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Director, Risk Governance - Third Party Lifecycle Management - job 42 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

$150000 / YEARLY (est.)

min

max

$120000K

$180000K

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

The Director, Risk Governance - Third Party Lifecycle Management at Visa is a pivotal role designed for an experienced professional ready to make a significant impact in the realm of third-party risk management. Located in the vibrant city of Austin, this full-time position is all about ensuring Visa’s Third-Party Lifecycle Management Program (TLMP) effectively oversees the risk associated with non-supplier relationships. As the primary point of contact for client inquiries, you’ll be engaging with various stakeholders, helping to develop and enhance processes while ensuring compliance with organizational policies. Your responsibilities will be vast and varied, from overseeing contractual reviews to implementing innovative strategies that elevate efficiency within the team. The Director will also spearhead the Risk Control Self-Assessment process and manage the intricacies of reporting and analytics to ensure accurate risk management data. Promoting a culture of mentorship and inclusivity within your team will be crucial, as well as collaborating with stakeholders across the organization to align with Visa’s corporate objectives. If you're someone with a passion for payments and Fintech, and you thrive in a client-focused, results-driven environment, this unique opportunity is for you. Join Visa and be at the forefront of enhancing third-party risk governance while shaping the future of the payment industry in a hybrid work setting, engaging with colleagues in the office three days a week.

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

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

As a Director, Risk Governance - Third Party Lifecycle Management at Visa, your primary responsibilities will include managing the oversight of Visa’s third-party risk, handling client and stakeholder inquiries, and developing strategic approaches to non-supplier relationships. Additionally, you will lead exit strategies, oversee the Risk Control Self-Assessment process, and maintain quality control of reporting and analytics. Your role will be critical in enhancing processes and ensuring compliance with organizational policies.