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BNY · 2 hours ago

Vice President – Operational Risk Coverage

New York, NY

Full-time

Onsite

Mid, Senior Level

$68K/yr - $130K/yr

5+ years exp

BNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. They are seeking a Vice President for Operational Risk Coverage to provide independent oversight and advice on operational risk management, particularly within the Wealth Services Platform. The role involves monitoring risk assessments, providing coaching, and ensuring adherence to the Operational Risk Management Framework.

Financial Services

Responsibilities

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