The Digital Asset Risk & Compliance team is looking for a Manager, Financial Risk who will provide dedicated Second Line expertise to support BVNK's integration into Mastercard and the build-out of the Digital Asset Risk & Compliance function
The role is responsible for ensuring that credit, settlement, counterparty, collateral, liquidity, and related financial risks are understood, measured, monitored, and governed within Mastercard's risk appetite
Provide Second Line oversight and challenge for BVNK financial risk exposures, including credit, settlement, counterparty, collateral, and related digital assets related activity
Review credit exposure assessments, risk ratings, portfolio metrics, credit limit utilization and risk reporting for alignment with policy, risk appetite and established thresholds
Challenge the adequacy of First Line controls for settlement exposure (including intraday and prefunding risk), liquidity provider and banking partner exposure, and credit risk mitigants
Identify, assess and elevate material issues, breaches, deteriorating exposures, and emerging risks to the SVP, Credit Risk and relevant governance forums
Monitor exposure trends, portfolio performance, concentration, limit utilization, and key risk indicators against approved thresholds and risk appetite
Identify emerging risk themes, adverse trends, and control gaps before they elevate into governance or customer protection issues
Support risk rating, counterparty scoring, stress testing, expected loss analysis, and ongoing portfolio monitoring
Ensure timely escalation of threshold breaches, policy exceptions, risk acceptance requests, and material risk deterioration through established governance
Support the build-out of the Digital Asset Risk & Compliance function, including financial risk frameworks, governance, reporting, and operating routines
Support BVNK's integration by translating Mastercard financial risk policies and procedures into clear requirements, controls, and evidence standards
Partner with Mastercard and BVNK stakeholders to align financial risk ownership, oversight, escalation, and decision-making
Prepare concise, decision-oriented materials for senior management, risk committees, integration governance forums, audit, and regulatory reviews
Maintain clear and audit-ready documentation of assumptions, decisions, exceptions, dependencies, issues, ownership, and remediation actions
Experience in banking, payments, fintech, digital assets, or another regulated financial services environmentWorking knowledge of exposure measurement, risk ratings, limits, stress testing, expected loss, and portfolio monitoringExperience across financial risk disciplines, including credit, counterparty, settlement, liquidity, and collateral riskAbility to translate policy into practical controls, monitoring, governance, and reportingStrong understanding of Second Line oversight, independent challenge, risk appetite, and escalationClear communicator who can build trusted partnerships while maintaining independent challenge and risk disciplineAbility to apply financial risk principles to digital assets, stablecoins, tokenized settlement, prefunding, and banking partner exposuresStrong analytical judgment and ability to bring structure to complex or evolving risks
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Manager of Risk Management in Toronto employer: Mastercard Inc.
Mastercard is an exceptional employer that fosters a dynamic work culture focused on innovation and collaboration, particularly in the vibrant city where this role is based. Employees benefit from comprehensive growth opportunities, including leadership development programs and access to a global network of professionals. With a commitment to operational excellence and strategic impact, Mastercard empowers its team members to drive meaningful change in the SME landscape.
