Sr Manager, Credit Risk

Company DescriptionVisa 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 CEMEA Credit Settlement Risk CSR team is responsible for proactively assessing and mitigating credit settlement risks faced by Visa CEMEA an integral part of one of the world s largest payment networks Predominantly the team manages settlement risks related to corporates and financial institutions across a vast portfolio requiring risk-based prioritization and an understanding of balancing risks against rewards An opportunity exists to join this highly respected team which provides subject matter expertise across the Visa CEMEA organization and is part of a global CSR infrastructure This role requires you to be a subject matter expert in managing collateral cash SBLCs and guarantees as well as conducting credit analysis for corporates and or financial institutions This includes a good understanding and knowledge of credit rating models their application and use You will need to utilize a variety of Visa systems proactively interpreting and applying your expertise to mitigate risk while striking the appropriate risk versus reward balance The role will require maintaining a strong relationship and partnering with the Business Development Managers Country Managers and other regional CSR teams Responsibilities Adhere to the CSR Framework procedures policy standards and controls Oversee and manage the entire cash collateral portfolio including tracking monitoring and reporting on cash collateral positions Meticulously analyze and interpret collateral agreements to ensure full compliance with all terms and conditions potentially liaising with legal teams to understand complex contract clauses Act as a key point of contact for internal teams and external clients to resolve collateral disputes investigating discrepancies and providing solutions to mitigate risks Prepare and present regular reports on collateral positions and exposure in a clear and concise manner to internal stakeholders Provide backup support for the other manager in managing standby letters of credit and guarantees Understand and stay informed about all aspects of standby letters of credit and guarantees to ensure seamless continuation of operations in the absence of the primary manager Support the CSR team in managing the REACT system Risk Exposure Authorizations Controlling Tool a credit risk management system that monitors authorizations and curbs stops transactions when risk thresholds are reached for specific clients and group of BINs Have a sound understanding of a credit framework and controls environment including its application in a financial or payments institution Demonstrate the ability to use credit data and provide insightful analytics to manage risk better Perform credit analysis and industry research of new and existing clients to ensure proper risk assessments Support the CSR team with reviewing and onboarding new clients as well as the incentive deal review process Actively maintain and nurture relationships with clients and internal stakeholders to ensure smooth operations Support regulatory and internal audit requirements 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 QualificationsThe successful candidate should be an independent fast learner capable of working with minimal supervision and will have xef x80 xadBachelor s degree in business management finance accounting or related field xef x80 xadAt least 3 to 5 years of relevant experience in collateral management and analyzing corporate counterparty credit risk and financial institutions xef x80 xadFamiliarity with the banking sector and the payment industry xef x80 xadExcellent written and oral communications skills xef x80 xadAbility to work under pressure and deal with stressful situations xef x80 xadReadiness to respond after-hours weekends and holidays to major risk matters xef x80 xadExcellent interpersonal and collaboration skills team player approachable professionally mature relationship management skills xef x80 xadStrong attention to detail with the ability to synthesize information and make clear concise conclusions xef x80 xadHeightened analytical and problem-solving skills readiness to handle multiple tasks while focusing on results xef x80 xadAbility and willingness to take initiative on new projects and work well in a team environment xef x80 xadAdvanced Microsoft Office skills Additional InformationVisa 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