Custody Operations: Risk & Systems Analyst/AVP

Bank of China Limited, New York Branch; New York (NY); On-site; USD 42,000 - 150,000; Full time

Job summary

Bank of China Limited, New York Branch is seeking an Associate/AVP for Custody Operations to strengthen risk management, support system implementations, and drive operational efficiency. You will analyze operational risks, gather user requirements, perform UAT, and generate risk/MIS reports in a dynamic custodian banking environment.

Title/level will reflect experience and qualifications. The role emphasizes risk governance, documentation, and collaboration with IT and vendors to ensure

Qualifications

• Bachelor’s degree in Finance, Business Administration, IT, Risk Management, or related field.
• Minimum of 3-5 years (Associate) or 5-8 years (AVP) in custody operations focusing on risk analysis, system implementation, or related areas in financial services.
• Strong understanding of custody operations processes (securities settlement, corporate actions, withholding tax, reporting).
• Experience identifying, assessing, and monitoring operational risks.
• Experience in system implementation projects, including gathering user requirements and UAT testing.
• Excellent analytical and problem‑solving skills with attention to detail.
• Proficiency in documenting business requirements, test plans and procedures.
• Strong data analysis and MIS reporting capabilities.
• Knowledge of regulatory requirements and industry best practices in custody risk management.
• Strong written and verbal communication and collaboration skills.
• MS Office proficiency (Word, Excel, PowerPoint, Visio).

Responsibilities

• Identify, assess, and monitor operational risks across custody services (securities settlement, corporate actions, withholding tax, reporting).
• Conduct risk assessments and gap analyses to identify vulnerabilities and areas for improvement.
• Develop risk registers and track mitigation plans.
• Investigate and analyze incidents to identify root causes and preventative measures.
• Monitor KRIs and elevate breaches or trends as appropriate.
• Participate in system implementation and upgrade projects related to custody operations.
• Gather and document user requirements for new systems or enhancements.
• Develop test plans and scripts for UAT and execute testing.
• Collaborate with IT and vendors to resolve system issues and ensure successful implementations.
• Elicit, analyze, and document user requirements for system changes.
• Translate business needs into functional specs.
• Create, review, and update procedures, flows, and knowledge base articles.
• Ensure documentation accuracy and accessibility.
• Prepare and deliver regular risk reports to management and stakeholders.
• Develop ad-hoc risk reports to support decision-making.
• Ensure accuracy and timeliness of risk data.
• Generate MIS reports to monitor performance and support risk management.
• Develop custom reports for business needs and identify improvement opportunities.
• Stay updated on regulations and best practices in custody risk management.
• Collaborate with teams to ensure compliance and information sharing.
• Lead risk and system-related projects (AVP level) and mentor juniors.
• Present risk and system updates to senior management.

Skills

Risk analysis

System implementation

Business analysis

Data analysis

MIS reporting

Regulatory knowledge

Communication

MS Office

Education

Bachelor’s degree

Tools

MS Office

Job description

Bank of China Limited, New York Branch is seeking an Associate/AVP for Custody Operations to strengthen risk management, support system implementations, and drive operational efficiency. You will analyze operational risks, gather user requirements, perform UAT, and generate risk/MIS reports in a dynamic custodian banking environment.

Title/level will reflect experience and qualifications. The role emphasizes risk governance, documentation, and collaboration with IT and vendors to ensure