Principal, Line of Business Risk

Job Description

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 facing a high level of risk. Advises and assist the assigned business line with the evaluation of their existing processes and uses a high level of knowledge of risks that commonly arise to appropriately direct the business line's activities to address any control gaps. Uses strong familiarity with the assigned business line to anticipate, assess, monitor and report on operational, fiduciary, reputational, business and strategic risks inherent to the assigned business line. Directs the assigned business unit's compliance with the Operational Risk Management Framework by identifying, assessing and mitigating risks, identifying emerging issues, contributing to the development of processes and controls to manage risks, monitoring the adequacy and effectiveness of the control environment, remediating deficiencies, monitoring and challenging business activities and enforcing business line awareness of and adherence to the risk management framework. Independently develops reporting on outputs of risk management activities completed. May assign reporting activities to more junior professionals. All reporting adheres to established CORM policies and procedures. Ensures the assigned business line's appropriate completion of all steps involved in the identification of possible risks during the creation or modification of new products and processes and all non-standard business acceptance events. Recommends modifications to reduce implementation risk and uses strong influence with business line management to ensure compliance, risk and control documentation and notification of all appropriate representatives and regulators. Uses established working relationships with the Risk Management, Compliance and Audit teams and members of the business line team to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements. Responsible for appropriately escalating issues to the Risk and Compliance management team. No direct reports; provides guidance to more junior team members and may assign tasks, as needed. Contributes to the achievement of team objectives. 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 preferred.

Qualifications

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BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater Manchester-Manchester
Job: Risk
Internal Jobcode: 85173
Organization: Risk-HR06016
Requisition Number: 1918778