At a Glance
- Tasks: Lead the Benefits Centre of Excellence, driving innovation and strategic sourcing for insurance benefits.
- Company: Join Visa, a global leader in payments technology, making a real impact worldwide.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Be part of a dynamic team focused on excellence and innovation.
- Why this job: Shape the future of consumer benefits and elevate experiences across Europe.
- Qualifications: Experience in consumer banking, partnership negotiation, and product development is essential.
The predicted salary is between 100000 - 150000 £ per year.
About Us 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, you'll 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.
Job Description Visa's Benefits Centre of Excellence (CoE) aims to centralise the sourcing, negotiation, onboarding and lifecycle management of premium benefits, giving issuers a turnkey solution that elevates Visa’s consumer propositions and directly advances our Consumer Solutions Strategy for Affluent in Europe. Its scope spans Europe-wide supplier identification, commercial and operating model for faster time to market, higher cost efficiencies in benefits sourcing, and optimal partner integration with ongoing performance optimisation across Travel, Peace of Mind, Lifestyle & Entertainment, and other benefit areas - driving affluent acquisition, activation and spend, fuelling sustainable revenue growth for our clients. This role will be responsible for establishing and leading the Insurance benefits vertical, best practices, sales and operational excellence, ensuring alignment with organizational goals and delivering measurable impact.
Key Responsibilities
- Strategic Sourcing and Commercial Leadership
- Develop and execute a sourcing strategy for insurance benefits that prioritizes innovation, differentiation, and commercial viability.
- Lead negotiations with insurance benefit providers, securing favorable commercial terms, managing cost structures, and maximizing margins.
- Own the contracting process, ensuring compliance, risk mitigation, and alignment with Visa’s strategic goals.
- Design and implement scalable insurance benefits with clear pricing models and profitability targets.
- Product Ownership & Innovation
- Define and evolve the strategic roadmap for benefits with propositions team, ensuring differentiation, customer relevance, and alignment with strategy.
- Own the full product lifecycle—from ideation and design to launch and post-launch optimization.
- Continuously gather user and client feedback to identify pain points and drive enhancements.
- Profitability and Performance Management
- Establish and manage benefit-level dashboards to track key metrics including engagement, cost, margin, NPS, and ROI.
- Monitor and optimize program economics, identifying levers to improve profitability and reduce operational inefficiencies.
- Collaborate with Finance and Operations to align on financial targets, forecasting, and performance reviews.
- Partner Onboarding & Relationship Management
- Oversee onboarding of benefit providers, ensuring seamless integration, operational readiness, and brand alignment.
- Manage ongoing relationships with global and regional partners, driving joint roadmaps and mutual value creation.
- Ensure structured performance reviews and feedback loops with providers.
- Operational Excellence & Program Delivery
- Ensure flawless execution of benefits across markets, maintaining high standards of quality, service, and client customization.
- Implement best practices in program management, including lifecycle oversight, issue resolution, and post-event reporting.
- Drive continuous improvement in delivery processes, leveraging data and feedback to refine operations.
- Market Activation and Sales Enablement
- Support client engagements with compelling benefit narratives and segment-specific content.
- Collaborate with sub-regional teams to tailor benefit offerings to local market needs and drive adoption.
- Lead go-to-market strategies for benefit packages, enabling deployment at issuer or market level.
- Build and lead a world-class benefits team with expertise in sourcing, contracting, partner management, and operations.
- Foster a culture of excellence, innovation, and accountability, ensuring continuous development and high performance.
- Define clear roles, responsibilities, and success metrics across the team to drive execution and impact.
This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager. Visa requires at least 3 days in office, expectations of these days will be confirmed by your Hiring Manager.
Qualifications
- Experience: Consumer banking, payments, engagement/ loyalty management, CVP building experience, credit card proposition design desirable.
- Partnership Skills: Proven track record in negotiating and securing high-value partnerships globally and within Europe.
- Product Expertise: Experience designing, building, and launching consumer benefits with issuers and FinTech's.
- Strategic & Analytical: Ability to interpret market trends and client needs into innovative solutions.
- Technical Aptitude: Comfortable with functional specifications and diverse partners ecosystem integrations.
- Execution Focus: Results-driven, able to deliver in fast-paced environments with cross-functional engagement.
- Soft Skills: Strong negotiation, problem-solving, communication, collaborative team player.
- Mindset: Strategic thinker with ability to connect vision to execution.
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.
Sr Director, Head of Benefits Center of Excellence employer: Tink
Contact Detail:
Tink Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sr Director, Head of Benefits Center of Excellence
✨Tip Number 1
Network like a pro! Reach out to connections in the industry, attend relevant events, and engage on platforms like LinkedIn. We can’t stress enough how personal connections can open doors that applications alone can’t.
✨Tip Number 2
Prepare for interviews by researching Visa’s values and recent projects. We want you to show how your experience aligns with their mission. Tailor your responses to highlight how you can contribute to their goals in the Benefits Centre of Excellence.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. We suggest focusing on common questions related to strategic sourcing and partnership management, so you’re ready to impress when it counts.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can set you apart. We recommend reiterating your enthusiasm for the role and how you can drive impact at Visa. Plus, it shows you’re genuinely interested!
We think you need these skills to ace Sr Director, Head of Benefits Center of Excellence
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in benefits management and strategic sourcing. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Leadership Skills: As a Sr Director, you'll need to demonstrate your ability to lead teams and drive results. Use specific examples from your past roles where you've successfully managed projects or teams, and how that experience can benefit Visa.
Be Data-Driven: Since this role involves performance management and profitability, include metrics and data in your application. We love numbers! Show us how you’ve used data to make decisions or improve processes in your previous positions.
Apply Through Our Website: We encourage you to submit your application through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets to the right people!
How to prepare for a job interview at Tink
✨Know Your Benefits Inside Out
Before the interview, dive deep into Visa's benefits offerings and understand their unique selling points. Be ready to discuss how you can enhance these offerings and align them with the company's strategic goals.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations where you've secured high-value partnerships. Highlight your approach to achieving favourable terms and how it benefited your previous employers, as this role heavily relies on strong negotiation capabilities.
✨Demonstrate Strategic Thinking
Be prepared to discuss how you interpret market trends and client needs into innovative solutions. Think about specific instances where your strategic insights led to successful product launches or improvements in profitability.
✨Engage with Questions
At the end of the interview, ask insightful questions about Visa's future plans for the Benefits Centre of Excellence. This shows your genuine interest in the role and helps you gauge how you can contribute to their vision.