Regulatory Risk Manager

About Us

Visa is a world leader in payments technology, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories, dedicated to uplifting everyone, everywhere by being the best way to pay and be paid.

At Visa, you'll have the opportunity to create impact at scale — tackling meaningful challenges, growing your skills and seeing your contributions impact lives around the world.

Join Visa and do work that matters – to you, to your community, and to the world. Progress starts with you.

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 our Supervisors at the Bank of England while also supporting the other Visa functions in their interactions with other UK and 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 Bank of England (BoE) whilst providing support with relationship with the Visa Europe’s other supervising regulators.
• Responsible for supporting the design, development and the implementation of processes to drive Visa’s regulatory deliverables including:
• Supervisory Priorities outlined by the BoE in the Periodic Risk Review (PRR) letter
• Annual assessment and subsequent recommendations of the Principles of Financial Market Infrastructure (PFMI)
• Biannual Regulatory College
• Financial Stability Board (FSB) Continuity of Access for Firms in Resolution Questionnaire
• Supervisory thematic reviews and information requests, including assessing materiality of proposed business changes to assess the required regulatory engagement.
• Oversee the development of briefing packs for C-suite executives prior to their regular supervisory meetings with the 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 Product Risk Review (PRR).
• 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

Visa requires at least 3 days in office, expectations of these days will be confirmed by your Hiring Manager.

Qualifications

Basic Qualifications:

• 5 or more years of relevant work experience with a Bachelor's Degree or at least 2 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 0 years of work experience with a PhD

Preferred Qualifications: