Director - Risk and Compliance

Job Description

Job Description

The Data, Security and Identity Products team at Visa focuses on developing data-centric products to drive better outcomes for customers and clients and accelerate revenue growth and the adoption of Visa value-added services globally. Our products specifically cover the following areas: benchmarking and operations, marketing, underwriting, authorization optimization, and seamless authentication.

We offer complex data models to select clients, requiring a process for ongoing model management, documentation, and model governance in collaboration with the Model Product team. Additionally, every product, and especially products relating to the use of Visa Data, have risks inherent to their design and implementation. Enterprise Risk Management hygiene requires ongoing scrutiny of these risks, assessing their potential impacts, and documenting the mitigation or acceptance of those risks.

We are seeking a Director, Model Governance, Risk and Compliance for Data Security Identity Products (DSIP). This role will be responsible for:

• Defining and owning the end-to-end strategy for DSIP’s first line of defense risk management and executing on the risk management strategy to provide assurance for the model governance, risk, and compliance operations
• Managing the model governance program to ensure appropriate internal control, review, maintenance, reporting, and handling of model governance documentation. This includes:
  • Developing standard processes, templates and training for model management and model governance in partnership with product and data science teams
  • Acting as the primary contact for coordinating activities with the 2nd Line Risk Management functions, Internal Audit, and Regulators

Model Governance Documentation, Model Risk Management

• Develop and maintain policies related to model management and governance in line with regulatory requirements (e.g., OCC 2011/12)
• Maintain centralized model inventory for DSIP
• Define roles and responsibilities for model governance; maintain inventory of critical roles and responsibilities (specifically, model risk ownership)
• Define the standard and the delivery of model independent testing for Visa clients

Risk & Compliance Management

• Drive strategy definition and execution of risk management processes
• Drive the planning and execution of prioritized organizational initiatives related to risk and compliance management
• Provide the processes and systems that enable efficient tracking, reporting and follow up on risk and model metrics with cross functional teams
• Manage risk and model governance projects: define scope and develop plans that drive deliverables towards on-time and if applicable, on-budget delivery
• Partner closely with leaders to align goals and operational metrics in support of the department’s strategic planning and review process
• Participate/Lead in Risk Management working group and committee forums
• Develop metrics and reporting dashboards for leadership
• Collaborate with cross functional groups to execute upon stated deliverables; and
• Serve as a risk thought leader, consultant, and project lead for critical initiatives

Qualifications

12+ years Model Governance, Model Risk Management, Risk Management, Compliance or Internal Audit Experience Strong communicator who can flex communications to tailor to audience (i.e. knows how to communicate what is important, why it is important, impact to the business, etc. to an audience that does not have the depth of risk experience)Seasoned professional and relationship manager who can be left to manage key stakeholders without close management of immediate leader Advanced experience with model governance, model risk management, and/or other relevant analytical background to support ability to understand and challenge model concepts Advanced knowledge of traditional risk management and its relationship within a highly complex and matrixed environment Experience in implementing the three lines of defense concept and its application in an organization Experience with risk identification, assessment, and mitigation of material risks, while assisting risk owners (1st line of defense) with development of controls and mitigation plans Business/financial acumen, translating risks into quantitative business impact Strong organizational skills with proven ability to collaborate in a global, matrixed environment Ability to engage and influence leaders and decision makers within the organization Robust understanding of risk management methodologies and frameworks to drive and maintain department adoption Ability to translate observations of global trends in model governance into streamlined processes and effective internal & external communication strategies

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.