Regulatory Risk Manager

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 Life at Visa.

Join a diverse team at Visa, where your individuality fits right in. We can provide the opportunity to shape the payments experience globally.

Job Description

Our mission is to connect the world through the most innovative, reliable and secure digital payment network that enables individuals, businesses and economies to thrive.

Individuality fuels our brand and our global team. We are proud that we are a talented team of 15,000 individuals with unique backgrounds, perspectives and experiences. Therefore, we understand that you are much more than your day job. We encourage quality of life outside of the office, whether it is taking advantage of agile work schedules or our wellness programs, Visa respects and encourages meaningful work-life balance for everyone. In addition, we offer market leading salary and have a fantastic benefits offering.

So, if you are not satisfied with the status quo, we can satisfy your desire to explore new territory, giving you the runway to really make an impact, whilst connecting you with teams around the world in a truly inclusive culture that celebrates our uniqueness.

If you think you could support Visa as a Supervisory Risk Manager, we want to hear from you.

What is it all about?

Visa identifies and measures risk and develops strategies to manage and monitor the risk and aid achievement of business objectives. The Supervisory Risk team protects Visa by effectively managing supervisory relationships to deliver Supervisory Priorities, ensure appropriate risk governance oversight, and identify changes in regulatory environment to address as appropriate. The Supervisory Risk team supports Visas growth by ensuring strategic initiatives consider regulatory requirements.

As the Supervisory Risk Manager you will be responsible for maintaining the relationship with across all three of our Supervisors at the Bank of England, European Central Bank and the Dutch National Bank while also supporting the other Visa function in their interactions with other European regulators.

This role will also engage with senior stakeholders internally to coordinate responses to regulatory requests and supervisory priorities.

What we expect of you, day to day

• Support primary regular engagement with the European Central Bank (ECB) and Dutch National Bank (DNB) whilst providing support with relationship with the Bank of England (BoE).
• Responsible for supporting the design, development and the implementation of processes to drive Visas regulatory deliverables including
  • Supervisory Priorities outlined by the BoE in the Annual Risk Review (ARR) letter and the ECB’s annual priority letter
  • Annual assessment and subsequent recommendations of the Principles of Financial Market Infrastructure (PFMI) and the oversight framework for electronic payment instruments, schemes and arrangements (PISA)
  • Biannual Regulatory College
  • Annual Financial Stability Board (FSB) Continuity of Access for Firms in Resolution Questionnaire
  • Supervisory thematic reviews and information requests.
• Oversee the development of briefing packs for C-suite executives prior to their regular supervisory meetings with the ECB and BoE.
• Ensure timely and appropriate responses are provided to all external regulatory requests
• Monitor Incident Reporting to provide updates to the BoE, ECB and National Bank of Poland as mandated by the regulators
• Support horizon scanning of the regulator landscape to develop and maintain knowledge of current and prospective regulatory framework affecting Visa in Europe
• Apply subject matter expertise to advise senior management of emerging regulatory risks, challenging where necessary and propose mitigation strategies including NBIA
• Contribute to defining the strategy, oversight and delivery of business education on regulatory policy requirements
• Building strong relationships and work collaboratively with other departments in Risk Europe and Global Risk to
  • Deliver the Risk Europe strategy
  • Support delivery of the Global Risk strategy
  • Optimise efficiencies
  • Deliver appropriate consistency in risk management
  • Deliver key projects and initiatives
• Using management information, metrics and analysis to inform business decision-making and to measure progress against goals and desirable outcomes
• Supporting, training and sharing expertise with other colleagues in VEL and globally
• Contributing to a best in class Function and Department recognised across VEL and globally as
  • Experts in their field
  • Professional and business-aware
  • Proactive and solutions-focused
  • Constructive and proportionate in their challenge
  • Approachable and collaborative
• By word and deed, being part of the Risk Europe culture

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

Qualifications

Knowledge and Experience:

• Strong understanding of the Regulatory environment and expectations
• Experienced in dealing with regulators and good understanding of governance processes
• Proven ability to build credible-long term effective working relationships, both internally and externally
• Experienced in preparing, reviewing, delivering regulatory and executive communications, both written and oral
• Ability to review regulatory reporting and assess quality of responses, raise areas of concern and identify inconsistency across reporting
• Ability to perform under pressure to deliver ad-hoc regulatory deliverables with tight turnaround times.
• Knowledge, understanding and experience of risk management practices in financial services
• Knowledge of the UK and wider European payments and or financial services industry and the major trends affecting key stakeholders, including the regulatory, political and market environment, payment products and services, economic and competitive landscape, technology and the rising threat of data breaches
• Control and or corporate functional experience (Finance, Risk and Regulatory, Legal, Compliance)

Personal characteristics - A trusted adviser who:

• Provides effective constructive and business-aware challenge
• Consults, as appropriate, on key risk management initiatives
• Is regarded as an expert in their field and an agent for change
• Proven ability to collaborate and influence successfully within a matrix organization.
• Intellectual rigour and business acumen needed to make sound judgements and handle complex situations and information
• A strong team player with the ability to organise and mobilise colleagues, and build and maintain effective partnerships across the organisation
• A questioning mind that proactively looks for pragmatic and innovative approaches to issues
• A results-orientated and highly-motivated person who functions well in a global, matrix organisation
• Highly collaborative with strong interpersonal skills, including influencing and stakeholder management
• Takes full ownership of assigned responsibilities, and driven to go beyond the minimum requirements
• The ability to coach and give effective development feedback to colleagues
• Fluent in English (verbal and written)
• Proficient with Microsoft Power Point, Excel, Word and Outlook

Additional Information

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.