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Director, Global Treasury Settlement

Visa

Visa

Accounting & Finance
New York, NY, USA
Posted on Oct 21, 2024

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

Visa Global Treasury is looking for a senior finance professional that has in-depth, hands-on settlement experience to support Treasury activities in the Latin American and Caribbean (LAC) and North American regions. This individual will have direct responsibility for overseeing settlement services in North and Latin America and Caribbean Regions. The person will lead the Relationship Management aspects with Settlement Agents, either Central Bank, Commercial Bank or Inter-Bank Companies and provide settlement product consultancy to a wide array of internal and external stakeholders.

The role is based in New York and reports to the Senior Director, Head of Treasury Settlement for the Americas.

Essential Functions:

  • The role will have leadership responsibility for Settlement Services for a portfolio of countries and acts as a consultant to a broad range of internal and external stakeholders.
  • Role manages all resolution of settlement operational issues affecting the safe execution of local funds transfers by Settlement Banks.
  • In addition, this position will facilitate new business and product launches via the creation of new settlement services. There will be particular emphasis on mitigating operational and liquidity risks.
  • Highly developed problem-solving strategic thinking and decision-making skills are required in order to provide consultancy on Treasury Settlement related issues to senior level executives both internally to Visa and externally at Government and Central Bank Governor level.
  • Encourage team via analysis and development of their ongoing settlement, FX, cash management, liquidity and systems subject matter expertise to provide direction to internal Product stakeholders concerning the optimal best-practice setup and restructure of settlement services
  • Develop team’s ability to provide consultancy on International Settlement set up issues when NNSS is a factor and streamline processes for Client onboarding while enhancing related documentation accordingly.
  • When required as part of a production roster, manage daily settlement advice and reconciliation production duties via internal proprietary applications, external vendor applications and banking portals.
  • Provide guidance on the structure of new Settlement Services implementations or changes to existing settlement services focusing on regulatory issues which impact settlement operations and settlement design locally.
  • Lead major incident management responses at a regional level spanning major system issues, client or settlement agent failure, civil unrest or responses to OFAC sanctions by eliminating the reputational risk to Visa
  • Ensure all Treasury procedures and processes are documented, reviewed and updated annually for accuracy.
  • Lead the management of audit and business resumption planning and testing responses
  • Lead Treasury responses as relates to National Payment System initiatives both via in person meetings and workshops and via consultancy regarding Central bank engagement and regulator or legislative impacts
  • Lead effective cross functional project collaboration with Product, Risk, Legal, CSR, Government Engagement, and Processing to design funds transfer frameworks for settlement schemes in countries where domestic products are predominant, and the availability of foreign exchange liquidity is scarce
  • Collaborate on strategic direction for settlement related rules that impact client’s abilities to pay and be paid by Visa simplifying where possible.
  • Develop strong relationships with stakeholders in the market such as Country Managers, to design settlement models that closely resemble best practices to minimize client impacts.
  • Partner with country managers and other cross-functional teams to deal effectively with country level crises impacting settlement.

This is a hybrid position based in New York, NY. 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.

Local Law 144 Notice for New York City Resident Applicants: For some requisitions, automated employment decision tools ('AEDTs') may be used as part of the assessment process to assist our recruiters in the initial evaluation of your application. If your application is submitted pursuant to New York City Local Law 144, you may request an alternative assessment from the recruiter. Please visit the Visa Global Privacy Notice to learn how we may collect, process, or retain your professional and employment information for recruiting purposes.

Qualifications

Basic Qualifications
• 10 or more years of work experience with a Bachelor’s Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD
• English and Spanish verbal and written required


Preferred Qualifications
• 12 or more years of work experience with a Bachelor’s Degree or 8-10 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 6+ years of work experience with a PhD
• 10+ years of experience and expertise in the payments industry, with progressively increasing levels of responsibility
• Global treasury settlement experience with payments, corporate treasury, banking wire room operations
• Management of operational or technical teams
• Project management experience
• Portuguese is a plus
• Knowledge of the Visa business, organization and systems
• Graduate level degree preferred
• Certifications: CTP, PMP, or Lean Six Sigma preferred
• Leadership and management experience
• Treasury and Settlement subject matter expert with an in-depth understanding of banking/settlement account arrangements
• Solid interpersonal skills and working with cross-functional teams
• Exceptional communication skills (written and oral), with a demonstrated proficiency in Microsoft Office applications (i.e., Excel, PowerPoint, Word, Outlook)
• Self-directed and motivated and able to efficiently prioritize workload for the team
• Superior negotiation skills leading to timely and acceptable resolutions
• Solid interpersonal skills and working with cross-functional teams
• Issues management skills
• Strong prioritization skills
• Able to discern business needs in order to plan and guide actions of others in a number of contexts including issue resolution, process flow design, project planning, and working with IT

Additional Information

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel 5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

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.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 161,500.00 to 234,200.00 USD per year, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.