Apply on Employer Site

BNY · 1 day ago

Director, Risk - Wealth Management

New York, NY

Full-time

Onsite

Senior Level, Lead/Staff

$127K/yr - $212K/yr

10+ years exp

BNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. The Director of Risk for Wealth Management will lead risk management activities, ensure compliance with regulatory requirements, and drive a strong risk culture within the organization.

Financial Services

Responsibilities

Leadership and oversight of risk management activities within the Wealth Management business, Bank Custody Solutions business, BNY Mellon, N.A. entity, and associated firm-wide platforms and entities

Ensures risk is managed holistically, aligned with the Bank’s risk appetite, regulatory expectations, and related internal policies

Drives a strong risk culture and partners with businesses/control functions to identify, assess, and mitigate risks in the context of the reward of business activities and opportunities

Oversees the Bank’s risk management framework and its implementation, including the appetite for risk taking and the establishment of appropriate controls

Builds trusted relationships with senior leadership, serving as a strategic and independent partner to evaluate, challenge, and guide business decisions

Collaborates with the business and other key stakeholders to evaluate the risk associated with potential new product offerings, new activities, and other initiatives

Ensures risk management practices comply with regulatory requirements and industry best practices. Engages with regulators to provide essential risk context and a point of contact

Plays a central role in shaping the risk governance model, helping define and clarify roles and responsibilities, the overarching governance structure, and key committees including the senior-most risk management committee

Conducts regular risk reviews in order to provide an independent perspective across both financial and non-financial risks. Identifies emerging risks and advises on risk mitigation strategies

Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information

Qualification

Risk managementWealth managementRegulatory complianceArtificial IntelligenceBroker-dealer experienceStrategic partnershipRisk cultureRisk reportingLeadership

Required

Bachelor's degree in finance, business, risk management, or a related field

10+ years' experience in risk management and/or compliance, preferably with a risk management specialty applied in the oversight of wealth management business activities

Preferred

Advanced degree preferred

Experience in broker-dealer or wealth management firms strongly preferred, especially with exposure to front-office or first-line risk roles in addition to second-line oversight

Demonstrated track record building or transforming risk functions and working with advisory businesses, structured product platforms, or alternative investments is preferred

Demonstrated experience with an OCC-regulated entity preferred

Demonstrated experience in a highly matrixed organization across platforms/businesses and entities

Passion for the application of Artificial Intelligence technology to risk management and wealth management