Job details

Director, Risk Governance - Third Party Lifecycle Management - job 35 of 44

Get a free resume review

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

$140000 / YEARLY (est.)

min

max

$120000K

$160000K

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, Risk Governance - Third Party Lifecycle Management, Visa

The role of Director, Risk Governance - Third Party Lifecycle Management at Visa in Austin is an exciting opportunity for experienced leaders looking to make a significant impact on the company’s risk management landscape. As part of the Third-Party Lifecycle Management Program (TLMP) team, you’ll be expertly navigating the governance and oversight of third-party risk across the comprehensive lifecycle of these relationships. Your primary mission will be to serve as the key contact for client and stakeholder inquiries, which means clear communication, strategic problem-solving, and relationship building are right at the forefront of your responsibilities. You’ll spearhead the management of non-supplier third-party relationships, overseeing contractual reviews, and implementing process improvements to heighten efficiency. Leading exit strategies and managing the Risk Control Self-Assessment process will also fall under your purview, along with mentorship to team members to foster a positive and collaborative work atmosphere. This is a pivotal position, directly reporting to the Senior Director of Strategy and Governance for TLMP, where your insights will align closely with Visa's corporate objectives, and your analytical skills will help maintain high-quality reporting standards. At Visa, we value a curious mindset, especially in payments and Fintech, and we're looking for someone who is driven by results and committed to client-focused approaches. If this sounds like you, and you're ready to be part of an innovative, hybrid working environment, we encourage you to explore this opportunity further!

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 the governance and oversight of third-party risks, managing client inquiries, handling non-supplier third-party relationships, and implementing process improvements for risk management activities. Key tasks also include leading exit strategies and overseeing the Risk Control Self-Assessment process.