Paxos
Operational Risk, Senior Associate
Remote - United States. Posted 7 days ago
The role
You will own core parts of the risk and control framework. This includes running Risk and Control Self-Assessments, maintaining the risk register, and assessing risk in new products, vendors, and blockchains.
What you will do
- Run Risk and Control Self-Assessments with first-line business and engineering owners
- Maintain the enterprise process, risk, and control inventory
- Oversee the implementation of an issues management program
- Identify control gaps, document them, and track them to closure
- Assess operational risk in new products, vendors, blockchains and regulatory changes
- Prepare evidence for internal audits, external audits and regulatory exams
- Respond to examiner requests
- Design and run independent monitoring and testing of key controls
- Report risk themes and key risk indicators to senior leadership and risk committees
Required qualifications
- 5-7 years in operational risk at a financial services institution, a financially regulated company, or a consultancy or regulator that built or enforced operational risk requirements
- Hands-on experience running Risk and Control Self-Assessments, maintaining a risk register and rating risks with a defined severity and likelihood methodology
- Working knowledge of OCC expectations, Basel operational risk principles, SOC 2 and third-party risk guidance
- Experience preparing audit and regulatory exam evidence and answering examiner questions directly
- Clear, concise writing
- Track record of getting business and engineering owners to agree on ratings and remediation plans
- Comfort using AI tools to speed up research, drafting and analysis
Nice to have
- experience building independent monitoring and testing programs
- building process, risk and control inventories
- working in blockchain or crypto
About the company
Paxos is rebuilding financial infrastructure to enable the instant movement of any asset. They build blockchain infrastructure that tokenizes, custodies, trades and settles assets for leading financial institutions.