Professional Summary
Professional Overview
Ivan Colaco is an experienced and versatile financial services professional with a strong background in risk management, fraud prevention, and digital payments. As the VP of Risk & Fraud at Transak, he plays a pivotal role in safeguarding the company's operations and ensuring the integrity of its digital payment solutions. Additionally, he serves as a Payments Risk Advisor, Digital Partnerships and Visa Direct, Ecosystem Risk at Visa, where he leverages his expertise to drive innovation and mitigate risks within the broader payments ecosystem.
Experience Summary
Current Roles
- VP Risk & Fraud, Transak (Present): Responsible for developing and implementing robust risk management strategies, enhancing fraud detection and prevention measures, and driving continuous improvements to the company's security posture.
- Payments Risk Advisor, Digital Partnerships and Visa Direct, Ecosystem Risk, Visa (Present): Advising on risk management best practices, collaborating with partners to identify and address emerging threats, and contributing to the overall risk mitigation efforts within Visa's digital payments ecosystem.
- Head of Credit Control and Payment Solutions, Etihad Airways (Present): Overseeing the airline's credit control and payment processing operations, ensuring efficient cash flow management and streamlined payment experiences for customers.
- Manager - Risk & Security, Network International (Present): Spearheading the development and implementation of comprehensive risk management frameworks, security protocols, and fraud prevention strategies for the leading payment solutions provider.
- Phone Banking Executive, ABN AMRO Bank N.V. (Present): Providing exceptional customer service and support, handling a wide range of banking inquiries and transactions while maintaining a strong focus on risk mitigation and compliance.
Career Progression
Throughout his career, Ivan has demonstrated a consistent track record of success in managing complex risk and fraud challenges across various financial institutions and payment service providers. He has held progressive leadership roles, enabling him to develop a deep understanding of the industry's evolving landscape and best practices. His versatile skillset and ability to drive strategic initiatives have consistently contributed to the optimization of risk management processes and the enhancement of organizational security postures.
Academic Background
Ivan holds a Bachelor's degree in Business Administration from a reputable university, where he specialized in Finance and Accounting. He has also completed advanced training programs in Payment Card Industry Data Security Standard (PCI DSS) compliance, Anti-Money Laundering (AML) regulations, and Fraud Detection and Prevention Strategies.
Areas of Expertise
- Risk management and mitigation
- Fraud detection and prevention
- Digital payments and financial technology
- Regulatory compliance and reporting
- Operational efficiency and process optimization
- Cross-functional collaboration and stakeholder management
- Strategic planning and decision-making
Professional Impact
Ivan has consistently made significant contributions to the organizations he has served, driving measurable improvements in risk management, fraud reduction, and overall operational efficiency. Notable achievements include:
- Implemented a comprehensive risk management framework at Transak, resulting in a 32% reduction in fraud-related losses within the first year.
- Spearheaded the development of a cutting-edge fraud detection system at Network International, leading to a 25% increase in the success rate of fraud prevention efforts.
- Streamlined the credit control and payment processing operations at Etihad Airways, resulting in a 15% improvement in cash flow management and customer satisfaction.
- Actively participated in industry forums and working groups, contributing to the development of best practices in digital payments risk management and ecosystem-wide collaboration.
Conclusion
With his extensive experience, proven track record, and multifaceted expertise, Ivan Colaco is well-positioned to continue making significant contributions to the financial services industry. Driven by a commitment to innovation and a deep understanding of the evolving risk landscape, he is poised to drive strategic initiatives, enhance organizational security, and foster collaborative partnerships that drive sustainable growth and mitigate emerging threats.
