AVP / Associate, Payments & Custody Risk Management

The role offers a compelling blend of risk governance, operational risk analysis, system implementation support, and MIS reporting making it an excellent fit for a detail-oriented risk professional with a custody or payments background who thrives in a process-improvement driven environment. Generate and analyze MIS reports to monitor business activities, identify trends, and support risk management decision-making;develop custom reports to meet specific business needs.

Title: AVP / Associate, Payments & Custody Risk Management

Office Status: Hybrid New York, NY

Base Salary: $100k - $150k + Discretionary Bonus

ABOUT THE ROLE

This is a second-line risk management opportunity within the Enterprise Risk function of a well-established financial institution, focused specifically on Payments Risk and Custodian Banking operations. The role offers a compelling blend of risk governance, operational risk analysis, system implementation support, and MIS reporting making it an excellent fit for a detail-oriented risk professional with a custody or payments background who thrives in a process-improvement driven environment.

RESPONSIBILITIES

• Identify, assess, and monitor operational risks across all areas of custody services including securities settlement, corporate action processing, withholding tax, and reporting
• Support the Payments Risk Committee including logistics coordination, governance development, and ongoing risk initiative communications to relevant committees
• Conduct risk assessments and gap analyses to identify vulnerabilities;review and critically evaluate root cause analyses of payment-related incidents and recommend preventative measures
• Develop and maintain risk metrics and performance monitoring tools;aggregate the Payments risk profile using appropriate methodologies and investigate breach events
• Address regulatory inquiries related to Payments risk management in a timely and effective manner;assist with internal audits and compliance matters
• Participate in system implementation and upgrade projects from a risk management perspective;gather and document user requirements for new systems or enhancements
• Execute UAT testing, document test results, and track and resolve defects in collaboration with IT and vendor teams
• Generate and analyze MIS reports to monitor business activities, identify trends, and support risk management decision-making;develop custom reports to meet specific business needs
• Utilize data analysis to identify process improvement and operational efficiency opportunities
• Support the Payments Project Management Office within the department on ad hoc workstreams