time zones when necessary.

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Common Interview Questions for Director, Business Development Executive
Can you explain your experience in managing a co-brand portfolio?

In my previous roles, I was responsible for overseeing the entire lifecycle of co-brand partnerships, focusing on optimizations for profitability and client satisfaction. My approach included data-driven analysis of performance metrics and consistent communication with partners to ensure alignment with objectives.

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How do you prioritize prospects in a sales pipeline?

I prioritize prospects based on a combination of factors, including potential revenue impact, alignment with our strategic goals, and the likelihood of successful engagement. I regularly assess market trends and conduct competitor analysis to inform prioritization decisions.

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What leadership style do you adopt when managing cross-functional teams?

I adopt a collaborative leadership style, emphasizing open communication and inclusivity. I strive to empower team members by involving them in decision-making processes and encouraging feedback to foster a sense of ownership and commitment to our shared goals.

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How would you handle negotiations with a challenging client?

In negotiations with challenging clients, I focus on active listening to understand their needs and concerns. My strategy involves finding common ground and offering creative solutions that meet both parties’ interests while remaining aligned with Visa's objectives.

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Describe a successful business development initiative you led.

One notable initiative I led involved the development of a co-brand program that generated a significant revenue increase by analyzing consumer behavior and tailoring our offerings. By working closely with marketing and analytics teams, we crafted a comprehensive strategy that resonated well with our target demographic.

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What strategies do you employ for building relationships with stakeholders?

I prioritize relationship-building through transparency and consistent communication. I regularly engage with stakeholders, provide updates, and solicit feedback to maintain a healthy dialogue that fosters trust and collaboration.

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In your opinion, what is the most important aspect of driving client growth?

The most important aspect is understanding client needs deeply and aligning our solutions effectively with those needs. Regular engagement, data analysis, and feedback loops are crucial to identify how we can add value and drive their growth.

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How do you stay updated with industry trends and developments?

I stay updated with industry trends through a combination of networking, attending conferences, and engaging with thought leaders on professional platforms. Additionally, I subscribe to industry publications and participate in webinars that address emerging topics in payments and co-brand partnerships.

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What is your approach to strategic planning for partnerships?

My approach to strategic planning involves assessing both market opportunities and internal capabilities, aligning with our overall business objectives. I ensure we outline clear goals, KPIs, and timelines, and regularly adjust our strategies based on performance insights and feedback.

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How do you ensure alignment among diverse teams when working on a co-brand initiative?

To ensure alignment among diverse teams, I initiate regular cross-departmental meetings that foster open communication and collaboration on project goals. By sharing insights and updates, we can maintain focus and work towards a common objective, while also addressing any challenges proactively.

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Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entiti...

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Full-time, hybrid
DATE POSTED
December 4, 2024

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