Operational Risk, Senior Associate

Paxos

2d • $123,000 - $141,375

About The Position

The Operational Risk, Senior Associate will own core parts of Paxos’s operational risk and control framework. The role runs Risk and Control Self-Assessments, maintains risk and control inventories, and helps teams identify and remediate control gaps. It also assesses risks in new products, vendors, blockchains, and regulatory changes before launch; prepares evidence for audits and regulatory examinations; and reports risk themes to senior leadership and risk committees.

The Operational Risk team is part of Paxos Risk Management and establishes and operates the framework used to identify, assess, and monitor operational risk across a business supervised by financial regulators in the US and abroad. The team works with product, engineering, compliance, and operations teams on new products, vendors, and blockchain integrations, and supports audits and regulatory exams.

Requirements

• 5–7 years of operational risk experience at a financial services institution, financially regulated company, or 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 using 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 examination evidence and answering examiner questions directly.
• Clear, concise writing and a 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 Haves

• Experience building independent monitoring and testing programs.
• Experience building process, risk, and control inventories.
• Experience working in blockchain or crypto.

Responsibilities

• Run Risk and Control Self-Assessments with first-line business and engineering owners, rating risks consistently using Paxos’s severity and likelihood methodology.
• Maintain the enterprise process, risk, and control inventory and the firm’s process, risk, and control inventories.
• Oversee implementation of an issues management program; identify control gaps, document owners and remediation dates, and track issues to closure.
• Assess operational risk in new products, vendors, blockchains, and regulatory changes before they reach production.
• Prepare evidence for internal and external audits and regulatory exams, and 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed