Sr. Group Manager (Credit & Market Risk) Sr. Group Manager (Credit & Market Risk) …

BNY Mellon
in Jersey City, NJ, United States
Permanent, Full time
Last application, 29 Jul 21
Competitive
BNY Mellon
in Jersey City, NJ, United States
Permanent, Full time
Last application, 29 Jul 21
Competitive
Sr. Group Manager (Credit & Market Risk)
Leads an effort to enhance risk management capabilities for the Institutional client segment. Guides a detailed analysis of current and prospective institutional clients that employ sophisticated trading strategies such as; algorithmic, agency trade matching and high frequency messaging. 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 assigned business line(s)/entity risk(s) or legal entity facing a moderate level of risk. Directs the assessment, monitoring and reporting on risks inherent to business activities, including fiduciary, reputational, business and strategic risks. Responsible for the integrity of the business line(s)/entity risk(s) or legal entity's adherence to the Operational Risk Management Framework. Serves on Risk Management Committees to ensure their effectiveness, facilitates and encourages informed and constructive debate on key issues. May also lead enterprise wide risk governance projects. Consults on the establishment of the enterprise-wide Operational Risk Management framework, the Company Risk Appetite Statement, Business Scenario Exercises, and the Corporate Operational Risk Management (CORM) policies and procedures. Assists the assigned business line or legal entity with the identification, assessment and mitigation of risks and helps to identify and implement controls to manage emerging issues. Develops routine reports as required and delivers these to management, CORM and the Operational Risk Committee (ORC). Works with the Business Sponsor to identify and document risks and mitigants around accepting new business and to gain implementation approval from the appropriate stakeholders and governance body. Reviews and approves the business or legal entity's process for accepting new business, preparing and maintaining standard documents and RFP databases and the process for monitoring adherence to policies and procedures. Ensures business process and product changes are completed appropriately. Recommends modifications to decrease risks inherent to the process or product change. Responsible for gaining the appropriate approvals for the change and ensuring all required documentation is completed. Contributes to efforts to develop a strong organizational risk culture and further develop the function's effectiveness as a second line of defense for the business or legal entity. Provides feedback at the most critical times. Qualifications Bachelor s degree or the equivalent combination of education and experience is required. 12-15 years of total work experience, with 3-5 years of management experience, preferred. BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums. Primary Location: United States-New Jersey-Jersey City Internal Jobcode: 85176 Job: Risk Organization: Pershing Domestic-HR06431 Requisition Number: 2112902
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