Job Description
You will build out and lead a small team of risk professionals to oversee our risk policies, set our governance framework and provide overall risk oversight for our merchant acquiring capabilities globally. Reporting into the Senior Director of Enterprise Risk. Your work will include, although not limited to the following.
What You’ll Be Doing?
- Leading efforts to manage Prudential Risks including credit, market, liquidity, operational, insurance and group risk.
- Work with Finance on probability of default models and loss provision
- Monitor overall portfolio credit risk (default probability, stress testing, risk rating distribution, portfolio concentration)
- Develop Minimum Acceptance Criteria for high credit risk verticals
- Develop risk management, client due diligence, and underwriting policies for industry verticals working in close partnership with legal, financial crimes compliance and first line underwriting and risk operations teams
- Define risk appetite and budgets in partnership with first line risk teams.
- Establish fraud models and budgets; set standards and provide oversight of fraud monitoring
- Provide Board and regulatory reporting as required across legal entities globally; represent our risk program to partners and regulators
- Manage key risk relationships with payment networks, acquirers and banking partners; drive discussions with partners on rules and regulations; provide reporting as needed
- Monitor overall portfolio credit risk (default probability, stress testing, risk rating distribution, portfolio concentration)
- Create response plans (e.g., monitoring world economics, research new verticals, covid-19 response)
- Build a close partnership with the Financial Partnerships team to drive and represent risk objectives
- Collaborate internally across Risk Operations, Financial Crimes, Legal, and Product teams to implement or iterate on risk controls to meet partner requirements