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Location

Foster, CA | United States

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Job description

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

Job Description

The Third-Party Lifecycle Management Program (TLMP) team is a second line of defense Third Party Risk Management team operating as part of the Corporate Risk function and acts as a 2nd Line of Defense. TLMP is responsible for governance and oversight of Visa’s third-party risk and is responsible for assessing the effectiveness of the controls in place to identify, monitor, and manage Visa's third-party risk throughout the third party’s lifecycle with Visa. 

What a Third-Party Senior Risk Manager – North America (NA) does at Visa:  

This is a fulltime position at Visa for Visa’s Third-Party Lifecycle Management team.  We are seeking a Senior Risk Manager to lead the North America Product third party risk management program and lead multiple strategic initiatives within the TLMP. This role includes managing the risk assessment and due diligence processes for Visa’s North America categories including Product, Technology, and Finance throughout the lifecycle as part of Visa’s TLMP program. The ideal candidate will have risk and/or corporate domain experience, will be process and customer driven, and an excellent communicator. Building influence in cross-functional partnerships and developing stakeholder relationships across the organization is an essential part of this role.  

The Senior Risk Manager is expected to ensure all aspects of the assigned functions adhere to the Third-Party Lifecycle Management Policy and Procedures. This position reports to the Senior Director of Third-Party Lifecycle Management. This role is based in Foster City, or San Francisco.

In this role, you are expected to: 

• Lead Visa’s third-party risk strategy for North America Product, Technology, and Finance, collaborating with various stakeholders to perform due diligence, risk assessment and ongoing monitoring of third parties, ensuring inherent risks and control gaps are accurately identified and remediated and program strategy is embedded sufficiently and successfully into support of the category.
• Coordinate the end-to-end risk assessment process including distribution of due diligence questionnaires to the suppliers, review submitted questionnaires for completeness, ensure Risk stakeholders finalize reviews and determine overall residual risk rating.  Be a strong liaison to ensure that Risk Stakeholder questions are answered by Business or Suppliers as required.  Conduct certain aspects of supplier due diligence not covered by risk stakeholders. 
• Validate incoming supplier engagements, working with business partners to ensure data is complete and accurate and inherent risks are properly identified.
• Manage high volume of Product, Technology, and Finance, portfolio third party related questions, risk assessments and due diligence evaluations to ensure inherent and controls effectiveness ratings are accurately identified. 
• Act as the third-party risk subject matter expert providing regular updates on portfolio health, trending and process adherence to senior management. Serve as the lead collaborator with key business contacts.
• Act as third-party risk subject matter expert on North America Product, Technology, and Finance , while effectively collaborating with stakeholders, both cross-functionally and across geographies.
• Effectively Partner with Sourcing leads and Business Partners on NA Product, Technology, and Finance, Third Party needs while providing training, strategic support and recommendations to advance procurement requests, initiatives and processes.
• Support global New Business Initiative Assessments (NBIA) requests, identify supplier risks and collaborate with NBIA stakeholders to develop mitigation plans. 
• Contribute to the development of detailed procedural documents and key governance material, including committee reporting and program portfolio updates.
• Conduct other TLMP activities that relate to third party lifecycle management. 
• While position is focused on supporting North America Product, Technology, and Finance, will provide coverage for additional regions when required. 
• Provide data driven analysis to support reporting in the North America Product, focusing on key supplier risk trends and new insights. 
• Lead TLMP’s Acquired Entities integration, oversight, and reporting activities. 

Why this is important to Visa - As the NA Third Party Senior Risk Manager, this role plays a crucial part in the lifecycle management of NA Product, Technology, and Finance, TLMP’s third party risk strategy, ensuring internal teams such as Global Sourcing and Visa’s Risk Stakeholders have resources and processes to support their needs for due diligence, risk assessment and ongoing monitoring, ensuring inherent risks and control gaps are accurately identified and remediated. 

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Basic

Qualifications

:

• 8 or more years of relevant work experience with a Bachelor Degree or at least 5 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 2 years of work experience with a PhD

Preferred

Qualifications

:

• 9 or more years of relevant work experience with a Bachelor Degree or at least 5 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 2 years of work experience with a PhD
• 5+ years of experience executing risk programs, information security programs and/or audit program working with supplier or vendor risk assessments on Products, Client or Corporate services.
• Demonstrated ability to communicate complex issues in a clear, concise and impactful way – turning research and raw data into hard numbers into compelling stories and useful strategic insights to a variety of stakeholders.
• Working understanding of Anti-Bribery, Information Security, Business Continuity, Physical Security, Records Management, Call Center, Reputational and Financial risks.
• Working experience with identifying the inherent risks associated with engaging suppliers to perform services and support projects/initiatives in these corporate domains.
• Strong attention to detail and achieving results, with an emphasis on how work is being accomplished.
• General understanding of contract terms and conditions.
• Professional accreditation in risk management a plus.
• Proficiency in Financial Systems (Ariba, Aravo, Oracle, Coupa, IBM) a plus.

Additional Information

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel 5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

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.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 133,000.00 to 173,000.00 USD, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.

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