Vice President

**Risk & Security**

Full-time

**Date**: May 15, 2025

**Location**: Toronto, CANADA

**Job #**: REF055951W

**Job Type**: Full-time

**Job Description And Responsibilities**:
**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.

The Chief Risk Officer’s (CRO) key responsibilities in Canada will be to maintain trust in our global brand, championing security in the industry and differentiating Visa in the eyes of clients and key stakeholders. The CRO will advise the Canada Country Manager, the Canada Leadership Team and global functional leads on strategies related to complex operational, financial, legal and regulatory risk exposures.

**The Role**

The incumbent will have a dual reporting relationship to the North America Regional Risk Officer and the Canada Country Manager. The CRO will be entrusted with a broad portfolio of responsibilities including Strategic Risk Management for the business, Credit Settlement Risk, Ecosystem Risk (Fraud & Data Security), and Regulatory Compliance Risk across Canada. The CRO will also be part North American Risk Leadership Team and Canada Leadership Team helping to advance risk strategies & practices across North America and Globally. The Canada CRO will interact with and represent Visa to Canadian Government, Banking and Law Enforcement agencies, including the Canadian Anti-Fraud Centre, Royal Canadian Mounted Police, Bank of Canada, Canadian Bankers Association and Payments Canada. In addition, the CRO will interact with Issuing, Acquiring and Merchant clients, with the goal of providing insights to improve overall ecosystem risk performance.

In addition to overseeing Strategic Risk Management, the CRO will have responsibility for championing security in the industry and maintaining the integrity of the payments ecosystem. The CRO is responsible for negotiating and executing on comprehensive industry security roadmaps to ensure our clients make investments in data security, authentication and consumer empowerment to protect cardholders, merchants and all stakeholders in the industry.

The CRO will contribute to development of interoperable and secure digital identity standards, which work with Open Banking, leveraging Visa’s network assets and create a value proposition for Visa’s clients.

The CRO will develop comprehensive Country Risk Plans, security priorities and execute strategies to prevent fraud, enhance user authentication, safeguard sensitive data, identify and respond to data breaches and prevent the misuse of the payment system for unlawful purposes. The CRO will also be responsible for representing Visa’s Credit Settlement Risk policy to protect Visa against financial loss in the case of a failure of an issuing or acquiring client.

**Key Responsibilities**
- Develop and execute a comprehensive risk plan that is consistent with local market landscape, country priorities and global risk strategy.
- Execute both internal and external risk management programs
- Lead client forums (Canada Risk Councils, working groups, etc.)
- Promote & support client adoption of Visa risk products / solutions / initiatives
- Identify new, creative win-win methods to reduce and mitigate payment system risk, fraud and cardholder data security risks
- As a member of the Canada Leadership Team, serve as a trusted & strategic advisor to the Canada Country Manager on all risk issues
- Ensure Visa Canadas regulatory compliance
- Design, implement, and oversee comprehensive compliance programs that meet regulatory requirements and uphold Visa Canada's standards and policies.
- Stay abreast of changes in regulatory guidelines and legislation. Ensure that Visa Canada remains compliant with Bank of Canada and Department of Finance
- Regularly conduct risk assessments to identify potential areas of compliance vulnerability and develop action plans for resolution of problematic issues.
- Ensure accurate and timely submission of regulatory reports and filings. Maintain detailed records and documentation to support compliance activities.
- Collaborate with internal and external auditors to facilitate compliance audits and inspections. Evaluate audit findings and implement corrective actions as necessary.
- Advisory Role: Act as a key advisor to senior management and the Board of Directors on regulatory compliance matters. Provide guidance and recommendations to support strategic decision-making.
- Prepare