BNY Mellon Careers

Investment Management Operational Risk Manager

London, United Kingdom
Compliance


Job Description

Overview Of BNY Mellon:

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.

Job Purpose:

• To oversee operational risk management in BNYM Investment Management Businesses.

• To provide assistance to risk managers in the Investment Management Businesses to help them identify and manage risk, and meet BNYM policy requirements.

• To provide advice to risk managers in the Investment Management Businesses in regards to BNYM requirements and the use of BNYM systems and data platforms.

• To develop management information at the regional level and ensure that BNYM Senior Management have a view of risks and control environment across the Investment Management Businesses.

• To ensure escalation of material risk issues.

• To lead the established consolidated ICAAP process and help ensure meeting other relevant regulatory requirements by the consolidation group.

• To facilitate communication between the boutiques’ risk management function and BNYM Enterprise Risk Management

Responsibilities:

Reporting into the Into the Investment Management Head of Risk and Compliance EMEA & LatAm, this role will hold responsibility for risk and compliance related issues within the firm. 

Key responsibilities:

• Risk Framework – to assist in maintaining and implementing an effective operational risk management framework in the investment management boutiques which meets BNYM standards and local regulatory requirements;

• Risk advisory – to provide advice and expertise to the investment management boutiques in respect of existing and new corporate risk policies, methodologies and tools;

• Apply analytical techniques to produce in-depth analysis of risk and control environment across the Investment Management Businesses;

• Diagnostic investigations into ‘priority’ operational risk events and issues across the boutiques;

• Develop and maintain regional management information;

• Coordinate the consolidated ICAAP across EMEA firms;

o Facilitate scenario development process for operational risk modelling for ICAAP that is adequate for investment management firms;

o Update consolidated ICAAP documentation to meet the regulatory requirements and support the ICAAP across the investment management boutiques;

o Update consolidated Pillar 3 Disclosure to meet the regulatory requirements;

• Risk Culture – to assist in developing and promoting risk culture across the investment management boutiques;

• Act in the role of Records Coordinator for the team.

Key relationships:

• Internally within the department;

• Internally with senior management;

• Internally with staff in Investment Management Businesses;

• Externally with a variety of third parties as appropriate e.g. regulators, contractors.

Qualifications

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BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater London-London
Job: Compliance
Internal Jobcode: 85161
Organization: Compliance & Ethics-HR06015
Requisition Number: 1819390