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Job Ref: 14828
Salary: $42000 – $150000
Associate/AVP Financial Services Analysis-System & Risk
Location: Onsite in Manhattan with a Leading Foreign Bank
Salary: Competitive Base Salary Range of $42,000 – $150,000 (commensurate with skills and expe
- Requirements:Bachelor’s degree in Finance, Business Administration, Information Technology, Risk Management, or a related field
- Minimum of 3-5 years (for Associate) or 5-8 years (for AVP) of relevant experience in custody operations, with a focus on risk analysis, system implementation, business analysis, or a related area within the financial services industry
- Strong understanding of custody operations processes, including securities settlement, corporate actions, withholding tax, and reporting
- Experience participating in system implementation projects, including gathering user requirements and conducting UAT testing
- Good understanding of relevant regulatory requirements and industry best practices related to custody risk management
- Strong communication (both written and verbal) and interpersonal skills, with the ability to collaborate effectively with various teams
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Visio)
- Responsibilities:
- Identify, assess, and monitor operational risks across all aspects of custody services, including securities settlement, corporate action processing, withholding tax, and reporting
- Conduct risk assessments and gap analyses to identify potential vulnerabilities and areas for improvement
- Develop and maintain risk registers and track mitigation plans
- Develop test plans and scripts for User Acceptance Testing (UAT)
- Elicit, analyze, and document user requirements for system changes and new functionalities
- Create, review, and update operational procedures, process flows, and knowledge base articles to reflect current processes and system changes
- Generate and analyze Management Information System (MIS) reports to monitor operational performance, identify trends, and support risk management activities
- Ensure adherence to internal policies, procedures, and relevant regulatory requirements
- Participate in internal and external audits and compliance reviews as required
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(For AVP Level):
- Lead and manage risk and system-related projects within Custody Operations
- Contribute to the development and implementation of the overall risk management strategy for the department
- Provide guidance and mentorship to junior team members
- Act as a key point of contact for risk and system-related matters
- Present risk and system updates to senior management
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