Vice President, Global Head of Credit and Core Product Strategy
- Full-time
- Job Family Group: Product Development
Company Description
Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries to fast, secure and reliable electronic payments. Visa operates one of the world’s most advanced processing networks, VisaNet, offering fraud protection for consumers and assured payment for merchants, capable of handling more than 65,000 transaction messages a second. Visa’s retail electronic payments network provides processing services and payment product platforms that include consumer credit, debit, prepaid and commercial payments offered under the Visa, Visa Electron, Interlink and PLUS brands.
Visa enjoys unsurpassed acceptance around the world, and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency. Visa is not a bank and does not issue cards, extend credit or set rates and fees for customers. Visa’s innovations, however, enable its financial institution customers to offer consumers many more choices.
Visa is headquartered in California and employs over 10,000 people worldwide. The global firm provides digital payments products, services, and processing to over 17,000 financial institution clients and partners, 40 million merchant outlets and 3 billion Visa accounts worldwide. In 2015, Visa Inc. delivered operating revenues of $13.9bn and net income of $6.4bn.
In June, Visa Inc. completed the acquisition of Visa Europe to create a single global company. Integrating Europe gives Visa the financial strength and operational scale to accelerate the next generation of payments throughout the region. Visa Europe revenue in 2015 rose 25% to €2.3bn and the business now accounts for €1 in every €5.70 spent with over 500 million cards in issue. The European business reports net income of €1 billion, assets of €3 billion and a headcount of 2000.
Everyone at Visa works with one goal in mind – making sure that Visa is the best way to pay and be paid for everyone everywhere. This is the firm’s global vision and the common purpose that unites the entire Visa team. As a global payments company, technology is at the heart of what Visa does.
Job Description
The Vice President will be a member of the Global Core Products Leadership Team responsible for supporting the strategy and growth of Visa’s Core Products, worldwide – with a focus on key markets and global initiatives.
This person will manage two teams:
A Core Product Strategy team of flexible, consultative resources to lead or support key initiatives and markets globally, where these initiatives involve combinations of Prepaid, Debit, and Credit.
A Core Credit team focused on growing revenue opportunities for Credit products by leveraging Visa’s current set of solutions and products, by engaging deeply with cross-functional partners, particularly Risk.
This person will articulate and advocate Visa’s Core Product strategy, with a specific focus on the expansion of Visa’s Core Credit solutions. He/she will work closely with the SVP of Global Core Product, regional and country Product teams, and cross-functional partners to identify, prioritize and execute on key growth opportunities spanning Prepaid, Debit, and Credit. He/She will coordinate closely with the global leads for Prepaid and Debit on these opportunities.
Ideal candidates will bring to the role wide-ranging experience and insight across the payments environment. The role brings exposure to traditional banking and retail distribution as well as emerging client categories and channels, in both developed and emerging markets. Global perspective and a strong grounding in the management of Product and country P&Ls is critical; specifically, understanding the unique nuances of each market, commonalities across markets, inspiring ideas, developing and testing concepts, and ensuring regional support.
Specific Responsibilities Include:
- Evolving and operationalizing the Global Core Product strategy and priorities across products and regions in order to drive growth
- Acting as the ‘connective tissue’ ensuring that the evolutionary development of current Product capabilities complements future, non-evolutionary Product capabilities currently in early development
- Identifying and prioritizing key countries for acceleration, and the specific activities that would be effective to do so
- Building and maintaining a strong network across functions, connecting the dots as new capabilities which could benefit Core Product are built
- Evaluating and developing product constructs to complement evolving ACH/real-time payment solutions, national payment networks and local schemes where possible and appropriate
- Build, own and deliver a pipeline of global initiatives as aligned with Product and regional leadership teams
- Supporting global Prepaid, Debit or Credit client RFPs and strategic partnerships
- Leveraging Visa’s regional/global knowledge base (e.g. best practices, performance metrics, market insights, economics) specifically as relates to Credit
- Demonstrating subject matter expertise on technology/innovation trends both internally and externally, to guide global strategy and initiatives.
An understanding of product development, digital innovation and business and technology trends affecting the future is a must. Demonstrated strength in building and maintaining internal and external relationships will also be a critical factor to success.
Qualifications
An understanding of product development, digital innovation and business and technology trends affecting the future is a must. Demonstrated strength in building and maintaining internal and external relationships will also be a critical factor to success.
- Minimum 18-20 years of experience in payments, with significant expertise in product management and development, strategy consulting and execution
- Demonstrated success in developing, articulating and championing a strategy
- Passion for realizing opportunities and resolving issues in the payments industry,
particularly debit, prepaid and ATM products, with an ecosystem approach - Global perspective and awareness of market differences and commonalities
- Strategic and analytical thinker; demonstrated aptitude to learn quickly
- Effective communicator, especially in teaching and influencing scenarios
- History of growing emerging businesses through strategy, innovation, development, and
commercialization of new products and services - Results-oriented individual who challenges the status quo in order to drive a culture of
constant improvement - Hands-on and nimble, while also able to navigate a globally matrixed environment
(modeler of collaboration and influence) - Process oriented, with a high attention to detail and quality on both internal team
work and external products brought to market - Ability to work in a fluid and innovative environment with shifting priorities
- Bachelor’s Degree required; Master’s Degree in Business or related field preferred
Additional Information
Common Purpose, Uncommon Opportunity
Everyone at Visa works with one goal in mind – making sure that Visa is the best way to pay and be paid, for everyone everywhere. This is our global vision and the common purpose that unites the entire Visa team. As a global payments technology company, technology is at the heart of what we do: Our VisaNet network processes over 13,000 transactions per second for people and businesses around the world, enabling them to use digital currency instead of cash and checks. We are also global advocates for financial inclusion, working with partners around the world to help those who lack access to financial services join the global economy. Visa’s sponsorships, including the Olympics, NFL, and FIFA™ World Cup, celebrate teamwork, diversity, and excellence. If you have a passion to make a difference in the lives of people, Visa offers an uncommon opportunity to build a strong, thriving career. Visa is fueled by our team of more than 11,000 talented employees who continuously raise the bar on delivering the convenience and security of digital currency to people all over the world. Join our team and find out how Visa is everywhere you want to be.
All your information will be kept confidential according to EEO guidelines