BNY Mellon Careers

Prin, Corp Opl Risk

Pittsburgh, Pennsylvania
Risk


Job Description

Responsible for the ongoing independent oversight of first line day-to-day operational risk management activities for a complex assigned business line facing a high level of risk. Advises and provides oversight to the first line's identification, assessment, monitoring, risk exposure remediation and reporting of the business's risk exposure. Uses a high level of knowledge of standard and non-standard risks to appropriately direct the business line's activities to address any control gaps. Uses strong familiarity with the assigned business line 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 the assigned business unit's compliance with the an 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. 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. May assign reporting activities to more junior professionals. 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. Participates in and provides challenge to the first line's scenario analysis (SA). Uses growing influence with business line management to ensure the completion of non-routine assessments in the event of a change, identification of a potential adverse impact, new produce offering, profit loss or adverse audit or examiner finding. 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; 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.  

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-Pennsylvania-Pittsburgh
Internal Jobcode: 85189
Job: Risk
Organization: Risk-HR06016
Requisition Number: 1810697