The role is part of the team who have accountability for the 2nd line of defence to proactively managing and mitigating the credit and settlement risk for Visa Europe.
Visa has a growth strategy requiring a balanced and sustainable approach to risk / reward where credit & settlement risk is one of the significant risks the VISA Europe undertake.
The role requires to be a subject matter expert on credit analysis for corporates and financial institution including a strong 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, an intimate understanding of VEL Credit and Settlement framework and systems and the ability to proactively interpret and apply their expertise to mitigating the risk while striking the appropriate risk / reward balance.
The role will require maintaining a strong relationship and partnering with Global Credit & Settlement function, complying with the Global risk management framework, supporting, active participation and as appropriate influencing global projects to support Visa Europe.
There will be a strong emphasis on the ability to enhance Credit & Settlement Risk 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:
• Accountable to support the CSR Senior Manager in managing the credit and settlement risk for a portfolio of clients.
• Credit & Settlement Risk Framework (policy standards and controls).
o Ensure the framework meets the needs of the Visa Europe, complies with Global framework and adequately mitigates risk while balance risk / reward.
• Credit Analysis.
o Ensure all clients have up to date credit ratings, annual credit assessments are completed on time and credit ratings are reviewed proactively when pertinent new information becomes available such as ratings downgrades, mergers, financial difficulties, industry / country issues.
o Portfolio management including watch lists, Country credit ratings, client and industry monitoring, deep dive analysis, scenario and stress testing
• Collateral management and controls
o Ensure clients, as set out in the credit & settlement risk framework and controls, have appropriate collateral in place to mitigate any potential losses.
o Ensure collateral waivers are managed and in place supporting business growth, working with the relevant business accountable executives on a path to migrate clients off the waiver
o Manage any collateral release back to clients
o Manage any the control environment in line with risk appetite and conditions on specific clients where client
o Ensure all collateral documentation is in place working closely with the Legal team
• Clients in destress
o Led / support the risk mitigation activity where clients are in distress. This includes bankruptcies, managed winddowns, re-structures and credit deterioration
o Led / support on Credit Settlement projects as required, such as;
o Fintech growth framework including Trust agreements
o Acquiring risk management
o Expected Loss methodology and approach
• Client Engagement
o Led / support engagement with clients on issues relating to credit & settlement risk
• Data Analytics / systems and reporting
o 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
o Provide concise insightful MI and reports to support management decisions and risk mitigation including to CRO, RELT, Executive Risk Committee, business forums and stakeholders.
• Support Regulatory and Internal Audit requirements
• Support client on-boarding CSR team with overflow work including incentive deal
• Support the Head of Financial Risk Management as appropriate including representing the Financial Risk function with internal and external stakeholders