Operational Risk, Senior Associate

As an Operational Risk Senior Associate at Paxos, you'll own core parts of the risk and control framework that identifies, assesses and monitors operational risk across the firm. You'll run Risk and Control Self-Assessments, maintain the risk register, help teams close control gaps, and prepare evidence for audits and regulatory exams. The Operational Risk team is part of Paxos Risk Management, working with product, engineering, compliance and operations teams on new products, vendors and blockchain integrations.

What you'll do

• Run Risk and Control Self-Assessments with first-line business and engineering owners, and rate 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 the implementation of an issues management program, identify control gaps, document them with owners and remediation dates, and track them to closure
• Assess operational risk in new products, vendors, blockchains and regulatory changes before they reach production
• Prepare evidence for internal audits, 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 you bring

• 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 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 have

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

About Paxos

Paxos rebuilds financial infrastructure by enabling the instant movement of any asset in a trustworthy way. For over a decade, the company has built blockchain infrastructure that tokenizes, custodies, trades and settles assets for leading financial institutions including PayPal, Venmo, Mastercard, Interactive Brokers and Charles Schwab.