BNY Mellon Careers

APAC Executive Manager - Risk

Hong Kong, Hong Kong
Risk


Job Description

Who we are:


For over 230 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world’s leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $15 billion in revenues and market capitalization of approximately $50 billion


BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:


Managing the custody of over $31 trillion financial assets of the world’s leading institutional investors, hedge funds, sovereign wealth funds, and corporates


Investing over $1.8 trillion as one of the largest global asset managers across a wide range of asset classes


Providing collateral, liquidity, and funding for the world’s largest banks through our markets franchise


Serving family offices and high net worth individuals in our top 10 wealth manager ($250 billion assets)


Providing a full suite of solutions to advisors, broker-dealers, family offices, hedge and '40 Act fund managers, registered investment advisor firms and wealth managers (over $1.8 trillion in client assets)


Advising large global corporations on a range of trust and other solutions


Providing integrated managed data services to asset managers (over $4.7 trillion)


In addition, BNY Mellon is a strategic partner to a variety of financial technology companies and a convener of influential industry and market structure forums.



Role details


As the Chief Risk Officer for Asia Pacific you will be responsible for ensuring a strong enterprise risk culture and adherence to the enterprise risk management framework. Reporting to directly to the Senior Executive Vice President, Chief Risk Officer in New York, you will serve as the Chair of the Asia Pacific Senior Risk and Control Committee and as a member of the APAC Leadership Council. You will regionally lead specialized teams of professional staff and more junior managers focusing on a highly complex enterprise risk management specialties including Credit Risk, Business Risk, Operational Risk, Technology Risk, and Market Risk. In addition, you will provide regional oversight to the Risk departments of Pershing Securities Australia and to our Investment Management businesses. 


Key Duties


Ongoing management/maintenance of the risk management strategy and framework, and for performing oversight of enterprise risk management activities, including risk identification, risk appetite, stress testing, risk-based capital, risk aggregation and enterprise-wide risk management reporting. 


Accountable for the integrity of the specialty's adherence to the enterprise risk management framework. Advises senior management on framework improvements to further improve the organization's ability to manage risks


Responsible for establishing the enterprise risk management framework, the enterprise risk appetite and the enterprise risk management policies and procedures


Establishes protocols for enforcing and monitoring compliance and assigns routine monitoring responsibilities to professional staff


Leads the development of reports and status updates and delivers these as well as improvement recommendations to senior management


Oversees the triage process to determine whether activities associated with the assigned specialty are tolerable or present a high enough level of risk to require action


Categorizes risks appropriately in order to protect the organization without unnecessarily hindering strategic opportunities


Uses relationships with senior roles in Risk & Compliance to drive the timely completion of risk related deliverable and issue resolution. Produces accurate and effective solutions and appropriately escalates issues to organizational leadership


Serves as the approval point for new product implementation and new business agreements. Establishes the chain of approval based on best practices and extensive industry experience


Establishes protocols for determining whether new product implementation and new business agreements are significant changes for the assigned risk management specialty, which departments should review the change, the appropriate levels of approval for the change and how risk associated with the change will be assessed


Recruits, directs, motivates and develops professional staff and more junior managers, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team and/or lead.


Responsible for the achievement of the goals and objectives of the enterprise risk strategy and framework. Ensures regions are equipped to operationalize and attain global objectives. Ensure appropriate financial and human resource allocation.

Qualifications

You would have a passion for and track record in:
Being entrepreneurial and self-directed – being able to take a conceptual business challenge from an initial set of facts and hypotheses to real, practical solutions Working closely with and counseling senior business leaders with the objective of being a trusted advisor  Being intellectually curious and interested in the future of financial services and shaping an industry through one of its major stakeholders Managing complexity and leading multiple projects with an unrelenting focus and prioritization Being a thoughtful communicator who can express complex ideas in simple, practical terms for a wide range audiences Bring a global mindset and working across a diverse set of environments

The ideal candidate would have:
Bachelor’s degree or the equivalent combination of education and experience is required. Master's degree preferred. Solid work experience and a seasoned talent manager


BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Hong Kong-Hong Kong-Hong Kong
Job: Risk
Internal Jobcode: 85177
Organization: Risk-HR06016
Requisition Number: 1906435