IM EMEA Risk Manager
- London, England, United Kingdom
- Permanent, Full time
- BNY Mellon
- 16 Jan 18 2018-01-16
IM EMEA Risk Manager
BNY Mellon Investment Management's goal is to build and manage investment and wealth management strategies and solutions that address the ever changing needs of our clients. Drawing on deep expertise, we collaborate with our clients to understand their needs and tailor our best ideas and resources to meet their specific requirements. As recognised pioneers of the multi-boutique model, BNY Mellon have some of the best investment ideas, from the finest investment minds, all in one place. BNY Mellon Investment Management has over US$1.8 trillion AUM (BNY Mellon, September 2017) and is the global investment management arm of BNY Mellon, one of the world's 7th largest global asset managers (Willis Towers Watson in conjunction with Pensions and Investments, October 2016) and 4th largest asset manager (Investments Pensions Europe, June 2016) active in the European marketplace. Job Purpose: To take a lead role in the design, development and execution of the operational risk framework and oversight programme in respect of the IM-EMEA and the associated fund companies, BNY Mellon Fund Managers Limited ("BNYMFM") in the UK and BNY Mellon Global Management Limited ("BNYMGM") in Ireland, including investment managers appointed by IM EMEA and the associated fund companies and the fund administrator. The role may involve travel within the UK and Europe, the United States and Latin America. Responsibilities: -Maintain and update the Risk & Control Self-Assessment (RCSA) in respect of IM EMEA, BNYMFM and BNYMGM, working with senior business owners to ensure "gaps" are identified and closed in a timely manner and processes continually assessed.
-Perform detailed risk assessments on proposed business process changes and key areas of risk e.g. AML, Fraud, Market Abuse.
-Co-ordinate the IM EMEA Capital Planning process and contribution to the IMEH consolidated ICAAP, working with IM EMEA senior management, Finance and group Compliance.
-Perform diagnostic work on OpRisk Events and work with business stakeholders to develop actions to enhance the control environment.
-Develop and maintain Risk Appetite Statement (RAS) for each of the above entities, including preparation of updates to governance committees and boards of the above entities.
-Develop, implement and monitor Key Risk Indicators and RAS metrics and report to governance committees and legal entity boards on exceptions.
-Preparation of Operational Risk report submitted to governance committees, including the IM EMEA Investment Management Oversight Committee (IMOC) and Risk & Compliance Committee (RCC), and legal entity boards.
-Maintenance of Risk Management Policies and Procedures and review updates of corporate policies, communicating key changes to business stakeholders.
-To make an active contribution to the design and development of the Risk & Compliance oversight programme in respect of delegated investment management and administration functions, working with colleagues within the Risk & Compliance team to execute reviews according to the plan agreed by RCC and the legal entity boards.
-Ensure that output from oversight reviews are documented accurately and in a timely manner, escalating issues promptly to the Head of Risk & Compliance and where appropriate, to IM-EMEA senior management.
-Participate in centralised initiatives across the BNY Mellon Risk & Compliance organisation, to ensure consistency of approach across business lines and appropriate knowledge-exchange.
-General duties, as required, including co-ordination of records management policy and process, validation of recorded phone lines and e-mail retention policies. -Provide support to the management and execution of business projects and those related to regulatory-change. Demonstrate awareness of current and emerging regulatory and industry developments and the potential impact to IM-EMEA and the fund management companies. -Provide training to the business on operational risk matters as required.
Job Specific Competencies: -Strong interpersonal and communication skills (oral and written, in particular report writing).
-Attention to detail and ability to work to tight deadlines
-A strong team player and self-motivated.
-Ability to work effectively under pressure and to tight deadlines.
-Must be capable of exercising sound judgement and good decision-making in managing risk.
-Good organizational skills and self-discipline in managing priorities.
Technical Skills, Knowledge, Systems Knowledge
-Prior experience working with the financial services industry would be advantageous, particularly within Compliance or another control function (i.e. Risk or Internal Audit).
-Exposure and understanding of accounting and finance desirable.
-Familiarity with the UK regulatory system including the FCA's supervisory approach and the Handbook of rules/guidance, particularly prudential rules, also beneficial.
-Competent in Word, Excel, Powerpoint and other desktop applications.
Academic/Professional Qualifications (or equivalent qualifiers)
Degree level preferred but not essential.
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
As one of the world's leading investment management organizations and one of the top U.S. wealth managers, BNY Mellon Investment Management combines agility, insight and scale to create and deliver strategies and solutions to address our clients' needs. Encompassing BNY Mellon's investment management firms, wealth management organization and global distribution teams, we draw on deep expertise to collaborate with clients and tailor our best ideas and resources to meet their specific needs. We pride ourselves on providing dedicated service through our network of global professionals who have a deep understanding of local requirements. With our extensive experience in anticipating and responding to the investment and financial needs of the world's governments, pension plan sponsors, corporations, foundations, endowments, advisors, intermediaries, individuals and families, and family offices, BNY Mellon Investment Management is dedicated to helping clients reach their goals.
BNY Mellon is an Equal Employment Opportunity Employer.
Primary Location: United Kingdom-Greater London-London
Job: Asset Management
Internal Jobcode: 54021
Organization: BNYM IM EMEA Ltd-HR14104
Requisition Number: 1715741
Tags: EFC:EMEA: 2-I