Risk Management Analyst at Visa

Job Description

Company Description

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.

Job Description

The Risk Management Analyst reports to the Head of Risk, Visa Sub-Sahara Africa and will be responsible for payment cards fraud prevention, management of fraud, ecosystem Risk, Enterprise risk, Payment Information security and acquiring risk in South Africa.

The prospective candidate will support implementation of the global risk management strategy in the assigned market- South Africa. Further, this role serves as a risk services specialist who can provide client consulting, recommendation of best practices and implement strategies to mitigate fraud trends and increase client risk performance. This function collaborates extensively with a wide range of organizations, regulators, law enforcement agencies and other stakeholders in managing the payments ecosystem risk

What we expect of you, day to day.

• Support country risk initiatives and projects

• Proactively analyze and assess clients’ trend to identify risk opportunities for value creation and improved performance

• Support the enterprise risk management strategy for the country and region

• Support the strategic focus and priorities of the country risk plan

• Support client incident investigation and remediation effort

• Conduct trainings through various channels including face-to-face and virtual such as Webinars for banking representatives, law enforcement, prosecution and regulators

• Champion information security and acquiring risk self-assessment as well as substantive testing

• Achieve market-level fraud targets (issuing and acquiring, cross border acquiring and CNP acquiring)

• Support organization of Visa's CEMEA Risk Summits and Sub-Regional Risk Executives Councils

• support Visa member banks in day-to day activities and execution of the banks risk strategy

• Promote fraud risk management related cooperation with other payment cards brands if possible and legally permitted

• Promote Visa Global Payment System Risk Strategy with industry stakeholders and governments

• Support deployment of risk products and solutions (e.g., VRM, VCAS, VAP, other)

• Support country management in overall business development

• Support Credit Settlement Risk, AML, Enterprise Risk Management and Risk Strategy & Operations in risk identification and mitigation

• Build relationship with industry stakeholders, government, and law enforcement

• With Corporate Communications, support Visa's risk communications strategy

Additional Information

Work hours: 8 hours - Regular Office hours

Travel: Position might require occasional travel for training or team meetings -

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, reach with hands and arms, and bend or lift up to 25 pounds.

Visa has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees and visitors. As a condition of employment, all employees based in the U.S. are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law

Qualifications

Basic Qualifications:

• 3 years of work experience in Risk or related second line of defense roles
• Prior experience in South African payment sector
• Strong communication and collaborative skills
• Strong understanding of Open banking requirements
• Ability to assess data, interpret ambiguous situations, and make decisions under pressure
• Knowledge in fraud prevention methods and detection tools
• Understanding of mitigating online fraud, such as account takeover, phishing, online card testing, etc.
• Risk Management experience with traditional and alternative payment methods
• Excellent written, oral and presentation skills and an ability to synthesize information and make clear, concise recommendations on a course of action
• Understanding of cross-functional roles within an organization including vendor physical security, customer service, dispute processing, fulfillment, and fraud prevention
• Creative, team-focused problem-solving skills with drive for deadline completion
• Flexibility with schedule as job requires
• Expert level MS Office (Word, PowerPoint, Excel, One Note, Access)
• Travel maybe required but very limited

Preferred Qualifications

• 3 or more years of work experience with a Bachelor’s Degree or more than 2 years of work experience
• Risk Framework creation / experience a plus
• Knowledge of mobile and multi-channel commerce solutions is a plus

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.