Operation Service Department-Financial Services Analysis-System & Risk-Associate/AVP

Overview We are seeking a proactive and detail-oriented Associate or Assistant Vice President (AVP) to join our Custody Operations team, with a focus on strengthening our risk management framework, supporting system implementations, and driving operational efficiency. This role will be responsible for analyzing and monitoring operational risks across custody services, participating in system implementation projects including UAT testing and user requirement gathering, maintaining operational procedures, and generating risk and MIS reports. This is an excellent opportunity for an experienced professional with a strong analytical mindset and a passion for improving processes and mitigating risks within a dynamic custodian banking environment. The specific title and level will be determined based on the candidate’s experience and qualifications. Responsibilities Risk Analysis and Monitoring 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 Investigate and analyze operational incidents to identify root causes and recommend preventative measures Monitor key risk indicators (KRIs) and elevate breaches or trends as appropriate System Implementation and UAT Testing Participate in system implementation and upgrade projects related to custody operations Gather and document user requirements for new systems or system enhancements Develop test plans and scripts for User Acceptance Testing (UAT) Execute UAT testing, document test results, and track defect Collaborate with IT and vendors to resolve system issues and ensure successful implementations User Requirements and Procedure Updates Elicit, analyze, and document user requirements for system changes and new functionalities Translate business needs into clear and concise functional specifications Create, review, and update operational procedures, process flows, and knowledge base articles to reflect current processes and system changes Ensure documentation is accurate, comprehensive, and easily accessible to relevant teams Risk Reporting Prepare and deliver regular risk reports to management, highlighting key risks, trends, and mitigation efforts Develop ad‑hoc risk reports as needed to support decision‑making Ensure the accuracy and timeliness of risk data MIS Reporting and Data Analysis Generate and analyze Management Information System (MIS) reports to monitor operational performance, 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 Compliance Ensure adherence to internal policies, procedures, and relevant regulatory requirements Participate in internal and external audits and compliance reviews as required Stay updated on changes in regulations and industry best practices related to custody risk management and systems 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 Qualifications 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 Proven experience in identifying, assessing, and monitoring operational risks Experience participating in system implementation projects, including gathering user requirements and conducting UAT testing Excellent analytical and problem‑solving skills with a strong attention to detail 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 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) Preferred Qualifications 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 Pay Range USD $42,000.00 – USD $150,000.00 /Yr. Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications. #J-18808-Ljbffr Bank of China Limited, New York Branch