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Credit & Settlement Risk Analyst

London, Greater London, United Kingdom, £ £ - Annual Annual, Permanent


The role is part of the team who have accountability for the 2nd line of defence to proactively managing and mitigating the credit and settlement risk for Visa Europe. VISA Europe has a growth strategy requiring a balanced and sustainable approach to risk / reward where credit & settlement risk is one of the significant risks the VISA Europe undertake.

The purpose of the role is to support the credit analysis team to manage the collateral process and providing MI / reporting capability. In addition, it requires a strong understanding of VEL credit risk standards and process relating to collateral management alongside a in depth understanding of CSR systems NICHE, VELT and FACT.

Collateral management and the associated controls are a key cornerstone in protecting VEL from losses related to credit and settlement risk. It role requires the analyst to be highly organised, attention to detail and to build strong relationships with JP Morgan and Global CSR.

Specific Role Accountabilities:

· Accountable to support the CSR Senior Manager in managing the credit and settlement risk for a portfolio of clients.

· Accountable for the collateral management processes includes;

o Collateral collection and release process including client engagement

o Ensuring all legal documentation is in place and appropriately signed

o Coordinate with legal function to ensure legal documents are current and up to date.

o Management of collateral, collateral shortfalls, reporting and any subsequent request for collateral

o Controls testing

o Management of the JP Morgan relationship who are custodians of client collateral funds.

o Monitoring of collateral positions

o Comply with VEL and Global standards and controls on collateral management

· Collateral Waivers

o Support credit analysts to manage and report on the collateral waiver process

· Management of the authorization alert / decline tool (NICHE)

o As part of the mitigation and management of credit & settlement risk apply, monitor and report on alerts and decline controls applied to clients as instructed in the CSR NICE system..

· MI and Reporting

o Provide MI / Reporting in support of the credit analyst team including;

• Waiver dashboards

• Bank of England reporting

• NICHE reports

• VLET reports

· Projects

o Support on Credit & Settlement Risk projects as required

· Client Engagement

o Support engagement with clients on issues relating to credit & settlement risk

· Data Analytics / systems and reporting

o Develop and enhance a data analytic approach to credit & settlement risk utilising VISA systems and tools with the purpose and focus of improving processes, becoming more effective and providing better insights to actively make better risk management decisions

o Provide concise insightful MI and reports to support management decisions and risk mitigation including to CRO, RELT, Executive Risk Committee, business forums and stakeholders.

· Support credit analyst team in regulatory and Internal Audit requirements

· Support client on-boarding CSR team with overflow work including incentive deals

Generic Role Accountabilities:

· Accountable for building relationships to cross silos

o Work closely across Risk Europe

o Work closely with relevant Global Centres of Excellence

o Work closely with other VEL Functions

· Accountable to work collaboratively with;

o the businesses and other functions to deliver key business projects and initiatives.

o the Risk Europe function 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

Job Details

Not Specified
London, Greater London, United Kingdom
£ £ - Annual Annual