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Sr. Program Manager - Third Party Risk Management (Banking/Business Partnerships)

Paxos

Paxos

Sales & Business Development, Operations
United States · Remote
Posted on Friday, May 19, 2023

Paxos is on a mission to enable the movement of any asset, any time, in a trustworthy way. Today’s financial infrastructure is archaic, expensive, inefficient and risky - supporting a system that leaves out more people than it lets in. So we’re rebuilding it.

As a regulated blockchain infrastructure company, we use technology to tokenize, custody, trade, and settle assets for enterprise clients like PayPal, Novi, Bank of America, and Interactive Brokers. Paxos is a top-funded blockchain company, with more than $500 million in total funding from leading investors like OakHC/FT, Founders Fund, PayPal Ventures, and Declaration Partners. Together, we empower today’s financial leaders to build a more open, trusted economy.

The Paxos Compliance team is looking for a Sr. Program Manager - Third Party Risk Management (Business/Banking Partnerships) to design and deliver an enhanced third party risk framework that supports our “best in class” Compliance program in line with Paxos growth objectives, operational capabilities and regulatory obligations. This role will focus specifically on overseeing due diligence and ongoing monitoring of Paxos’ business partners.

As Sr. Program Manager - Third Party Risk Management (Banking/Business Partnerships) you will:

  • Design, build and deliver an enhanced third party risk management program specifically tailored to conduct ongoing due diligence and monitoring of Paxos’ business and banking partners in line with regulatory obligations
  • Be responsible for operating the business partnership oversight program in a manner that supports safe and sustainable business growth while also managing compliance, consumer protection and reputation risk
  • Ensure partnership adherence to service level agreements and regulatory obligations in line with business partner and product offering risk profiles.
  • Proactively work with stakeholders to translate regulatory changes, new product offerings and the evolving risk environment into enhanced policies, procedures, processes and controls.
  • Immerse yourself in blockchain technology, cryptocurrency for enterprises and investors, our regulation-first approach.

Your experience should include:

  • 5+ years at a regulated financial institution or a smaller, agile fintech firm (ideal candidate would have spent time at both)
  • 8+ years in Risk or Compliance
  • Strong mixture of strategic and operational experience in the areas of governance, internal controls, AML/CFT obligations and third party risk management
  • Experience with gap analysis as well as change and program management
  • Fluency with leveraging tools or platforms to deliver efficiencies and automation
  • Demonstrated track record of dealing directly with cross-functional stakeholders (namely, Paxos’ business-facing teams) as well as business partners
  • Strong written and verbal communication skills
  • Data-driven mindset to inform decision making and prioritization

You might also have:

  • Experience working in the crypto industry from a Compliance, Regulatory, and / or Risk Management perspective
  • Experience in overseeing third party relationships, specifically business partners and banking relationships (as opposed to vendor relationships)
  • Knowledge of how to leverage testing as part of Paxos’ suite of business partner monitoring controls
  • A clear understanding of the trends within the crypto / blockchain industry and regulatory landscape and what it means to fulfill regulatory obligations

What you’ll love about Paxos:

Paxos has consistently been named as a “Best Place to Work” by BuiltIn and was recently listed on the 2021 Forbes Fintech 50. All of our employees have significant ownership and impact on our business, as well as benefits like company equity, health insurance, family leave, a quarterly stipend for development, a stipend for home office setup and unlimited PTO. From team product demos and virtual lounge and learns to care packages and an active Slack #shoutouts channel, there are countless opportunities to connect and make your mark. Help us continue to build a new, open financial system from one of our three offices or right from your home!

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Our Paxos team is made up of passionate people from all over the world with different perspectives and experiences. If this opportunity excites you, but your experience doesn’t perfectly match the description…apply! Unique voices help us build a more transparent and open economy.

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Paxos offers a competitive total compensation and benefits package, including equity. Actual salary within that range is dependent upon the individual’s skills, experience and qualifications.

Expected range of the salary component of the package:
$157,000$185,000 USD