Senior Manager, Third-Party Risk Management Asia Pacific

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.

Team Summary

Reporting to the Regional Risk Officer (RRO), the Asia Pacific (AP) Corporate Risk team acts as a Second Line of Defense function, oversees Visa’s risk profile, and challenges the First Line business functions through:

• Partnering with business to identify, assess, report, monitor and ensure appropriate risk management
• Implementing operational risk management to build resiliency, meet regulatory expectations and support effective business decisions, and
• Partnering with stakeholders to safely onboard and monitor third party suppliers to support & enable Visa’s business objectives

What a Senior Manager Third-Party Risk Management does at Visa

The Senior Manager Third-Party Risk Management will be part of the AP Corporate Risk team. The Senior Manager leads the Third-Party Lifecycle Management Program (TLMP) for the AP region, is expected to ensure all aspects of the assigned functions adhere to the Third-Party Risk Management Policy and Procedures, as well as support the wider Corporate Risk responsibilities.

Specifically, on TLMP, she/he will:

• Lead and execute the Third-Party lifecycle management program for Visa AP, including risk assessment of new suppliers and periodic risk assessment of existing suppliers
• Proactively engage with the business to educate stakeholders on the TLMP
• Partner with Sourcing leads and Business Partners on key sourcing needs by providing training, strategic support and recommendations to advance procurement initiatives and processes
• Conduct risk related contract provision reviews on third party agreements to ensure contracts reflect governing risk obligations
• Be responsible for compiling periodic management reporting and progress dashboards
• Perform oversight activities of Tier 1 suppliers, including exit planning and remote assessments.
• Ensure Third Party Risk Management policy and procedures, and Visa Supplier Manager tool capabilities are implemented according to approved goals and policy
• Actively identify, prioritize, and pursue opportunities to enhance Visa’s third-party risk management processes and introduce innovative approaches and solutions to optimize efficiency and effectiveness
• Manage and execute required activities under the Other Third Party (OTP) program, including risk assessments and periodic reviews
• Perform oversight activities of outsourced arrangements in compliance with regulatory and TLMP program requirements, and
• Support internal/external reviews (internal audit/regulatory) on third-party risk and outsourcing matters

In addition, she/he will be supporting the wider Corporate Risk team when required and in alignment with development objectives. Support areas could include Risk Control and Self-Assessment (RSCA), Operational Resilience, Enterprise Risk Management and risk assessments of new initiatives (A.360).

Why this is important to Visa

Visa owns the most recognizable global brand in the financial services industry. As both the ecosystem as well as threat vectors evolve, Visa’s capabilities and strategies evolve in tandem to maintain the security and integrity of the Visa payments ecosystem.

It is Visa’s responsibility to ensure that third-party activities are performed in a safe and sound manner and in compliance with applicable laws.

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

What you will Need

• Degree in any relevant discipline
• 10+ years of work experience in a multinational, matrix organization
• Solid understanding of third-party risk management, Anti-Bribery, Information Security, Business Continuity, Physical Security, Records Management, Call Center, Reputational and Financial risks
• Proficient working knowledge of contract terms and conditions
• Robust understanding of the inherent risks associated with engaging suppliers to perform services and support projects/initiatives
• Capable of comfortably leading meetings, delivering presentations and interacting with stakeholders of all hierarchy levels and cultural backgrounds
• Ability to communicate complex issues in a clear, concise and impactful way
• Strong attention to detail and solution-oriented, in good relationship with stakeholders
• Positive, naturally curious and creative in solving problems
• Self-starter with the ability to prioritize and pursue multiple initiatives simultaneously

Global Standards meets Local Execution 

• Proven ability to navigate diverse cultures, business practices, regulatory environments, with experience doing business in the Asia-Pacific region. 
• Effectively tailors solutions to align with regional nuances while maintaining global consistency.  
• Coordination and partnership with the global TLMP program owners to ensure adherence and alignment with key program requirements and alignment with strategic initiatives impacting the program.
• Coordination with regional TLMP teams to stay aligned on regional risk updates and initiatives impacting the program.

What will also help

• Experience working with supplier or vendor assessment frameworks, information security and/or operational risk programs within the payment industry
• Experience as an excel power user
• Professional accreditation in risk management
• Proficiency in Financial Systems (Ariba, Aravo, Oracle, Coupa, IBM)

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.