BNY Mellon Careers

Senior Specialist, Corporate Operational Risk

Manchester, United Kingdom

Job Description

Contributes to the ongoing independent oversight of first line day-to-day operational risk management activities for a standard assigned business line facing a moderate 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 knowledge of standard risks to appropriately direct the business line's activities to address any control gaps. Continues to build familiarity with the assigned business line in order to provide oversight of, consultation on and challenge of first line risk management practices.


  • Oversee Compliance Horizon Scanning allocation process to ensure the accurate and timely allocation of prudential regulation items for Risk Management.

  • Monitor and escalate changes in ProACT (regulatory traceability tool) relating to prudential regulation to relevant stakeholders/owners (Risk Management only).

  • Produce and distribute monthly MI on prudential regulation allocations in ProACT, arising from the horizon scanning process.

  • Collate and present actions arising from prudential regulation horizon scanning process to Risk and Finance sub-EPC.

  • Attend the Risk and Finance sub-EPC and distribute actions to wider Risk Management team where appropriate. 

  • Provide cover for Client Asset Risk Manager in all LOB client asset councils and working groups and review and challenge ongoing initiatives, issues and breaches.

  • Provide cover for Client Asset Risk Manager in all client asset control and breach meetings and review and challenge progress of remedial and preventative activities.

  • Review and challenge all risk scorecards and assessments for business change proposals and new products with a regulatory impact (excluding CASS and CAP, unless providing cover for Client Asset Risk Manager), to ensure risks are identified and effective controls are designed. Act as first point of contact for all regulatory risk queries from colleagues in EMEA Risk Management and the first line of defence (excluding CASS and CAP, unless providing cover for Client Asset Risk Manager).

  • Collaborate with second and third line of defence partners (Compliance and Legal) on regulatory developments, issues, risks and breaches where required (excluding CASS and CAP, unless providing cover for Client Asset Risk Manager).

  • Work with LoB Risk Management and the Risk Framework team to establish meaningful regulatory risk scenarios.

  • Escalate all regulatory issues and concerns to the Head of EMEA Regulatory Risk (excluding CASS and CAP, unless providing cover for Client Asset Risk Manager).

  • Oversees risk assessments, identifies emerging issues, oversees the development of processes and controls to manage operational risks, monitors the adequacy and effectiveness of the control environment, monitors and challenges business activities and increases business line awareness of the operational risk management framework to improve the assigned business unit's compliance with the Corporate Operational Risk Management Framework.

  • Independently advises on the completion of reporting on operational risk management for the business line CRO on the identification, management and mitigation of operational risks that may arise from the 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. Participates in and provides challenge to the first line's scenario analysis (SA). May influence the business line management to ensure the completion of routine assessments in the event of a change, identification of potential adverse impacts, new product offering, profit loss or adverse audit or examiner findings.

  • Continues to build working relationships with the Risk Management, Compliance and Audit teams and members of the business line to increase the likelihood of timely completion of operational risk-related deliverables, issue resolution and operational loss estimation and remediation. Escalates issues to Corporate Operational Risk management and business unit leadership when risk exposure is deemed to be increasing.



BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater Manchester-Manchester
Job: Risk
Internal Jobcode: 85188
Organization: Risk-HR06016
Requisition Number: 1903766