Credit Settlement Risk Director

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in 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 while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

The primary responsibility of the Credit Settlement Risk Director is to protect the Visa from settlement losses by ensuring that settlement risk issues are appropriately identified and mitigated. The Credit Settlement Risk Director will have the opportunity to participate in the broader scope of credit risk management by analyzing and monitoring existing Visa clients (mainly Financial Institutions and increasing number of Corporates) and recommending credit rating assignments for new clients.  In addition, the position will work closely with various key internal and external stakeholders that participate in the Visa payment system.     

The Buenos Aires based position will report directly to the VP, LAC Head of Credit Settlement Risk. As part of an extended Global Team, the Credit Settlement Risk Director will also be involved in managing and implementation of the Global Credit Settlement Risk Policy.

Essential Functions:

• Perform annual and interim (when available) credit analysis on existing clients and review new license applications to ensure CSR requirements are met to properly protect Visa from financial losses. 
• Review and opine on Client Incentives deals with Upfront payments.
• Respond to ad hoc queries, analytics requirements and/or support regulatory framework defined to address growing expectations from regulators and industry with primary focus on the Southern Cone Countries (Argentina, Chile, Uruguay, Paraguay and Bolivia).  
• Monitor actively client settlement exposures and portfolio performance (specifically in deferred settlement markets) while working closely with collateral managers to act on collateral shortfalls. 
• Manage contracts related to the Collateral Structures (E.g., Fideicommissa, Escrow Account). 
• Actively engage and work closely with both internal and external Senior Management to develop strategies that support business growth while addressing risk concerns.
• Partner with business and functional teams to engage effectively with government stakeholders, to foster sound conditions to operate, and maintain compliance with Credit Settlement Risk requirements to ensure positive outcomes with regulator in full alignment with local and Regional leaders. 
• Anticipate client failures (as far as possible) and manage eventual client failures to avoid or minimize financial losses to Visa by implementing appropriate risk mitigation strategies and following client failure protocols.  
• Ensure that Credit Settlement Risk issues are adequately identified and mitigated for all Visa products.

This is a hybrid position. Expectation of days in the office will be confirmed by your Hiring Manager.  ​

Basic Qualifications:

10 or more years of work experience with a Bachelor's Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD

Preferred Qualifications:

12 or more years of work experience with a Bachelor's Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6+ years of work experience with a PhD

12-15 years of work experience with a Bachelor's Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6+ years of work experience with a PhD.

Able to demonstrate understanding in credit analysis and ability to develop processes and controls to provide management assurance of risk mitigating controls.

Ability to clearly articulate results after analyzing large scales of data to senior management as the basis for making key credit decisions. 

Be analytical, organized, accurate and detail-oriented with fact-based discipline.

Fluent, both written and verbal, Portuguese, and English

Excellent verbal and written communication skills with the ability to present clear and concise recommendations to senior management, clients, industry stakeholders and regulators.  

Able to work independently and as part of the team and manage multiple tasks simultaneously in a changing environment with a high degree of accuracy and detail.

Ability and willingness to take initiative on new projects and work well in a team environment.

To be successful in this role, we are looking for someone that is flexible and independent with strong initiatives, yet a good team player who is self-motivated and adept at working collaboratively with the rest of the team globally and regionally.

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.