Rules Development Consultant

Visa is a world leader in payments technology, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories, dedicated to uplifting everyone, everywhere by being the best way to pay and be paid.

At Visa, youll have the opportunity to create impact at scale — tackling meaningful challenges, growing your skills and seeing your contributions impact lives around the world. Join Visa and do work that matters — to you, to your community, and to the world.

Progress starts with you.

CIE - Visa Rules Management VRM supports the structural foundation of the Visa Payments network to ensure the safety, security and integrity of the payment system and assists Visa clients in the development of their electronic payments business. VRM engages with most areas of the Visa business, the role provides a great opportunity as a career stepping-stone to expand one’s business connections and knowledge across the company.

Role:

This is an operational role for seasoned individual contributors responsible for the development of Visa rules including understanding the downstream impacts of business function sponsor proposals for new or updated products, systems, services, programs or other initiatives whilst ensuring they meet the regulatory and strategic objectives of Visa.

Includes leading the development and approval of waivers to the Visa Charter Documents, Visa Core Rules and Product and Service Rules, associated Supplemental Requirements and the various laws governing payment systems across the globe.

The role holder will work independently under limited supervision. Work is mostly defined by the business initiative but can often be complex with respect to assessing the impact to the wider ecosystem.

Essential Duties

This person will be responsible for leading the development and approval of waivers to the Visa Charter Documents, Visa Core Rules and Product and Service Rules, associated Supplemental Requirements and the various laws governing payment systems across the globe. The role holder must ensure that all materials meet department standards of quality and are delivered to the Visa Rules Committee for approval.

The role requires guiding business functions and Clients through the process of waiver concept, development, review, approval, and publication. In addition, the role ensures that all appropriate approvals are obtained from other Visa Committees, as appropriate, as well as ensuring all such processes are documented and managed within the global function.

Role specifics cover

• Management of multiple moderate to complex rule waiver topics with Business Sponsors at any one time prioritizing as appropriate and provision of direction to staff in various Visa business functions
• Responsible for the development of new and revised Visa rules.
• Managing waivers through the approval process and providing guidance and updates to business sponsors and clients throughout the review process
• Provides advice and interpretation on regulatory matters, as documented in the Visa Rules to clients and Visa staff
• Management of multiple proposals with business sponsors at any one time prioritizing as appropriate and provision of direction to Visa staff in various Visa business functions
• Reviews Visa Business News articles prior to release, as needed
• Communicates waiver approvals to impacted clients
• Supports the development and maintenance of departmental processes and procedures
• Must manage independently to priorities liaising with business functions as required based on Visa strategy and key business drivers
• Supporting of the Visa Rules Committee Due Diligence and Governance Process
• Representing the Visa Rules Management team within the global and regional offices to ensure Visa global initiatives and best practices effectively maintained and, when needed, introduced

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

Basic Qualifications:

5 or more years of relevant work experience with a Bachelors Degree or at least 2 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 0 years of work experience with a PhD



Preferred Qualifications:

6 or more years of work experience with a Bachelors Degree or 4 or more years of relevant experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or up to 3 years of relevant experience with a PhD

Extensive work experience with a Bachelors Degree or equivalent

Fluent English speaker and writer, multi-lingual capability is a plus

Experience gathering business requirements and translating needs into successful deliverables that are easy to understand

Strong interpersonal skills and proven abilities in negotiating with and influencing customers and staff at all levels, including strong written and verbal communications skills

Excellent writing and verbal skills to convey complex topics in Plain English

Strong analytical aptitude and demonstrated track record of working with data to develop business-oriented solutions as well as the ability to apply sound business analysis to limit the downstream impact of decisions

Excellent research, analytical skills and problem-solving skills.

Experience working cross-culturally and in remote situations.

Ability to effectively work under pressure, self-challenging and adhering to tight deadlines

Ability to set priorities and manage expectations, and work both as part of a team and independently

Extensive experience in Visa, a Membership organization, card industry or equivalent

Awareness and understanding of Visa and Client, Industry business priorities

Understanding of Visa products, services and systems

Knowledge of the Visa Rules

Working intermediate knowledge of Microsoft Office, SharePoint

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.