Senior Risk Manager - Regulatory Compliance & Monitoring

The Senior Risk Manager for Regulatory Compliance and Monitoring will be responsible for overseeing the adherence of Visa’s Payment Arrangement Participants to the requirements of Resolution 522, which amends Resolution 150 from the Central Bank of Brazil. This role will leverage internal monitoring platforms and tools to ensure that all technical, operational, and regulatory requirements are met, supporting Visa Brazil’s commitment to risk management and regulatory compliance. The Sr. Risk Manager will collaborate across functions, ensure internal controls recommendations are implemented on time, develop the communication plan to Participants, and report compliance statuses and incidents as required.

This position will report to Visa’s Brazil Head of Risk.

Key Responsibilities:

• Monitor Participants’ compliance with Res. 150/522 and related Visa regulations, using internal platforms (e.g., Risk Radar, VERC, Monday, etc).
• Conduct periodic and ad hoc reviews of Participant activities, including transaction monitoring, reporting, and risk assessments.
• Coordinate and execute audits, investigations, and inspections as required by Visa or regulatory authorities.
• Provide regulatory guidance and support to Participants, ensuring timely updates and accurate information submission.
• Prepare and deliver compliance reports, including incident notifications to regulatory bodies (BACEN) within statutory deadlines.
• Identify and escalate non-compliance, recommend corrective actions, and track remediation efforts.
• Engage with internal stakeholders (Risk, GA, Compliance, Legal, Sales) to optimize monitoring processes and resolve compliance issues.
• Train and support Participants in best practices for regulatory compliance and risk management.

Critical Competencies:

• Integrity and high ethical standards.
• Ability to manage multiple priorities in a fast-paced environment.
• Leadership and teamwork across functions and with external stakeholders.
• Intellectual curiosity and adaptability to evolving regulatory requirements.

This is a hybrid position. Expectation of days in the office will be confirmed by your Hiring Manager. 

Basic Qualifications:

• 8 or more years of relevant work experience with a Bachelor Degree or at least 5 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 2 years of work experience with a PhD 

Preferred Qualifications:

• 9 or more years of relevant work experience with a Bachelor Degree or 7 or more relevant years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 3 or more years of experience with a PhD
• 10+ years of experience in risk management, regulatory compliance, or payment industry oversight.
• Strong knowledge of Brazilian payments regulation, especially Res. 522 and Res. 150 (BCB).
• Proven expertise in operational risk, fraud prevention, AML, and monitoring platforms.
• Excellent analytical, communication, and problem-solving skills.
• Fluent in English. Advanced in Spanish.
• Bachelor’s degree in Law, Business, Finance, or related field; advanced degree preferred.

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.

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