Responsible for the ongoing independent oversight of first line day-to-day operational risk management activities. Advises and provides oversight to the first line's identification, assessment, monitoring, risk exposure remediation and reporting of the business's risk exposure. Frequent interaction with LOB Business Chief Risk Officers (BCRO) on the enterprise-wide Corporate Operational Risk Management framework (including policies, standards and the RMP platform). Uses strong familiarity with the business line and Operational Risk Framework in order to provide oversight of, consultation on and challenge of first line risk management practices that may have potentially broad consequences across other areas of the organization. Directs compliance with the enterprise-wide Corporate Operational Risk Management framework by overseeing the identification, assessment and mitigation of risks, identifying emerging issues, contributing to the development of processes and controls to manage operational risks, monitoring the adequacy and effectiveness of the control environment, overseeing deficiency remediation, monitoring and challenging business activities and enforcing business line awareness of and adherence to the operational risk management framework. Ensures suitable Operational Risk Training is available to the business (1LOD) and BCROs to ensure appropriate understanding of framework elements. Independently advises on the development of reporting on operational risk management for the business line CRO on the identification, management and mitigation of operational risks that may arise from inadequate or failed internal processes, people, systems or external events. All reporting complies with the established Corporate Operational Risk Management framework. Oversees the first line's appropriate maintenance of RCSA and HLA and timely reporting of significant events including losses events and near misses. May participate in and provide challenge to the first line's scenario analysis (SA). Uses established working relationships with the Risk Management, Compliance and Audit teams and members of the business line to ensure timely completion of operational risk-related deliverables, issue resolution and operational loss estimation and remediation. Responsible for appropriately escalating issues to the Chief Risk Officer and business unit leadership when risk exposure is deemed to be increasing. No direct reports; expected to collaborate with colleagues and contribute to the achievement of team objectives. Modified based upon local regulations/requirements.
Qualifications Bachelor s degree or the equivalent combination of education and experience is required. 10-12 years of total work experience preferred.
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
Risk and Compliance provide risk and compliance services across all BNY Mellon businesses. Organizationally, Risk and Compliance includes the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Risk managers provide shared support to BNY Mellon for operational risk services for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. This is accomplished through business- and business partner-specific teams of professionals, under centralized global management.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New York-New York
Internal Jobcode: 85189
Requisition Number: 1807617