Credit Settlement Risk Director

Overview

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

Preferred Qualifications

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.

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