Vice President Operational Risk Coverage

Vice President Operational Risk Coverage

At BNY, our culture allows us to run our company better and enables employees growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the worlds investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

Were seeking a future team member for the role in Operational Risk to join our Pershing Line of Business Wealth Services Platform. This role is located in New York.

In this role, youll make an impact in the following ways :

• Responsible for the second line of defense on-going independent oversight, challenge and advice on day-to-day operational risk management with special focus on the Wealth Services Platform.
• Oversee and support execution of the Operational Risk Management Framework by the Platform to facilitate the identification, assessment and mitigation of risk arising from people, process, systems and external events.
• Provide ongoing coaching and advice to the Platform on current and emerging risk related matters.
• Oversee and monitor the overall Platform Risk and Control Self-Assessment including guidance, challenge and approval for risk acceptance, action closure, manual processes and formally concurring to the RCSA accuracy annually.
• Partner with the Platform to identify significant risk and control weaknesses through the creation of likely scenarios, stress / scale testing, process review, control design review and other risk deep dives.
• Provide input, oversight and challenge to the Platform Scenario Analysis.
• Review, challenge and approve new and change related client, jurisdiction, product and processes such as Business Process Change.
• Oversee, challenge and monitor Operational Risk Events (ORE) and Operational Risk Limits (ORL) to identify trends, identify root causes and ensure appropriate remediation actions to address control gaps and ensure that the Platform adheres to its Risk Appetite.
• Escalate identified Issues; oversee, challenge and monitor Issues to identify trends, root cause and verification / approval of suitably completed remediation plan for closure of Issues.
• Provide input and challenge on reporting for Risk, Control and Legal Entity.
• Leverage Operational Risk reporting and analytics to aid oversight, analysis and management information.
• Contribute to the achievement of the Platform Objectives and Key Results and regulatory deliverables.

To be successful in this role, were seeking the following :

At BNY, our culture speaks for itself, check out the latest BNY news at :

BNY Newsroom

BNY LinkedIn

Heres a few of our recent 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 lifes 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 is an Equal Employment Opportunity / Affirmative Action Employer - Underrepresented racial and ethnic groups / Females / Individuals with Disabilities / Protected Veterans.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $68,000 and $130,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY 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.