Director, AuNZSP Supervisory & Regulatory Risk
Team Summary
Visa owns the most recognizable global brand in the financial services industry. Visa partners with internal and external stakeholders to champion security in the markets and maintain the integrity of the digital payments’ ecosystem. With the increased regulatory oversight in some markets, Visa is keen to strengthen its Australia, New Zealand & South Pacific (AuNZSP) Risk Team.
Directly reporting to the AuNZSP Head of Risk, and working closely with the regional Supervisory Risk Lead, the Director will advise the AuNZSP executive team, hub & global functional leads on strategies related to complex operational, financial, legal, and regulatory risk exposures.
What a Supervisory & Regulatory Risk Director does at Visa:
The key responsibility of the candidate will be to protect Visa by managing supervisory and regulatory risks for the AuNZSP sub-region. The Director will be the primary contact for managing various internal and external supervisory and regulatory compliances for Visa. Additionally, the Director will have sub-regional responsibility for championing security in the industry and maintaining the integrity of the payments ecosystem.
In this role, you are expected to:
Oversee supervisory and regulatory reporting for the AuNZSP sub-region, ensuring all reporting timelines are met including to efficiently handle supervisory and regulatory notices and requests including consultations, queries, and operational security events.
Lead the preparation of deliverables to meet Visa’s compliance obligations, by engaging internal stakeholders - Government Engagement, Legal, Compliance, Product, and Finance departments and providing timely updates to the AuNZSP leadership team.
Actively collaborate with internal stakeholders across various functions to influence policies and reporting changes, as well as to manage regulatory outcomes. Implement necessary adjustments to ensure compliance and minimize business disruption. Proactively participate and provide assistance internally in preparation for engagements with government stakeholders.
Assist with securing and maintaining Visa operating licenses in key markets, complying with all requirements.
Act as the primary internal coordinator for incident and security management, ensuring swift and effective responses within the region, and if required providing the requisite notifications to regulators and/or clients.
Lead external supervisory and regulatory audits and collaborate with issue owners to resolve recommendations. Participate and support in internal audits.
Develop insights on supervisory and regulatory reporting issues to enhance business response and risk governance practices, including proactive engagement with supervisory departments of regulatory bodies and advice Visa on supervisory and regulatory policies.
Coordinate Risk, Fraud, Data Security, and PCIDSS related activities, ensuring transparency and proactive engagement with supervisory bodies.
Respond to client inquiries regarding audits and supervisory risks, fulfilling regulatory obligations.
The successful candidate must collaborate effectively with the AuNZSP Leadership Team, and other local functions including Government Engagement, Legal, Compliance, Product, Corporate Relations, Client Services, Merchant Sales & Acquiring, as well as Global and Regional teams.
Why this is important to Visa:
Visa owns the most recognizable global brand in the financial services industry. With new and diverse players entering the payments ecosystem, constant innovation, constant changes to laws and regulations pertaining to the legality of the transactions, increased government attention and intervention, the industry is highly complex with a quickly evolving risk landscape. This complex and fast evolving ecosystem includes issuing and acquiring banks, merchants, cardholders, and service providers such as processors, device manufacturers, and payment gateways.
The AuNZSP is emerging as a home for increasingly complex regulations which require high degree of reporting obligation with zero margin for error. The Director plays a key role in fulfilling those obligations, in the absence of which, there could be risk of censure by the regulators.
Projects you will be a part of:
You will part of regulatory enquiries, projects, and engagement with relevant internal and external stakeholders on regulatory and supervisory matters. The delivery of these initiatives will require close collaboration with senior leadership in the sub-region and with stakeholders in Regional Risk, Compliance, Controllership, Legal and Government Engagement.
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.
