BNY Mellon Careers

Senior Principal, Corporate Operational Risk

London, United Kingdom

Job Description

The EMEA Regulatory Risk team are responsible for providing 2nd line oversight of Client Asset Risk and Prudential Regulation, both within Risk as a function, and firm-wide.  Ensuring we meet our regulatory obligations.  

Responsible for the ongoing independent oversight of first line day-to-day operational risk management activities for a highly 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 extensive industry experience with standard and non-standard risks to appropriately lead the business line's activities to address any control gaps. Uses vast experience 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.

Manage and lead the EMEA Regulatory Risk team. This includes providing support and direction in the creation of achievable goals for all team members, and assessing the performance and achievements of all team members on an ongoing basis through regular 121 meetings and the mid-year and end of year review process.      

Ensure all regulatory obligations for the Risk function are identified, assessed and delivered.

Manage the 2nd line oversight of firm wide Regulatory change from horizon scanning, assessment and successful implementation.

Determine and direct the strategy of the EMEA Regulatory Risk team and annual review plan, and develop achievable team objectives. 

Act as the Risk Management CASS ‘Responsible’ individual for the UK regulated entities.

Provide direct support to the Risk Management CASS ‘Accountable’ individual for the UK regulated entities.

Support the line of business client asset ‘Accountable’ and ‘Responsible’ individuals throughout EMEA, where required.

Act as EMEA Risk Management lead on all material regulatory change programmes and projects.

Develop and deliver specific regulatory risk training to the wider EMEA Risk Management team, and provide input into and challenge the ongoing development of the global online regulation training modules, including CASS and CAP.

Provide technical support on the application of applicable regulation to the wider EMEA Risk Management team and relevant lines of business.

Attend legal entity and/or regional regulatory governance committees, to review and challenge ongoing initiatives, issues and breaches, and provide appropriate representation of regulatory risk issues. 

Attend senior management governance committees to provide updates on regulatory risk issues and developments, where required. 

Escalate all regulatory issues and concerns to the EMEA Chief Risk Officer.

Support Senior Management with any queries from external CASS/CAP auditors and/or regulators, where required.

Leads the assigned business unit's development of and compliance with an enterprise-wide Corporate Operational Risk Management framework by overseeing the identification, assessment and development of strategies to mitigate operational risks, anticipating and identifying emerging issues, leading 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 might arise from inadequate or failed internal processes, people, systems or external events. Leads more junior professionals in completing scenario analyses and assigns tasks. All reporting adheres to established Corporate Operational Risk Management policies and procedures. Instructs more junior professionals on improving compliance with the Corporate Operational Risk Management framework.       

Oversee the first line's appropriate maintenance of RCSA and HLA, timely reporting of significant events including losses events and near misses, and identification of potential idiosyncratic loss events via the scenario analysis (SA) process. Organizes, drives and challenges the business during SA. Contributes to the reassessment of the control methodology. Uses strong influence with business line senior 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 longstanding, strong working relationships with senior members of the Risk Management, Compliance and Audit teams and senior members of the business line to ensure timely completion of operational risk-related deliverables, issue resolution 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. Effectively addresses less complex operational risk issues escalated by more junior team members.



BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater London-London
Job: Risk
Internal Jobcode: 85190
Organization: Risk-HR06016
Requisition Number: 1904698