Enterprise Risk Management Department - Payments Risk Management AVP/Associate

Responsibilities

• Risk Governance
• Assist with the logistics of the Payments Risk Committee.
• Support the Payments Project Management Office within the department.
• Contribute to the development of governance in Payments Risk Management.
• Aid internal audits and regulatory compliance matters.
• Risk Analysis and Monitoring
• Identify, assess, and monitor operational risks across all areas of custody services.
• Participate in risk assessments and gap analyses.
• Review and recommend preventative measures for payment-related incidents and issues.
• Develop metrics for business risk and performance monitoring.
• Communicate risk initiatives to relevant committees.
• Address regulatory inquiries related to Payments risk management.
• System Implementation and UAT Testing
• 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 results, and track defects.
• Collaborate with IT and vendors to address system issues.
• MIS Reporting and Data Analysis
• Generate and analyze Management Information System (MIS) reports.
• Create custom reports to meet specific business needs.
• Analyze data to identify opportunities for process improvement and efficiency gains.

Qualifications

• Bachelor's degree in Finance, Business Administration, Information Technology, Risk Management, or a related field.
• Minimum of 5 years of experience in Banking for AVP level; Minimum of 1 year of experience in Banking for Associate level.
• At least 3 years of experience in Risk Management, Wholesale Payments, Retail Payments, or Custody.
• Strong understanding of custody operations processes, including securities settlement, corporate actions, withholding tax, and reporting.
• Proven experience in identifying, assessing, and monitoring operational risks.
• Experience in system implementation projects, including gathering user requirements and conducting UAT testing.
• Proficiency in documenting business requirements, test plans, test scripts, and operational procedures.
• Strong data analysis and reporting skills, with experience in generating MIS reports.
• Good understanding of relevant regulatory requirements and industry best practices related to custody risk management.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Visio).
• Relevant certifications in risk management (e.g., FRM, CRISC) or project management (e.g., PMP) preferred.
• Experience with specific custody banking platforms and risk management systems preferred.
• Knowledge of data visualization tools preferred.
• Bilingual proficiency in English and Chinese preferred.

Pay

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications. USD $65,000.00 - USD $150,000.00 /Yr.