BNY Mellon Careers

Prin, LoB Risk

Pittsburgh, Pennsylvania

Job Description

The incumbent is responsible for developing a detailed understanding of the Asset Servicing business including client base, products, services and risks.  Using this knowledge the incumbent will work with the business to identify and analyze material existing and emerging risks and will ensure the business understands and takes ownership for risk decisions resulting in implementation of mitigants and appropriate resolution of issues. This includes working closely with the LOB, Legal, Compliance, etc., to establish a thorough understanding of the risks associated with new and existing business, new products, and business changes, analyzing those risks, understanding existing and proposed controls and engaging with and challenging the first line of defense to mitigate those risks.  S/He ensures appropriate escalation and acceptance of material risks.  S/He collaborates with LOB regarding the development and implementation of sound risk management practices including Risk and Control Self Assessments, Key Risk Indicators, etc. within the business in line with the Risk Framework. The incumbent will engage business management to understand risks, challenge existing controls and assist in establishing a strong risk culture.  The incumbent is also responsible for working with the Risk Manager and LOB to improve management information in order to bring attention to material issues or actionable items as necessary.    Responsible for the ongoing independent oversight and challenge of day-to-day risk management activities, client, product and process change risk assessments and risk reporting for an assigned business line/entity risk facing a high level of risk. Advises and assist the assigned business line with the evaluation of their existing processes and uses a high level of knowledge of risks that commonly arise to appropriately direct the business line's activities to address any control gaps. Uses strong familiarity with the assigned business line to anticipate, assess, monitor and report on operational, fiduciary, reputational, business and strategic risks inherent to the assigned business line. Directs the assigned business unit's compliance with the Operational Risk Management Framework by identifying, assessing and mitigating risks, i   Identifying emerging issues, contributing to the development of processes and controls to manage risks, monitoring the adequacy and effectiveness of the control environment, remediating deficiencies, monitoring and challenging business activities and enforcing business line awareness of and adherence to the risk management framework. Independently develops reporting on outputs of risk management activities completed. May assign reporting activities to more junior professionals. All reporting adheres to established CORM policies and procedures. Ensures the assigned business line's appropriate completion of all steps involved in the identification of possible risks during the creation or modification of new products and processes and all non-standard business acceptance events. Recommends modifications to reduce implementation risk and uses strong influence with business line management to ensure compliance, risk and control documentation and notification of all appropriate representatives and regulators. Uses established working relationships with the Risk Management, Compliance and Audit teams and members of the business line team to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements. Responsible for appropriately escalating issues to the Risk and Compliance management team. No direct reports; provides guidance to more junior team members and may assign tasks, as needed. Contributes to the achievement of team objectives. Modified based upon local regulations/requirements


The qualified candidate will possess a BS/BA degree, an MBA or at least 10 years of relevant product/financial services and/or credit, risk management, and compliance management experience with a thorough knowledge of banking and fiduciary regulations, operations, and control systems. S/He will have superior problem solving, analytical and oral and written communications skills. S/He will have the ability to handle stressful situations with internal clients while maintaining a professional approach to problem solving. S/he will have outstanding interpersonal skills in order to influence and impact business decisions over which s/he has no direct authority. S/He will have the ability to manage numerous projects simultaneously.

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:

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-Pennsylvania-Pittsburgh
Internal Jobcode: 85173
Job: Risk
Organization: Risk-HR06016
Requisition Number: 1808594