Director, Risk and Compliance - Jobs in Toronto

Job Description

Job DescriptionThe Director will be instrumental in several key areas: Upholding regulatory compliance within Visa Canada #39;s operations. Collaborating with diverse teams to keep a pulse on market trends and opportunities for proactive risk engagement.Engagement with the Bank of Canada, fostering confidence in Visa #39;s services as a reliable consumer payment method through unwavering integrity. Providing strategic advice to minimize fraud and manage potential risks.This is an individual contributor role reporting to the Head of Risk for Visa Canada.

• Support the Head of Risk for Visa Canada in developing and executing the risk and compliance strategy and vision for the Canadian market.
• Implement and manage the regulatory compliance framework for Visa Canada and ensure effective regulatory compliance with the Bank of Canada under the Prominent Payments System and Retail Payments Activities Act
• Respond to inquiries from BoC, Regulators or other relevant stakeholders, and provide information, facilitate audits and inspections where required.
• Collaborate with Visa Global Risk and Regulatory Governance teams to ensure timely ongoing reports, incidents reports, new initiatives as they relate to Visa Net and work with BoC effectively to minimize any disruption to Visa.
• Provide subject matter expertise and guidance to internal stakeholders on the requirements and expectations of the PPS designation and RPA Act and advise on the impact of regulatory changes and developments.
• Identify and escalate compliance issues and incidents, and work with relevant stakeholders to remediate and prevent recurrence. Develop and update policies, procedures, and controls, conducting risk assessments, and reporting on compliance performance.
• Leading and supporting Visa Canada #39;s audit activities and ensuring compliance with the internal and external audit standards and recommendations.
• Oversee and support the transition and management of the Non-FI pilot program to license Non-Bank entities as issuers and/or acquirers in the market in order to drive innovation, promote the fin-tech sector and support international entities who would like to participate in the evolving issuing and/acquiring marketplace in Canada to an ongoing Fintech Program
• Translate actionable fraud intelligence into tactical strategies for clients. Deliver risk-based market insights that combine unparalleled quantitative and qualitative fraud analysis.
• Cultivate and manage relationships with clients to ensure adherence to Visa’s standard of excellence.
• Produce insights, analyses, and recommendations to improve client performance, boost growth, drive understanding of client issues and provide strategic guidance for client priorities across the product categories and segments.
• Effectively manipulate and analyze large data sets (industry and Visa) to determine meanings, insights, and recommendations for clients.
• Identify opportunities to enhance the payment ecosystem and advance risk management best practices.
• Assess emerging/innovation risks and new business models for potential including identifying gaps in current suite of offerings (e.g., A.I. readiness and authentication threats).

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.