Director – North America Credit Settlement Risk Management

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.

Job Description

The primary responsibility of the Director is to conduct fundamental credit research on the most complex clients in support of Visa’s North American Credit Settlement Portfolio (CSR). The Director will be responsible for protecting Visa from settlement losses by ensuring settlement risk issues are appropriately identified and mitigated. 

What a Director, Credit Settlement Risk does at Visa:

• Provide exceptional credit assessments for the most complex banks, fintechs, and corporates. This will involve leveraging advanced analytical techniques with a deep understand of financial markets.  
• Help lead Visa’s key market initiatives and ensure that proper processes are in place to support credit due diligence and ongoing monitoring.
• Provide innovative solutions to help manage the credit risk for Fintech BIN Sponsors
• Expected to lead cross-functional and cross-regional projects by contributing and providing appropriate advice from a credit perspective.
• Collaborate with Global Credit Settlement Risk and Account Executives across the organization to understand new complex payment flows and recommend appropriate mitigating measures and new collateral options to manage the credit risks.
• Initiate and provide ideas in automating and enhancing risk management tools for effective ongoing monitoring and timely response to market shifts, especially for fintechs.
• Provide proactive insights related to scenario stress testing to effectively manage the settlement risks of the U.S. and Canadian Portfolios.
• Ensure Credit Risk Policy and Procedures are adhered to when assessing new clients and renewals of existing clients.
• Lead complex projects and meetings, deliver presentations and be able to interact with all levels of Visa management as well as our clients.

The Director will report directly to the Vice President, Credit Settlement Risk North America.   

What the Role Includes:

We are looking for an experienced individual with a curiosity about payments and fintechs and corporates, who is purposeful, and client-focused.  The successful candidate will have exceptional counterparty credit skills and a deep understanding of the financial markets and payment ecosystems.  Specifically, he/she will: 

• Co-manage credit relationships for both the U.S. and Canadian financial markets, corporates, and fintechs.      
• Manage, actively engage and work closely with both internal and external stakeholders to develop strategies that support business growth while addressing risk concerns.
• Actively manage client relationships from a credit perspective including frequent discussions with C-Suite executives of our clients.      
• Anticipate client defaults (as far as possible) to help minimize risk exposure to Visa.
• Evaluate and manage global credit relationships for large financial institutions, Corporates and fintechs.     
• Minimal travel is required

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

Qualifications

Basic Qualifications:

• 10 or more years of work experience with a Bachelor’s Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD

Preferred Qualifications:

• 12 or more years of work experience with a Bachelor’s Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6+ years of work experience with a PhD
• Bachelor’s in finance or equivalent and knowledge of Fixed Income markets.  MBA or CFA preferred with a total of 12+ years of experience.   Former U.S. bank regulatory experience a plus.   
• Be a seasoned analyst with 12+ years relevant experience, including at least 10 years analyzing banks/non-bank financial institutions or corporates and have a  deep knowledge of emerging markets.
• Proven track record and ability to network, engage and influence senior and executive management.
• Experience at both understanding and managing quantitative credit rating models (banks and corporates)