What you’ll do at
Position Summary…
What you’ll do…
The Head of Risk is a senior leadership role within Walmart’s Marketplace business responsible for overseeing the risk management function in the organization. This role reports up to the Vice President of Seller Performance and Support and owns seller policy and plays the lead role in i dentifying , assessing, and mitigating risks, a s well as creating and implementing strategies and plans to enhance organizational performance and achieve business objectives . This leader will also partner closely with the functions responsible for acquiring , lifecycle managing, and optimizing Seller growth and success as well as those that ensure organizational and marketplace compliance.
Responsibilities
Risk Management Strategy:
- Develop and implement a comprehensive risk management strategy that aligns with the organization’s goals and objectives . Identify potential risks, assess their potential impact, and develop strategies to mitigate and manage them effectively.
- Provide strategic input and leadership for product, technology and data roadmaps and plans ensuring alignment to requirements of the risk business.
- Stay up-to-date on industry trends, emerging technologies, and best practices related to Marketplace risk management, and proactively incorporate them into risk policies and strategies.
Manage Marketplace Risk :
- Develop and implement risk management policies and procedures specifically tailored to eCommerce and Marketplace operations, aligning with industry best practices and regulatory requirements.
- Conduct risk assessments to identify , evaluate, and prioritize risks associated with transactions, payment processing, data security, and fraud prevention.
- Collaborate with internal stakeholders, including legal, compliance, product, technology, data science and operations teams, to establish and communicate risk policies and align and coordinate execution.
- Monitor and evaluate emerging risks and regulatory changes affecting eCommerce, recommending adjustments to risk policies and procedures as needed.
- Identify and implement effective fraud prevention measures, including the use of fraud detection tools and technologies, to minimize financial losses and reputational damage.
- Collaborate with internal compliance and audit teams to perform periodic reviews and audits of risk controls and identify areas for improvement.
- Partner closely with these organizations to ensure risk management practices comply with applicable regulations and standards.
- Provide guidance and support to eCommerce teams in implementing risk management practices and ensuring policy adherence.
- Monitor key risk indicators and metrics related to eCommerce operations, analyze trends, and prepare reports for senior management and executive stakeholders.
Risk Optimization and Mitigation:
- Develop and implement risk optimization and mitigation strategies and controls to reduce the organization’s exposure to potential risks while best supporting growth plans.
- Collaborate with relevant stakeholders to ensure effective implementation and monitoring of risk mitigation measures.
- Risk Assessment and Analysis: Partner with risk decision science to conduct risk assessments to identify , evaluate, and prioritize potential risks.
Team Leadership: Lead and mentor a team professionals. Foster a collaborative and high-performing work environment, promoting professional growth and development within the team.
Stakeholder Communication: Effectively communicate risk-related information, analyses, and recommendations to senior management, executives, and relevant stakeholders. Present complex concepts in a clear and concise manner to facilitate understanding and support decision-making processes.
Preferred Qualifications
- Bachelor’s degree in a relevant field such as business, economics, finance, or related disciplines. A master’s degree or MBA in a related field is highly desirable.
- Extensive experience (15+ years) in risk management wit h a trac k reco rd of driving successful outcomes.
- Extensive experience (15+ years) in eCommerce, Financial Services, and online Marketplaces is highly desirable. This includes experience both building in a high growth environment as well as successfully executing in a multi-billion dollar globally scaled enterprise.
- In-depth knowledge of risk management frameworks, methodologies, product s and technologies, and best practices.
- Familiarity with relevant regulatory requirements and industry standards.
- Excellent leadership and people management abilities, with a proven ability to lead and motivate teams.
- Exceptional communication and presentation skills, with the ability to convey complex concepts to both technical and non-technical stakeholders.
The above information has been designed to indicate the general nature and level of work performed in the role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The full Job Description can be made available as part of the hiring process
About Walmart Ecommerce
We are Walmart eCommerce – the team shaping the future of online shopping by defining the global online marketplace that influences millions of shoppers daily. We bring a passion and expertise that is unmatched, and our efforts have an epic impact on the world around us, both inside and outside of work. With colleagues across the nation, we strive to create a sense of belonging and embrace diversity in all forms, with no shortage of guidance and support for you as you grow and develop your career here. Discover the impact you can make at careers.walmart.com.
At Walmart, we offer competitive pay as well as performance-based incentive awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more.
You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable. For information about PTO, see https://one.walmart.com/notices .
Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam’s Club facilities. Programs range from high school completion to bachelor’s degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.
Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms. For information about benefits and eligibility, see One.Walmart at https://bit.ly/3iOOb1J .
The annual salary range for this position is $130,000.00-$260,000.00
Additional compensation includes annual or quarterly performance incentives.
Additional compensation for certain positions may also include:
– Regional Pay Zone (RPZ) (based on location)
– Stock equity incentives
Minimum Qualifications…
Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications
Bachelor’s degree in Business Administration, Engineering, Operations , or related field and 6 years’ experience in operations, project
management, or related area OR 8 years’ experience in operations, project management, or related area.
4 years’ supervisory experience.
Preferred Qualifications…
Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Leading a cross-functional team
Masters: Business Administration, Masters: Computer Engineering, Masters: Operations Management
Project Management – Project Management Professional – Certification Primary Location… 702 SW 8TH ST, BENTONVILLE, AR 72716, United States of America
About Walmart
At Walmart, we help people save money so they can live better. This mission serves as the foundation for every decision we make, from responsible sourcing to sustainability-and everything in between. As a Walmart associate, you will play an integral role in shaping the future of retail, tech, merchandising, finance and hundreds of other industries-all while affecting the lives of millions of customers all over the world. Here, your work makes an impact every day. What are you waiting for?
Walmart, Inc. is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
Hello, NW Arkansas
With over 200 miles of trails, an emerging locally-sourced food scene, the world-renowned Crystal Bridges Museum-NWA has something for everyone.