What are the responsibilities and job description for the Vice President, Operational Risk – Asset Servicing II position at BNY Mellon?
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Vice President, Operational Risk – Asset Servicing II
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000 employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of Vice President, Operational Risk to join our BNY Asset Servicing Operational Risk team. This role can be located in either Pittsburgh, PA or Lake Mary, FL in a Hybrid work environment.
About the team :
Reporting to the Operational Risk Management Senior Director co leading the Asset Servicing Operational Risk Management Team, the Operational Risk Officer will be part of a global team within the 2nd Line of Defence overseeing a number of BNY’s core business lines including Global Transfer Agency, Middle Office, Custody, Sales and Client Coverage.
The Operational Risk Officer (ORO) will have daily interactions with the Business and Operations teams to provide appropriate independent second line of defense review, challenge, oversight, and advice to the first line of defense and ensure that operational risks are properly identified, assessed, and mitigated, also contributing to the proactive risk management for new initiatives and activities and strategic priorities and plans.
The ORO have the following responsibilities :
- Oversight, review, challenge and advice for the Asset Servicing adherence with the Operational Risk Management Framework including Risk & Control Self Assessments, Key Risk Indicators, Operational Risk Events and Business Process Change risk assessments.
- Advice and guidance on how to manage operational risks, including identification of new and emerging risks, use of sufficient and appropriate controls, review and remediation of operational risk events and actions to mitigate control gaps.
- Oversight and proactive engagement with strategic initiatives focusing on risk management solutions that enable safe and sound business growth, making recommendations to reduce implementation risk while ensuring compliance, risk and control documentation and notification of all appropriate representatives and regulators.
- Oversight of 1LOD issue escalation and ownership of 2LOD issue escalation to the Risk and Compliance management team.
- Documentation for 2LOD raised challenges and issues and follow-up on 1LOD actions to address them.
- Development, documentation and discussion of risk views, including thematic reviews and independent assessments.
To be successful in this role, we’re seeking the following skills :
At BNY, our culture speaks for itself. Here’s a few of our awards :
Our Benefits and Rewards :
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department / team performance, and market factors.
