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Operational Risk & Controls Analyst

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


The Corporate and Reputational Risk team ensures Visa Europe has the right processes & methods in place to manage its different enterprise and reputational risks.
The Three Lines of Defense (3LoD) model adopted by Visa drives accountability for managing risk within the business while having a specialized Second Line of Defence (SLOD) risk management function that provides independent risk oversight. As a SLOD function the Corporate Risk team oversees Visa's risk profile, provides challenge to the First Line business functions who are responsible to manage Visa's risks, and supports oversight by Visa's senior management, the board and the regulators.
The Operational Risk and Controls Monitoring team helps to identify, assess and prepare for any operational, compliance and data privacy risks that may interfere with Visa's objectives and operations.
The role is accountable performing and/or supporting various operational risk programs including controls monitoring, risk control self-assessments (RCSAs) and managing VEL's Risk Register.
What we expect of you, day to day:
• Perform the SLOD oversight through independent risk assessments and controls monitoring across Europe.
• Develop and implement risk-based monitoring and compliance plans with robust reporting and tracking.
• Support and provide oversight on the execution of the Risk Control Self Assessments (RCSA) program across key functions. Assess and collate RCSA results, review findings and reporting feedback to senior management.
• Engage and support the VEL businesses and functions (the FLOD) to manage risks and controls in place; Provide constructive challenge to ensure First Line of Defence (FLOD) risk management and controls monitoring is effectively embedded.
• Support FLOD in the monitoring, management and enhancement of controls; This includes setting standards, driving management oversight and testing of controls by the FLOD.
• Lead and provide constructive challenge to the VEL businesses and functions to ensure First Line of Defence (FLOD) risk management is effectively embedded.
• Establish and produce management reporting related to controls monitoring (e.g. Risk Register reporting).
• Support VEL's partnership with the Global Centre of Excellence on operational risk and controls monitoring
• Produce management reporting related to operational risk management and controls monitoring (e.g. Risk Register reporting)

Job Details

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