Visa Inc. (V) announced today that Paul D. Fabara will join Visa as Chief Risk Officer, effective Sept. 3.
Mr. Fabara takes over from Ellen Richey, Visa’s former Vice Chairman and Chief Risk Officer who recently retired after more than 11 years with the company. Mr. Fabara will report to Al Kelly, Visa’s Chairman and Chief Executive Officer.
Mr. Fabara’s responsibilities will include a broad portfolio of functions designed to maintain the integrity of the Visa payment system and protect the company and its assets from unexpected loss. He will serve as principal liaison with regulatory agencies that exercise supervisory authority over Visa in the 200+ countries in which the company operates.
In addition, Mr. Fabara will continue Visa’s leadership in payment security, working across the entire ecosystem to promote strategies that secure the future of payments and deliver industry-leading services to prevent, detect, and minimize the impact of attacks on Visa’s clients and other payment system stakeholders.
“We’re thrilled to have Paul joining Visa as our Chief Risk Officer,” said Al Kelly, Visa CEO. “Trust and security is foundational to Visa’s long-term success, and I’m confident of the positive impact Paul will have on Visa’s risk strategy.”
Prior to joining Visa, Mr. Fabara spent eight years at American Express in a variety of roles, most recently as President of American Express’s Global Services Group where he was responsible for managing all support groups including New Accounts, Customer Service, Credit, Collections, Asset Recoveries, Fraud Operations, Procurement, Manufacturing, Automation, Facilities, Sales and Business Enablement, Enterprise Strategy and Execution.
Prior to American Express, Mr. Fabara was at Barclay’s Bank as Global Chief Operating Officer, Barclaycard. Prior to Barclay’s, Mr. Fabara was Chief Operating Officer, Card Services, for Alliance Data Systems.