Reporting to the Head of Risk for South Cone, this role will be entrusted with a broad portfolio of responsibilities including Strategic Risk Management, Ecosystem Risk (Fraud & Data Security) for South Cone. The role involves participation in initiatives throughout both the South Cone Region & Latin America and the Caribbean.
The successful candidate must also collaborate effectively with the in-market Leadership Team and hub / global functions including Global Product & Solutions, Government Affairs, Client Services and Merchant Solutions & Acquiring among others.
This role will develop security priorities and execute strategies to prevent fraud, enhance user authentication, safeguard sensitive data, identify and respond to data breaches and prevent the misuse of the payment system for unlawful purposes. This role will also be responsible for representing Visa s Credit Settlement Risk policy to protect Visa against financial loss in the case of a failure of an issuing or acquiring bank. There will be opportunities for the individual to consult with our clients in South Cone to mitigate risks and innovate responsibly.
Key responsibilities include:
Develop and execute a comprehensive risk plan that is consistent with local market landscape, market priorities and global risk strategy:
- As a member of the in-market leadership team, serve as a trusted and strategic advisor to the Country Manager on all risk issues
- Execute both internal and external risk management programs
- Lead client forums (security summit, Risk Executive Councils, working groups, etc.)
- Promote and support client adoption of Visa risk products / solutions / initiatives
- Contribute to achieve a correct balance between authorization and fraud rate
Manage relationships with issuers, acquirers, merchants, payment processors, service providers, regulators to:
- Identify opportunities to enhance the payment ecosystem and advance risk management best practice
- Develop constructive relationships with local market regulators
- Resolve fraud & data breach events
- Provide stakeholder training
Lead the responsible innovation initiative with Visa s clients to mitigate risks and embrace new technology improvements:
- Assess emerging/innovation risks and new business models
- Conduct Risk Assessment for new players and initiatives at the regional level.
- Leverage local insights to contribute to Risk thought leadership
- Guide clients through payment innovation complexity
Prepare reports, briefings and other written products to update executive management on risk activities, issues and opportunities:
- Convey risk-related trends and developments to local country manager and leadership team through regular reporting
- Synthesize marketplace feedback regarding the effectiveness of Visa s risk management strategy and programs, benchmark Visa s performance relative to other payment networks and participants
- Guide Visa s proactive risk communications and collaboration across all of these stakeholders so as to advance the safety, security and long-term growth of the Visa payment system
Why this is important to Visa:
- As a key member of the market leadership team, this role will advise the Country Manager, the market executive team and hub as well as global functional leads on strategies related to complex operational, financial, legal, and regulatory risk exposures.
- In addition to overseeing Strategic Risk Management, the Risk Manager will be responsible for maintaining the integrity of the payments ecosystem which includes issuing and acquiring card companies, merchants, cardholders, and service providers such as processors, device manufacturers, and payment gateways.
- Importantly, the Risk Manager will play an important role in shaping Visa s enterprise and operational risk strategies during a period of rapid innovation in the payments industry. The individual will be a catalyst for transforming Visa s risk strategy and solutions for issuers, acquirers and merchants, with the end goal of championing payments security and forging deeper client relationships.
This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.