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SVP, Product Strategy, Visa Direct, Money Movement Solutions - job 1 of 3

Visa Direct’s mission is to put the power of money movement in our clients’ hands. The SVP of Product Strategy role is vital to delivering on that mission and achieving our long-term growth objectives for Visa Direct and money movement. This critical role is Accountable for defining and delivering on the Visa Direct Product Roadmap. Key partners include Visa Direct’s SVP of Technology, Chief Revenue Officer and Head of Network and Operations. Near term priorities include driving our integration journey to defining and prioritizing portfolio-wide product investments and merging all product platforms into a cohesive infrastructure. We seek a transformational leader, with deep payments and product management experience, to lead the growth and expansion of our product portfolio with a focus on developing mature product portfolio management practices. This position will be responsible for fostering the growth of a high performing team of product managers and product architects. This role provides an exciting opportunity to lead a global team to collaborate with cross functional leaders on product innovation initiatives to drive growth.This role reports to the EVP, Head of Commercial and Money Movement Solutions.Responsibilities• Drive a holistic product strategy and roadmap for Visa Direct product portfolio. Lead stakeholder collaboration, product requirements definition, investment planning and use case development efforts.• As a senior vice president of product, you will be responsible for entire product lifecycle of Visa Direct solutions (from ideation to launch), supporting Operational, Risk 1st line, 2nd line oversight, network, compliance, and regulatory reporting functions.• Work closely with engineering teams and architects across multiple regions to ensure the technology solutions meets business goals• Demonstrating deep technical knowledge and expertise in software development, including frameworks, and best practices• Lead assessment of product demand from clients to prioritize product investments, ensure product investments are optimized to meet client needs and drive growth.• Collaborate with the Technology, CRO, Network and Ops, Client Services, and Finance teams to create value for clients by accelerating the definition and delivery of Visa Direct products.• Manage global product requirements intake, partner with partners on requirements definition, prioritization and execution of cross portfolio product deliverables required to meet business objectives of portfolio-wide initiatives.• Create an environment that fosters a continuous focus on customer and market needs. Build buy-in from senior executives and key stakeholders with persuasive, data-driven analysis of customer needs, business value proposition, and revenue opportunity.• Facilitate active engagement with sales and solutions teams on new opportunity assessments including strategic fit, investment requirements and business case development, lead portfolio-wide buy, build, partner analysis.• Ensure consistent execution of product plans that result in on-time and on-budget product delivery.• Develop and grow a high-performing team, with deep payment industry knowledge and expertise, lead, and coach a team of product managers to solve challenging customer and market problems with innovative solutions that will propel Visa’s growth and leadership in payments.• This role is accountable for driving business growth through effective product management. They define and monitor key performance indicators (KPIs) related to product success, such as user engagement, conversion rates, and customer satisfaction. They use these metrics to identify areas for improvement in the overall customer experience.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.Basic Qualifications• 15 or more years of work experience with a Bachelor’s Degree or at least 12 years of work experience with an Advanced degree (e.g. Masters/MBA/ JD/MD) or a minimum of 10 years of work experience with a PhD• Engineering or bachelor’s degree in business administration, Finance, Operations, or a related field. MBA degree preferred.• Proven experience in a similar product leadership role within the financial services industry, preferably in money movement, payments, or related domains.• Strong understanding of money movement products and technologies, including B2B connect, Visa Direct, and Currency Cloud.• Exceptional leadership skills, with the ability to inspire and motivate cross-functional teams.• Excellent analytical and problem-solving abilities, with a track record of driving process improvements.• In-depth knowledge of risk and compliance practices within the financial services industry.• Strong communication and presentation skills, with the ability to effectively communicate complex ideas to both technical and non-technical stakeholders.• Ability to thrive in a fast-paced, dynamic environment, managing multiple priorities and stakeholders simultaneously.• Collaborative mindset, with a strong focus on building relationships and driving cross-functional collaboration across different regions.Preferred Qualifications• 18 or more years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD, PhD)Work Hours: Varies upon the needs of the department.Travel Requirements: This position requires travel 5-10% 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 300,000 to 450,000 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.

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What You Should Know About SVP, Product Strategy, Visa Direct, Money Movement Solutions, Visa

Are you ready to make a significant impact in the world of money movement? Visa Direct is on the lookout for a dynamic SVP of Product Strategy to lead the charge in shaping our product roadmap and driving growth for Visa's payment solutions. In this pivotal role based in San Francisco, CA, you'll work closely with cross-functional leaders, including our SVP of Technology and Chief Revenue Officer, to ensure our innovative offerings meet client needs. Your leadership will inspire a high-performing team of product managers and architects, guiding them to navigate the intricate product lifecycle from ideation to launch. We're excited to see you use your deep understanding of financial services and payments to foster collaboration and create value for our clients. The ideal candidate should bring 15+ years of experience and a track record in product management, specifically in the financial sector. This is a fantastic opportunity to influence the evolution of Visa Direct, ensuring we remain a frontrunner in the payments landscape. Plus, let's not forget the hybrid work environment, allowing for a balance of office and remote work. Join us in our mission to empower clients and transform the money movement experience!

Frequently Asked Questions (FAQs) for SVP, Product Strategy, Visa Direct, Money Movement Solutions Role at Visa
What are the primary responsibilities of the SVP of Product Strategy at Visa Direct?

The SVP of Product Strategy at Visa Direct is accountable for defining and delivering the product roadmap. This involves collaborating with key partners, driving product lifecycle management, and leading a high-performing team to optimize product investments in response to client demands and market opportunities.

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What qualifications are necessary for the SVP of Product Strategy role at Visa Direct?

Candidates for the SVP of Product Strategy position should possess at least 15 years of work experience in product management within the financial services industry, ideally focusing on money movement and payment systems. An advanced degree is preferred, alongside proven leadership skills and a robust understanding of risk and compliance practices.

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How does the SVP of Product Strategy at Visa Direct collaborate with other teams?

This role requires seamless collaboration with engineering teams, client services, and finance to ensure that product requirements are met effectively. The SVP also engages actively with sales teams for new opportunities and assesses strategic fits to drive portfolio growth.

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What kind of impact does the SVP of Product Strategy have on Visa Direct's growth?

As the SVP of Product Strategy, you will spearhead the development of a cohesive product portfolio, setting the stage for significant business growth. Your leadership will ensure that customer needs are met proactively and that Visa Direct maintains its competitive edge in the marketplace.

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What is the work environment like for the SVP of Product Strategy position at Visa Direct?

Visa Direct offers a hybrid work environment for this role, allowing for a blend of remote and on-site work. Employees are generally expected to be in the office 50% of the time, promoting flexibility while ensuring effective collaboration and engagement with teams.

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Common Interview Questions for SVP, Product Strategy, Visa Direct, Money Movement Solutions
Can you describe your experience with product strategy in the financial services industry?

Highlight specific roles where you've led product strategy, focusing on how you defined and executed product roadmaps. Sharing measurable successes will effectively showcase your capabilities.

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How do you prioritize product investments based on client needs?

Discuss your approach to gathering client feedback and market data. Mention any frameworks you use to assess and prioritize opportunities that align with strategic objectives.

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What methods do you use to inspire and lead a product management team?

Share examples of how you foster collaboration and innovation within your team. Emphasize the importance of mentorship and creating an environment where team members feel empowered to contribute.

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Can you discuss your familiarity with risk and compliance practices?

Provide insight into how you've navigated these challenges in previous roles. Mention specific regulations you've worked with and how you've ensured compliance in product development.

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What is your approach to driving cross-functional collaboration?

Explain your methods for building relationships across different departments, ensuring that all stakeholders are engaged. Share scenarios where collaboration led to successful outcomes.

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How do you measure product success?

Discuss the key performance indicators (KPIs) you monitor, such as user engagement and customer satisfaction. Talk about how you utilize these metrics to guide improvements and inform strategy.

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What are your strategies for keeping up with market trends in payments?

Mention resources like industry reports, networking events, and thought leadership opportunities that you leverage to stay informed. Explain how you integrate these insights into your product strategy.

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Describe a successful product launch you led.

Provide a clear overview of the product, your role in the launch, and the impact it had on the business. Include metrics that illustrate its success to give a quantitative perspective.

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How do you handle feedback and criticism from stakeholders?

Talk about your openness to feedback and how you incorporate it into your work. Share an example where constructive criticism led to improved outcomes.

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What innovations do you envision for the future of Visa Direct?

Discuss trends you see shaping the future, like advancements in digital payment solutions or AI in financial services. Share your vision for how Visa Direct can lead in these areas.

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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 13, 2024

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