The Director, CEMEA Regulatory and Risk Governance will manage supervisory and regulatory matters with focus on the Central Europe, Middle East and Africa (CEMEA) region.
The Director in this role will support the CEMEA Regional Risk Officer and VP of Regulatory and Risk Governance (RRG), with regulatory supervisory efforts to evolve and expand the global Supervisory and Regulatory Management infrastructure in CEMEA. Through close collaboration with Government Engagement, Risk, Legal and others, the Director will support Risk to standardize regional regulatory engagement processes (e.g., incident and other compulsory reporting), establishing a common-approach and ensuring consistency, in parallel with maturing risk governance practices to manage the increasing complexity of supervisory engagements in market.
The Director will own the regional framework for identifying, monitoring, and managing supervisory relationships, coordinate Global input/responses for regulatory reporting obligations and inquiries from regulators, which continues to increase in CEMEA region.
The Director will also mature risk governance practices in the region to support supervisory engagements and comply with requirements to secure/renew Visa’s local operating licenses in CEMEA.
The Director will play an extended leadership role on the team, and assist the CEMEA Regional Risk Officer and the Vice President of RRG with key department initiatives and ongoing efforts such as tracking, metrics, presentations and reporting to Senior Management.
Description and primary responsibilities
· Strengthen partnerships with Government Engagement, Legal, Compliance, and other key stakeholders in the region.
· Ensure that regulatory requests are addressed in a timely and consistent manner.
· Partner with business and functional teams to engage with government stakeholders, to foster sound conditions to operate across the region, obtain Visa operating licenses in key markets (as necessary), and maintain compliance with requirements to secure/renew Visa’s local operating licenses.
· Create insights on regulatory and supervisory topics for effective business response and mature risk governance practices in the region to support supervisory engagements and to manage the growing interest from multiple regulators
· Aligned with the VP and other RRG Senior Directors a consistent approach for topics that become trends across the regions.
· Propose metrics to ensure an on-going measurement of goals and desirable outcomes from the different stakeholders.
· Streamline processes and standardize management of regulatory reporting obligations in alignment with the VP and other RRG Senior Directors.
· Proactively manage multiple inquiries and coordinate deliverables to meet expectations of regulators and internal clients (e.g., Government Engagement, Legal, Compliance, Products, Finance).
· Coordinate with regional subject-matter experts to develop new responses as needed.
· Assist with development of communications, presentations and training materials.
· Maintain documentation on regulatory requests supported and responses provided.
· Provide regular and ongoing reporting, metrics and information related to regulatory and supervisory management.
· Provide support to Regional Risk Officer in identifying key regulatory and supervisory topics to disclose to the regional leadership team.
In addition to the primary responsibility, the person in this role may be called on to support the team on other risk and regulatory work streams as needed.
This position will have dual report to the CEMEA Regional Risk Officer and to the VP of Regulatory and Risk Governance, and will be based in either Kiev or Moscow.
• Bachelor’s Degree (or equivalent)
• 7+ years of relevant experience in one of the following functions: Corporate/Risk Governance, Risk Management, Compliance, Audit, Regulatory Management, Legal or related areas
• Experience with regulator management (direct or indirect)
• Understanding of current and emerging payment system regulation/supervision in CEMEA or US
• Experience preparing/reviewing/delivering executive level communications
• Experience in payments/banking or related segments, or alternately, good understanding of payments business and associated risks
• Fluent in Russian (verbal and written). Working knowledge of French would be a plus.
• Proficient with Microsoft Power Point, Excel, Word and Outlook.
Success Factors/Desired Attributes
• Positive, proactive and solution oriented – a problem solver who finds ways to overcome challenges and get things done
• Takes full ownership of assigned responsibilities
• Has initiative and driven to go beyond the minimum requirements, not a “check-the-box” mentality
• Exercises good judgment
• Organized and structured in thinking and approach to work
• Can juggle multiple assignments, but with a keen sense of priorities
• Has great attention to detail
• Excellent verbal and written communication skills – able to adapt and deliver for different audiences
• Works well with people of varying backgrounds, expertise levels and personalities
• Builds and maintains strong cross-functional partnerships
• Can perform under pressure
• Able to coach/guide/train junior members of the team
• Balance of strategic thinking and execution
• A team player