Bank of China USA · 17 hours ago
Enterprise Risk Management Department - Payments Risk Management AVP/Associate
New York, NY, US
Full-time
Onsite
Mid, Senior Level
$65K/yr - $150K/yr
5+ years expBank of China USA is one of the largest banks in the world, and they are seeking a proactive and detail-oriented Assistant Vice President (AVP) for their Payments Risk Management team. The role involves managing enterprise risk, overseeing Payments Risk, and strengthening the risk management framework while supporting system implementations and driving operational efficiency.
Banking
Responsibilities
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
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
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
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
Qualification
Required
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 for AVP level
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)
Preferred
Relevant certifications in risk management (e.g., FRM, CRISC) or project management (e.g., PMP)
Experience with specific custody banking platforms and risk management systems
Knowledge of data visualization tools
Bilingual proficiency in English and Chinese
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
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