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Senior Vice President, Operational Risk – Fund Services Job
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| Employer Name: BNY |
SpiderID: 13888812 |
| Location: Pittsburgh, Pennsylvania |
Date Posted: 11/19/2024 |
| Wage: |
Category: Finance/Investment |
| Job Code: 61198 |
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Job Description:
Senior Vice President, Operational Risk – Fund Services
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 Senior Vice President, Operational Risk to join our BNY Asses Servicing Operational Risk team. This role can be located in Pittsburgh, PA or Lake Mary, FL in a Hybrid work environment.
About the team:
Reporting to the Operational Risk Management 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 with oversight of Fund Services, including Global Transfer Agency or Accounting.
As an Operational Risk Officer (ORO), this role at our bank will have daily interactions with the Business, COO, and Operations managers. Direct interactions are critical to ensure that we can provide appropriate independent second line of defense review, challenge, oversight, and advice to the first line of defense. This role ensures that operational risks are properly identified, assessed, and mitigated, thus enabling proactive risk management aligned with on-going investment management activities and strategic priorities and plans.
In this role, you’ll make an impact in the following ways:
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.
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.
Job Requirements:
To be successful in this role, we’re seeking the following:
Bachelor’s Degree or the equivalent combination of education and experience is required. Graduate degree preferred.
10-12 years total work experience with 1-3 years of experience in operational risk preferred.
Strong familiarity with either the Transfer Agency or Accounting products and operations to anticipate, assess, monitor, and report on operational risks.
A strong understanding of the Operational Risk Framework and associated risk tools, eg RCSAs, KRIs.
An understanding of client asset safety regulations and principles
Able to develop and establish collaborative working relationships with colleagues in both 1st and 2nd lines of defense to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements.
Strong analytical skills and ability to learn and assimilate new information quickly.
Excellent interpersonal with the ability to effectively influence senior leaders and across all levels of the organization.
Excellent and demonstrable communication, written, and presentation skills are required.
Job Criteria:
Start Date:
Position Type:
Years of Experience Required: 10 or more
Education Required:
Overnight Travel:
Vacation Time:
Contact Information:
| Contact Name: Kevin Sullivan |
Company Type: |
| Company: |
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| City: New York |
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| State: New York |
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| Zip: 10286 |
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Web Site: https://eofe.fa.us2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_1001/j
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