---
title: 'Operational Risk, Senior Associate at Paxos'
canonical: 'https://feeny.ai/job/operational-risk-senior-associate-paxos-united-states-bvx2h855drb2'
type: 'job'
last_seen: '2026-11-07'
---

# Operational Risk, Senior Associate at Paxos

- **Company:** Paxos
- **Location:** United States
- **Employment:** full-time
- **Work type:** remote
- **Posted:** 2026-11-06
- **Last confirmed live:** 2026-11-07
- **Apply:** https://jobs.ashbyhq.com/paxos/2e9df755-13ae-4e42-994b-fe5a7056bdb9

## Job description

Applying to Paxos? Our only careers site is [paxos.com/careers](http://paxos.com/careers), and we only recruit via @[paxos.com](http://paxos.com) email. Details below. ___

## About Paxos

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. We’re on a mission to open the world’s financial system to everyone by enabling the instant movement of any asset, any time, in a trustworthy way. For over a decade, we’ve built blockchain infrastructure that tokenizes, custodies, trades and settles assets for the world's leading financial institutions, like PayPal, Venmo, Mastercard, Interactive Brokers and Charles Schwab.

## About the team

The Operational Risk team is part of Paxos Risk Management. We set and run the framework Paxos uses to identify, assess and monitor operational risk across a business supervised by financial regulators in the US and abroad. We work with product, engineering, compliance and operations teams on new products, vendors and blockchain integrations, and we support the firm’s audits and regulatory exams.

## About the role

As an Operational Risk, Senior Associate, you’ll own core parts of our risk and control framework: running Risk and Control Self-Assessments, keeping the risk register current and helping teams close control gaps. You’ll prepare evidence for audits and regulatory exams, assess the risk in new products, vendors and blockchains before launch, and bring risk themes to senior leadership.

## 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

## About you

- 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
- Bonus: experience building independent monitoring and testing programs, building process, risk and control inventories, or working in blockchain or crypto

Important Notice for Paxos Applicants Fraudulent accounts sometimes pose as Paxos recruiters on LinkedIn and other platforms, and fake websites sometimes impersonate our careers site. These scammers attempt to deceive applicants into paying for job opportunities or providing personal financial information. To verify a legitimate Paxos opportunity:

- Our only official careers site is [paxos.com/careers](http://paxos.com/careers)
- We only use @[paxos.com](http://paxos.com) email addresses
- We never ask for payment or financial details to apply, interview, or work here
- For technical roles, we do not perform a coding interview without prior screening by our engineering team

Thanks for your interest in Paxos!

## About Paxos

## Company Overview
- **One-liner**: Paxos is a regulated blockchain infrastructure company that tokenizes, custodies, trades, and settles assets for enterprise clients, enabling the instant movement of any asset in a trustworthy way.
- **Entity Type**: Private (over $500M in total funding; late-stage, no Series disclosed)
- **Headquarters**: New York, NY, USA
- **Founded**: 2012
- **Founders**: Charles Cascarilla (CEO & Co-Founder)

## Core Business
- **Primary industry**: Blockchain infrastructure, stablecoin issuance & payments, crypto brokerage
- **Target customers**: B2B – Enterprise clients including PayPal, Bank of America, Novi (Meta), Interactive Brokers, and other financial institutions
- **Mission / purpose**: “Enable the instant movement of any asset to anyone in a trustworthy way” and “Open the world’s financial system to everyone” [paxos.com/company](https://www.paxos.com/company?hsLang=en)

## Products & Services
- **Stablecoin Issuance**: Paxos issues several regulated stablecoins – Pax Dollar (USDP), Pax Gold (PAXG), Global Dollar (USDG), PayPal USD (PYUSD), and formerly BUSD. Monthly reserve reports are published for transparency. *(SaaS / Regulated Financial Product)*
- **Crypto Brokerage**: White-label brokerage API that lets enterprises offer crypto trading and custody to their users. *(API / SaaS)*
- **Enterprise Infrastructure**: Tokenization, custody, settlement, and asset movement services for banks and fintechs. *(API / Regulated Service)*

## Market Standing
- **Valuation**: Not publicly disclosed (conflicting reports may exist; Paxos has not announced a public valuation)
- **Key Metric (Total Funding)**: Over $500M raised (as stated on company site, no precise round breakdown provided) [paxos.com/company](https://www.paxos.com/company?hsLang=en)
- **Notable Investors / Partners**: Board members include ex-U.S. Senator Bill Bradley, former CFTC Chairman J. Christopher Giancarlo, former Fortune 500 executives Jim Manzi, Scott Malpass, Patricia Kemp, and Brian Stern. Key partners: PayPal, Bank of America, Interactive Brokers. Regulated by NYDFS (first limited purpose trust charter for digital assets, 2015) and now also by the OCC (national trust) and Monetary Authority of Singapore (Major Payments Institution license) [paxos.com/company](https://www.paxos.com/company?hsLang=en)
- **Growth Signals**: Remote-first global team (US, UK, Europe, Asia); headcount ~350 employees (Built In); active job postings across product, engineering, security, compliance, communications – 21 listed on LinkedIn; year-over-year job posting growth of +3.3% (LinkedIn). Paxos received OCC federal oversight in 2025 under GENIUS-ready regulation, signaling expansion into the next regulatory era. [linkedin.com/company/paxos](https://www.linkedin.com/company/paxos)

## Competitive Advantages
- **Regulatory Moat**: One of the few blockchain companies operating as a regulated trust company under NYDFS and OCC, with additional licenses in Singapore. This enables them to serve risk-averse enterprise clients that require compliance-first partners.
- **Transparency & Trust**: Monthly reserve reports for all issued stablecoins – an industry-leading level of disclosure.
- **Blue-Chip Enterprise Clients**: Partnerships with PayPal, Bank of America, and Interactive Brokers demonstrate validated demand from the world’s largest financial institutions.
- **First-Mover in Tokenization**: Received the first limited purpose trust charter for digital assets in 2015, giving Paxos years of regulatory experience.

## Strategic Focus
- **Expanding Stablecoin Offerings**: Launch of Global Dollar (USDG) and continuation of PYUSD issuance to capture growing stablecoin demand.
- **Global Regulatory Coverage**: Pursuing and maintaining oversight in key jurisdictions (US federal, Singapore) to enable cross-border asset movement.
- **Enterprise Infrastructure Growth**: Deepening the API platform to allow more financial institutions to offer crypto and tokenized assets to their customers without building blockchain technology in-house.
- **Remote-First Engineering Culture**: Hiring across time zones with a focus on ownership, candor, and continuous improvement (as described in careers page) [paxos.com/careers](https://www.paxos.com/careers)

## Why Work Here
- **Remote-First Policy**: Paxos is “remote-first, with people building Paxos across the US, UK, Europe and Asia” [paxos.com/careers](https://www.paxos.com/careers). Flexibility with high ownership expectations.
- **Culture of Ownership & Candor**: Values include “Be an Owner”, “Real Time Candor”, “Search for the truth” – the company emphasizes high standards, direct feedback, and accountability.
- **Mission-Driven Work**: Employees are rebuilding the financial system on blockchain, solving hard problems in regulated finance.
- **Growth & Learning**: With ~350 employees and steady hiring (21 open roles across product, engineering, security, senior positions), there is room for impact in a lean, ambitious team.
- **CEO Approval Rating**: 100% on Indeed (based on anonymous employee reviews), indicating strong leadership satisfaction [indeed.com/cmp/Paxos](https://www.indeed.com/cmp/Paxos)
- **Perks**: Not fully detailed, but the remote-first setup and public commitment to high standards suggest a results-oriented environment with limited bureaucracy.

## Sources
1. [Paxos Careers Page](https://www.paxos.com/careers)
2. [Paxos About Us](https://www.paxos.com/company?hsLang=en)
3. [LinkedIn – Paxos Trust Company](https://www.linkedin.com/company/paxos)
4. [Built In – Paxos Profile](https://builtin.com/company/paxos)
5. [Indeed – Paxos Reviews](https://www.indeed.com/cmp/Paxos)

## Other roles at Paxos

- [Senior Accountant, Corporate](https://feeny.ai/job/senior-accountant-corporate-paxos-united-states-13rtjf8esvkv) — United States
- [Senior Software Engineer, Identity & Regulatory Platform](https://feeny.ai/job/senior-software-engineer-identity-regulatory-platform-paxos-united-states-east-fzmnx12yxt7c) — United States (East Coast)
- [Senior Compliance Associate, KYC](https://feeny.ai/job/senior-compliance-associate-kyc-paxos-united-states-0kr87rwpc644) — United States
- [Senior Revenue Accountant](https://feeny.ai/job/senior-revenue-accountant-paxos-united-states-1k0skk9vksy0) — United States
- [Product Operations Associate](https://feeny.ai/job/product-operations-associate-paxos-new-york-c4v0mtqmfmgw) — New York, NY / HQ
- [Compliance KYC Manager](https://feeny.ai/job/compliance-kyc-manager-paxos-united-states-x206nz1ma4yj) — United States
- [Compliance Associate](https://feeny.ai/job/compliance-associate-paxos-united-states-y98nyx1ea356) — United States
- [Director of Engineering, Assets & Issuance](https://feeny.ai/job/director-of-engineering-assets-issuance-paxos-united-states-east-coast-wwzs36cphjrb) — United States (East Coast)
- [Senior Product Manager, Liquidity & Money Movement](https://feeny.ai/job/senior-product-manager-liquidity-money-movement-paxos-new-york-f12mf70qm696) — New York, NY
- [Senior Commercial Counsel](https://feeny.ai/job/senior-commercial-counsel-paxos-united-states-s9acz0tvydme) — United States