AVP / Associate, Payments & Custody Risk Management
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Overview
Remote
On-site
Compensation
$100,000-$150,000/year
Job Description
Title: AVP / Associate, Payments & Custody Risk ManagementOffice Status: Hybrid New York, NYBase Salary: $100k - $150k + Discretionary BonusOverview: 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. Key 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
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FAQs About AVP / Associate, Payments & Custody Risk Management Jobs at Madison-Davis
What is the work location for this position at Madison-Davis?
This job at Madison-Davis is located in New York, NY, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Madison-Davis?
Candidates can expect a pay range of $100,000 and $150,000 per year.
What employment applies to this position at Madison-Davis?
The employer has not provided this information. This may be discussed during the hiring process.
What is the process to apply for this position at Madison-Davis?
You can apply for this role at Madison-Davis either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.