BNY Mellon Careers

GrpMgr, LoB Risk (Operational Risk Mgr- Electronic Trading)

New York, New York

Job Description

This is an Operational Risk position embedded within BNYM's Market Risk group.  It's primary mandate is to cover our Electronic Trading business. Responsible for coordinating the efforts of analyzing, reviewing and addressing all Operational Risk activities related to Electronic Trading in order to ensure material emerging and top risks are identified, discussed and escalated if

necessary. This position will require regular communication and collaboration with the wider Risk teams, as well as with senior managers in Operations, Internal Control, Treasury, Compliance, Finance, Audit and Legal teams.

Manages a global/regional team of professional staff and less experienced managers 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 or legal entity facing a low level of risk. Contributes to the assessment, monitoring and reporting on risks inherent to business activities, including fiduciary, reputational, business and strategic risks. Manages the business line/entity risk or legal entity's adherence to the Operational Risk Management Framework. Serves on Risk Management Committees to ensure their effectiveness; facilitates and encourages informed and constructive debate on key issues. Contributes to the establishment of the assigned business line or legal entity's risk appetite statements and helps to ensure alignment with the Company Risk Appetite Statement. Assists the assigned business line or legal entity with the identification, assessment and mitigation of risks and helps to implement controls to manage emerging issues. Monitors compliance and assigns routine monitoring responsibilities to professional staff. Contributes to the development of routine reports as required and delivers these to management, CORM and the Operational Risk Committee (ORC). Works with the Business Sponsor to identify and document risks and mitigants around accepting new business and to gain implementation approval from the appropriate stakeholders and governance body. Reviews the business or legal entity's process for accepting new business, preparing and maintaining standard documents and RFP databases and the process for monitoring adherence to policies and procedures. Assist with the appropriate completion of business process and product changes. Responsible for gaining the appropriate approvals for the change and ensuring all required documentation is completed. Contributes to efforts to develop a strong organizational risk culture. Recruits, directs, motivates and develops professional staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team. Provides feedback at the most critical times. Manages a global/regional team of professional staff and less experienced managers. Responsible for achievement of team goals. Ensures team is equipped to operationalize and attain objectives. Manages financial resources of the team (budgets, expenses, etc.). Modified based upon local regulations/requirements.


 Bachelor s degree or the equivalent combination of education and experience is required. 10-12 years of total work experience, with 1-3 years of management experience, preferred.
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: 85175
Job: Risk
Organization: Risk-HR06016
Requisition Number: 1817688