Job Details

Director, Visa Direct Product, Risk and Compliance (9 months Maternity

London, Greater London, United Kingdom, Permanent

Posted: 18days ago


What's it all about?

This role is a Fixed Term Contract 9 month maternity cover position within the Visa Direct Ecosystem Readiness team, developing the Visa Direct risk and compliance proposition and capabilities, critical to ecosystem health and acceptance.

Visa Direct is a high priority digital product, one of the top drivers of new revenue streams in Visa. Originators (senders) and Recipients (beneficiaries) derive value from real-time 'push payment' use cases such as:

* Person-to-person payments, both domestic and cross-border

* Payouts to suppliers to marketplace apps (eg. Uber, AirBnb, Amazon)

* Conventional disbursements (insurance, compensation claims, tax refunds)

Since the acquisition of Earthport, the Visa Direct product range is now expanded beyond push-to-card to include push-to-account, and in future, push-to-wallet, allowing reach to over 99% of the world's banked population, and driving even more opportunities for new revenue growth.

Building a world-class security value proposition is essential to the success of Visa Direct, as it is one of the key drivers of engagement and uptake by both originating and receiving clients, particularly for cross-border payments.

This is a unique opportunity to join the development of a new Visa product at an early stage, shaping the risk and compliance proposition that will underpin the success of the product for years to come, building confidence in originating and receiving clients to use and accept Visa Direct transactions, safely, securely, and with high transparency.

Working with stakeholders across the company, including regional teams, platform development, AML Compliance, Risk, Legal and others, you will be responsible for developing the Visa Direct security value proposition, including new tools and capabilities for Visa and its clients, internal policies and processes, and marketing and communications strategies. Your role spans both fraud risk mitigation and AML and sanctions compliance, for both Visa and clients.

What we expect of you, day to day:

In this fast-growing and dynamic environment, you need to be highly creative, flexible and responsive to ever-changing needs, as we onboard and service demanding new partners and clients. Work is mainly project-based as needs develop, requiring you to create new projects and set and meet demanding goals, working with stakeholders across the company. With Visa Direct still very much a start-up within Visa, you need to be prepared to get your hands dirty, flexing from conceptual strategy work and presentations to senior executives, to project management and business case development.

Typical examples of projects that you would likely be leading include:

* Developing a program of tools and support for receiving issuers to sanctions screen incoming Visa Direct OCTs, working with AML compliance, Legal, platform development and external providers

* Strengthening of our data requirements, designed to increase issuer confidence and screening accuracy, as well as ensuring that Visa meets its own regulatory compliance obligations

* Enhance tools and policies to mitigate new types of 'push payment' fraud risk, such as account takeover and scam fraud. Working with the Risk platform teams, you will lead new initiatives to reduce this type of fraud for Visa and clients

* Establish a governance framework for ensuring that Visa maintains regulatory compliance in all jurisdictions for its Visa Direct product, working with Legal and Regulatory teams

Job Details

London, Greater London, United Kingdom