Third Party Sr. Risk Management Analyst

Employment Type

: Full-Time


: Miscellaneous

As the world's leader in digital payments technology, Visa's mission is to connect the world through the most creative, reliable and secure payment network - enabling individuals, businesses, and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company's dedication to innovation drives the rapid growth of connected commerce on any device, and fuels the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. At Visa, your individuality fits right in. Working here gives you an opportunity to impact the world, invest in your career growth, and be part of an inclusive and diverse workplace. We are a global team of disruptors, trailblazers, innovators and risk-takers who are helping drive economic growth in even the most remote parts of the world, creatively moving the industry forward, and doing meaningful work that brings financial literacy and digital commerce to millions of unbanked and underserved consumers. You're an Individual. We're the team for you. Together, let's transform the way the world pays. The Third Party Risk Management (TPRM) team is part of the Corporate Risk function and acts as a 2nd Line of Defense. TPRM 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. Visa's TPRM team is seeking a Sr. Analyst to support the Third Party Risk Management program, including global program projects, initiatives, responsibilities as well as the Asia Pacific (AP) Region TPRM program, along with the AP Third Party Risk Management Lead. This includes managing the risk assessment and due diligence processes, both at on-boarding and throughout the lifecycle as part of the TPRM Program. The ideal candidate will be process driven, an excellent communicator and able to develop approaches that scale. Building influence in cross-functional partnerships and developing stakeholder relationships across the organization is an essential part of this role. The Sr. Analyst is expected to ensure all aspects of the assigned functions adhere to the TPRM Policy and Procedures. This is an IC role and the position reports to the Sr. Director of TPRM for AP, CEMEA, and Europe Regions, based in Foster City, who provides leadership, guidance and training to staff. This role is based in the US. In this role, you are expected to: * Ensure Third Party Risk Management policy and procedures, and Visa Supplier Manager tool capabilities are implemented according to approved goals and policy * Validate incoming supplier engagements, working with business partners to ensure data is complete and accurate and inherent risks are identified * Coordinate the 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. Store the artifacts of the supplier oversight process in Visa systems * Support the AP Region's third party risk strategy, ensuring internal teams 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 * Compile global monthly, quarterly, and ad hoc dashboard and reporting for management * Drive TPRM training across First Line of Defense (1LOD) including Business function, Risk Stakeholders and Sourcing. Collaborate with regional teams to implement a standard set of training modules and communication materials for different stakeholders. * Contribute to the development of detailed procedural documents and ensure alignment of TPRM with regulatory requirements including FFIEC, OCC and other applicable regulations * Identify, prioritize and pursue opportunities to enhance Visa's third party risk management processes and introduce innovative approaches and solutions to optimize efficiency and effectiveness * Ensure fourth parties are identified, captured and reported across all suppliers * Develop detailed procedural documents, trainings and communications * Identify, prioritize and pursue opportunities to enhance Visa's third party risk management processes and introduce innovative approaches and solutions to optimize efficiency and effectiveness * Assist with the annual review of the Tiered Monitoring Program * Develop and run consistent and accurate reports related to the supplier list and analyze data to prepare supplier reporting for senior management * Develop and lead a global Control Testing Program, including planning activities, reviewing control gaps, preparing testing scripts, executing tests and reporting. Collaborate with regional teams to implement control testing in each region and develop control testing metrics for management for each fiscal year * Develop and lead a global Concentration Risk Program. Collaborate with regional teams to implement concentration risk program in each region and develop concentration risk metrics for management for each fiscal year * Review and approve AP Region Simple Work Order/Quotes * Review AP Region Non-PO On-boarding Requests * Review and sign-off for Third Party Risk Management on AP Region NBIA reviews * Lead the Global Privacy Attestation Program * Lead VPL acquired entities suppliers review Basic: * 5 or more years of relevant work experience with a Bachelor's Degree or at least 2 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 0 years of work experience with a PhD Preferred: We are looking for an experienced individual with a curiosity about payments and Fintech, who is results-driven, and client focused. As a candidate you should have: * 6 years of work experience with a Bachelor's Degree or at least 4 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 2 years of work experience with a PhD degree * Working understanding of Anti-Bribery, Information Security, Business Continuity, Physical Security, Records Management, Call Center, Reputational and Financial Risks * Understanding of contract terms and conditions * Moderate understanding of the inherent risks associated with engaging suppliers to perform services and support projects/initiatives * Exceptional data analysis and problem-solving skills with demonstrated intellectual & analytical rigor; ability to summarize raw data to tell a simple story supported by data to management and stakeholders * 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 * Strong attention to detail and achieving results, with an emphasis on how work is being accomplished * Naturally curious and action-oriented * Excel power user, Tableau a plus What will also help: * 5 years of experience working with supplier or vendor assessment frameworks, information security and/or operational risk programs within the payment industry * Professional accreditation in risk management a plus * Proficiency in Financial Systems (Ariba, Aravo, Oracle, Coupa, IBM) a plus 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. Sponsorship/Relocation: No sponsorship or relocation is provided for this position 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 the requirements of Article 49 of the San Francisco Police Code.

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