Team Summary
The Credit Settlement Risk (CSR) team is part of the Risk function and acts as a 2nd Line of Defence. CSR is responsible for protecting Visa and its shareholders from financial loss and goodwill damage because of a member’s failure to fulfil its settlement obligations.
What a Director, Credit Risk Management does at Visa:
- Lead and drive new credit risk solutions in a complex, high-risk emerging markets where the economic and geo-political landscape can be unstable.
- The complexity of markets requires an experienced Director to engage with the Business and client’s senior management for multi-regional and strategic clients in Asia Pacific. Any mishandling of the relationship will be costly to Visa and take years to mend.
- A seasoned credit specialist with at least 12+ years of deep knowledge of the emerging market risks, possess strong command of the English language with sharp acumen.
- This position also supports new and weaker fintech applicants that requires keen eyes to assess and monitor the risks of the growing Fintech portfolio in Asia Pacific where the regulatory and legal framework are still not well established in under-developed countries.
- With increasing cryptocurrency wallet providers and new fintech players that are not well capitalized emerging in higher risk markets, the incumbent is expected to provide innovative solutions to manage the credit risks of these clients. This often involves educating the AEs and negotiating with C-Suites from clients on CSR’s requirements.
- Lead Visa’s key market initiatives and ensuring that proper processes are in place to support credit due diligence and ongoing monitoring.
- Lead cross-functional and cross-regional projects by contributing and providing appropriate advice from a credit perspective.
- Collaborate with Global CSR, Account Executives and risk stakeholders across the organization to understand new complex payment flows and recommend appropriate mitigating measures and new collateral options to manage the credit risks.
- Initiate and provide ideas in automating and enhancing risk management tools for effective ongoing monitoring and ensure timely response to market shifts.
- Provide proactive insights and scenario modeling to effectively manage the settlement risks of AP portfolio.
- Ensure Credit Risk Policy and Procedures are adhered to when assessing new clients and renewals of existing clients.
- Provide training, strategic support and recommendations to empower Account Executives with predetermined collateral options.
- Lead complex projects and meetings, deliver presentations and able to interact with all levels of Visa management as well as Client senior management.
The Director will report directly to the Senior Director, Asia Pacific Credit Settlement Risk.
Why this is important to Visa:
As a Director in the AP Region, the incumbent is responsible for ensuring that credit losses for Visa is minimized while working towards deeper business collaboration to support the regional growth strategy. This involves working collaboratively with project teams to deploy enhanced monitoring and optimize models to mitigate losses. The goal is to automate risk identification to gain operational efficiency and faster credit decisioning.
Projects you will be a part of:
As part of the team, you will get opportunity to work on strategically important projects for clients and Visa.
· Collateral solutions to mitigate losses.
· Support key projects in Asia Pacific to support business growth while protecting Visa.
· Lead projects in Asia Pacific to effectively monitor credit risks and gain operational efficiency.
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.
