Bank of China USA
ERM - Payments Risk Management AVP (Custodian Business)
Bank of China USA, New York, New York, us, 10261
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ERM - Payments Risk Management AVP (Custodian Business)
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Bank of China USA 1 day ago Be among the first 25 applicants Join to apply for the
ERM - Payments Risk Management AVP (Custodian Business)
role at
Bank of China USA Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
Bank of China New York ("BOCNY" or the Bank) Enterprise Risk Management Department ("ERM") is responsible for managing the Bank's enterprise risk as a function of second line of defense according to the Bank's risk governance framework. The Assistant Vice President (AVP) is responsible for managing the Bank's enterprise risk as part of the second line of defense, in accordance with the Bank's risk governance framework. This role includes overseeing Payments Risk, particularly the risks associated with Custodian Business.
We are seeking a proactive and detail-oriented AVP to join our Payments Risk Management team, with a focus on strengthening our risk management framework, supporting system implementations, and driving operational efficiency. This role will be responsible for analyzing and monitoring risks across custody services. This is an excellent opportunity for an experienced professional with a strong analytical mindset and a passion for improving processes and mitigating risks within a dynamic custodian banking environment. The specific title and level will be determined based on the candidate's experience and qualifications.
Responsibilities
Include but are not limited to:
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. Assist with internal audits and regulatory compliance matters.
Risk Analysis and Monitoring
Identify, assess, and monitor operational risks across all areas of custody services, including securities settlement, corporate action processing, withholding tax, and reporting. Participate in risk assessments and gap analyses to identify potential vulnerabilities and areas for improvement. Review and critically evaluate root cause analyses of payment-related incidents and issues, recommending preventative measures. Develop metrics to support business risk and performance monitoring, and initiate investigations into breach events. Aggregate the Payments risk profile using the appropriate methodology. Ensure continuous communication of risk initiatives to relevant committees. Address regulatory inquiries related to Payments risk management in a timely and effective manner.
System Implementation and UAT Testing
Participate in system implementation and upgrade projects related to custody operations from a risk management perspective. Gather and document user requirements for new systems or system enhancements. Execute UAT testing, document test results, and track and resolve defects. Collaborate with IT and vendors to address system issues and ensure successful implementation.
MIS Reporting And Data Analysis
Generate and analyze Management Information System (MIS) reports to monitor business activities, identify trends, and support risk management activities. Develop custom reports to meet specific business needs. Utilize 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 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 participating 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 Range
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. Seniority level
Seniority level Executive Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Banking Referrals increase your chances of interviewing at Bank of China USA by 2x Sign in to set job alerts for “Risk Management Assistant” roles.
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ERM - Payments Risk Management AVP (Custodian Business)
role at
Bank of China USA 1 day ago Be among the first 25 applicants Join to apply for the
ERM - Payments Risk Management AVP (Custodian Business)
role at
Bank of China USA Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
Bank of China New York ("BOCNY" or the Bank) Enterprise Risk Management Department ("ERM") is responsible for managing the Bank's enterprise risk as a function of second line of defense according to the Bank's risk governance framework. The Assistant Vice President (AVP) is responsible for managing the Bank's enterprise risk as part of the second line of defense, in accordance with the Bank's risk governance framework. This role includes overseeing Payments Risk, particularly the risks associated with Custodian Business.
We are seeking a proactive and detail-oriented AVP to join our Payments Risk Management team, with a focus on strengthening our risk management framework, supporting system implementations, and driving operational efficiency. This role will be responsible for analyzing and monitoring risks across custody services. This is an excellent opportunity for an experienced professional with a strong analytical mindset and a passion for improving processes and mitigating risks within a dynamic custodian banking environment. The specific title and level will be determined based on the candidate's experience and qualifications.
Responsibilities
Include but are not limited to:
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. Assist with internal audits and regulatory compliance matters.
Risk Analysis and Monitoring
Identify, assess, and monitor operational risks across all areas of custody services, including securities settlement, corporate action processing, withholding tax, and reporting. Participate in risk assessments and gap analyses to identify potential vulnerabilities and areas for improvement. Review and critically evaluate root cause analyses of payment-related incidents and issues, recommending preventative measures. Develop metrics to support business risk and performance monitoring, and initiate investigations into breach events. Aggregate the Payments risk profile using the appropriate methodology. Ensure continuous communication of risk initiatives to relevant committees. Address regulatory inquiries related to Payments risk management in a timely and effective manner.
System Implementation and UAT Testing
Participate in system implementation and upgrade projects related to custody operations from a risk management perspective. Gather and document user requirements for new systems or system enhancements. Execute UAT testing, document test results, and track and resolve defects. Collaborate with IT and vendors to address system issues and ensure successful implementation.
MIS Reporting And Data Analysis
Generate and analyze Management Information System (MIS) reports to monitor business activities, identify trends, and support risk management activities. Develop custom reports to meet specific business needs. Utilize 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 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 participating 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 Range
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. Seniority level
Seniority level Executive Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Banking Referrals increase your chances of interviewing at Bank of China USA by 2x Sign in to set job alerts for “Risk Management Assistant” roles.
New York, NY $175,000.00-$225,000.00 1 month ago Risk Specialist - Business Risk Management – Real Estate Valuation - US
New York, NY $100,000.00-$142,250.00 1 week ago New York, NY $70,000.00-$115,000.00 1 week ago Compliance - Office of Regulatory Relations - Administrative Assistant - New York - Support
New York, NY $60,000.00-$75,000.00 1 week ago New York, NY $90,000.00-$120,000.00 6 days ago Manhattan, NY $160,000.00-$186,618.00 3 weeks ago Elmwood Park, NJ $65,000.00-$80,000.00 2 weeks ago New York, NY $70,000.00-$130,000.00 1 month ago Executive Assistant, Global Risk & Compliance Technology
New York, NY $65,000.00-$150,000.00 3 weeks ago Client Security Consulting & Assurance Legal Specialist
Corporate Treasury, Quantitative Engineering, Administrative Assistant, New York
New York City Metropolitan Area $160,000.00-$210,000.00 4 weeks ago Finance Budget Specialist (HEOa) - 400504
Brooklyn, NY $86,741.00-$94,909.00 3 weeks ago Client Security Consulting & Assurance Legal Specialist
Secaucus, NJ $128,100.00-$239,600.00 1 hour ago Assistant/Associate General Counsel for Risk and Compliance
New York, NY $160,000.00-$175,000.00 3 weeks ago Senior Financial Reporting & Data Integrity Specialist
New York, NY $90,000.00-$125,000.00 3 weeks ago New York, NY $55,000.00-$65,000.00 1 week ago Deputy Director - Capital Budget Management Office
Financial Reporting Specialist - Asset Liability Management
Newark, NJ $72,900.00-$108,600.00 9 hours ago Operational Risk Management Department-Third Party Risk Management AVP/Associate
New York, NY $42,000.00-$150,000.00 1 week ago New York, NY $65,000.00-$150,000.00 1 week ago Barclays Internal Audit AVP - US Markets
New York, NY $95,000.00-$150,000.00 1 month ago New York City Metropolitan Area $65,000.00-$230,000.00 6 days ago New York, NY $65,000.00-$150,000.00 1 month ago Associate Director, Development Budget and Compliance
New York City Metropolitan Area $120,000.00-$160,000.00 3 weeks ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr