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Senior Commercial Risk Partner – Product

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

Description:

Risk directly supports Visa's strategic priorities to drive sustainable growth and protect Visa's brand and reputation.
Risk is the backbone of Visa, providing constructive solutions and challenge, partnering with the business to help identify and manage risks, balancing risk and reward, and providing insights to inform senior management's strategy and decision making.
We strive to be a diverse, inclusive, best in class Risk function, where we provide exciting development opportunities for our people.
We encourage quality of life outside of the office, whether it's taking advantage of agile work schedules or our wellness programs, Visa respects and encourages meaningful work/life balance for everyone.
If you think you could support Visa as a Commercial Risk Partner- Product L6, we want to hear from you - together, let's make Visa a great place to work.
What's it all about?
As Senior Commercial Risk Partner, you will be central to delivering on Risk Europe's strategy by:
1. Building strong 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
2. Working collaboratively with the Businesses and other functions to deliver key Business projects and initiatives
3. Working collaboratively with other departments in Risk Europe and Global Risk to:
a. Deliver the Risk Europe strategy
b. Support delivery of the Global Risk strategy
c. Optimise efficiencies
d. Deliver appropriate consistency in risk management
e. Deliver key projects and initiatives
4. Using management information, metrics and analysis to inform business decision-making and to measure progress against goals and desirable outcomes
5. Identifying key risk topics for escalation to the RELT
6. Supporting, training and sharing expertise with other colleagues in VEL and globally
7. Contributing to a "best in class" Function/ Department recognised across VEL and globally as:
o Experts in their field
o Professional and business-aware
o Proactive and solutions-focused
o Constructive and proportionate in their challenge
o Approachable and collaborative
8. By word and deed, being part of the Risk Europe culture
What we expect of you, day to day:
Partnering with Product
• Developing partnerships with First Line of Defense to identify, mitigate, monitor and report on risks impacting their business and product lines
• Building strong relationships with the Product function's Executives, and being a key point of contact for the Businesses for escalation and decision-making on material risks and issues
• Actively monitor and report on business and product line risk profiles, highlighting risks that warrant most attention, including providing executive risk reporting to Senior Management
• Driving and embedding risk culture throughout the product organization to further evolve Product Risk oversight at Visa
• Working closely with Visa Risk Europe SMEs (subject matter experts) to design and implement appropriate Risk programs commensurate with risk profile and Visa Risk Appetite e.g. Technology Risk, Third Party Risk, Substantive Compliance Area Monitoring and Testing, Data Privacy Oversight, Model Risk, Risk and Control Self-Assessment etc.
• Ensure appropriate escalation and decision making of business decisions where there is disparity of views across Visa Functions and the Product and Business Unit.
• Work with product partners to understand the product roadmap, pipeline to identity initiatives that should be channeled through the New Business Initiative Assessment (NBIA) process.
• Provide guidance to initiative owner, by bringing key Visa risk, product, payment, and technical expertise throughout the Product Lifecyle. Provide necessary challenge to and/or modifications to product constructs, if they create incremental risk to Visa.
• Conduct NBIA post mortems on key Initiatives to obtain product lifecycle view and better understand the Performance of the product against KPIs and identify risks since product launch, their root cause, and the 1LOD's action plan (e.g., client feedback, fraud, etc.)
• Collaborating with the Cluster Commercial Risk Partner, Cluster Product Owners and Risk Europe team to Businesses to design and deliver sustainable new products and services, enhance existing products and services, and acquire new clients in line with agreed risk:reward principles.
• Lead the execution of the GORO tool within the business
• In collaboration with the Cluster Commercial Risk Partners, drive the Cluster Risk Register's being maintained dynamically to improve forward looking execution of risk mitigation strategies

Job Details

1203455060
Not Specified
London, Greater London, United Kingdom
Permanent
£ £ - Annual Annual