Who you are

- Experience across financial risk disciplines, including credit, counterparty, settlement, liquidity, and collateral risk

- Ability to apply financial risk principles to digital assets, stablecoins, tokenized settlement, prefunding, and banking partner exposures

- Experience in banking, payments, fintech, digital assets, or another regulated financial services setting

- Working knowledge of exposure measurement, risk ratings, limits, stress testing, expected loss, and portfolio monitoring

- Strong understanding of Second Line oversight, independent challenge, risk appetite, and escalation

- Ability to translate policy into practical controls, monitoring, governance, and reporting

- Strong analytical judgment and ability to bring structure to complex or evolving risks

- Clear communicator who can build trusted partnerships while maintaining independent challenge and risk discipline

What the job involves

- 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 escalate 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 escalate 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

The application process

- End Date: January 29, 2027

📌 Manager of Risk Management (Toronto)
🏢 Mastercard
📍 Toronto