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Credit & Settlement Risk Manager, Europe

London, United Kingdom | Visa

  • Industry:
    Financial Services
  • Position Type:
    Full-Time
  • Functions:
    Risk Management
  • Experience:
Job Description:
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The role is part of the Credit & Settlement Risk (CSR) team who have accountability for the 2nd line of defence to proactively manage and mitigate credit and settlement risk for Visa Europe. Visa Europe has a growth strategy which requires a balanced and sustainable approach to risk versus reward, credit and settlement is one of the significant risks VISA Europe undertakes.


This role in the Continental Europe team requires you to be a subject matter expert on credit analysis for corporates and/or financial institutions including a good understanding and knowledge of credit rating models, their application and use. Key to the role will be the ability to manage a large portfolio of clients prioritising where required, managing difficult conversations, all whilst ensuring adherence to the Global CSR framework and procedures.You will need to use a variety of Visa systems and proactively interpret and apply your expertise to mitigating risk while striking the appropriate risk versus reward balance.


The role will require maintaining a strong relationship and partnering with Continental Europe Account Executives and Country Managers as well as the other regional CSR teams. There will be a strong emphasis on the ability to enhance CSR teams' capability to use data and analytical capabilities to improve processes, become more effective and provide better insights to actively make better risk management decisions.


What we expect of you, day to day:



  • Adhering to the CSR Framework, procedures, policy standards and controls.

  • Accountable in managing the credit and settlement risk for a portfolio of clients based in Continental Europe:

  • Ensuring all clients have up to date credit ratings, annual credit assessments are completed by the required deadlines set and credit ratings are reviewed proactively where pertinent new information becomes available such as external rating downgrades, mergers, financial difficulties, industry / country issues.

  • Portfolio management including watch lists, country credit ratings, client and industry monitoring, deep dive analysis, scenario and stress testing

  • Collateral management and controls

  • Ensuring clients, as set out in the Global CSR framework and controls, have appropriate collateral (security) in place to mitigate any potential losses.

  • Ensuring any waivers relating to collateral requirements are managed and in place supporting business growth, working with the relevant business accountable executives on a path to migrate clients off the waiver

  • Releasing collateral to clients as required

  • Managing the control environment in line with risk appetite and conditions for specific clients

  • Ensuring all collateral documentation is in place working closely with the CSR Collateral Analysts and Legal team

  • Client Engagement

  • Lead engagement with clients on issues including but not limited collateral requirements, new additional requests, distress situations

  • Clients in distress

  • Lead / support the risk mitigation activity where clients are in distress. This includes bankruptcies, managed winddowns, re-structures and credit deterioration

  • Lead and/or support the CSR Senior Manager and CSR Strategy and Engagement Director on CSR projects as required,  

  • Develop and enhance a data analytic approach to credit & settlement risk utilising VISA systems and tools with the purpose and focus of improving processes, becoming more effective and providing better insights to actively make better risk management decisions

  • Supporting Regulatory and Internal Audit requirements

  • Supporting the client on-boarding CSR team with overflow work as and when required

  • Any other ad hoc duties as required by the CSR Senior Leadership Team


Qualifications


• Strong experience as a credit underwriter working in a financial or payments

institution

• A sound / good understanding of a credit framework and controls environment including the application of the framework in a financial or payments institution

• Extensive experience in working with various stakeholders and managing difficult conversations

• Strong time management and prioritisation skills

• Demonstrable ability to use credit data and provide insightful analytics to better manage risk

• Knowledge, understanding and experience of risk management practices in financial services.

• Knowledge of the UK and wider European payments and / or financial services industry and the major trends affecting key stakeholders, including the regulatory, political and market environment, payment products and services, economic and competitive landscape, technology and the rising threat of data breaches

• Knowledge and experience of Visa Europe payment system, its governance principles and Visa Europe's compliance framework

• Develop knowledge and understanding of the CSR systems, data and capabilities


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.


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