SrPrin, Corp Opl Risk SrPrin, Corp Opl Risk …

BNY Mellon
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
BNY Mellon
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
SrPrin, Corp Opl Risk
Responsible for the ongoing independent oversight of first line day-to-day operational risk management activities for a highly complex assigned business line facing a high level of risk. Advises and provides oversight to the first line's identification, assessment, monitoring, risk exposure remediation and reporting of the business's risk exposure. Uses extensive industry experience with standard and non-standard risks to appropriately lead the business line's activities to address any control gaps. Uses vast experience with the assigned business line in order to provide oversight of, consultation on and challenge of first line risk management practices that may have potentially broad consequences across other areas of the organization. Leads the assigned business unit's development of and compliance with an enterprise-wide Corporate Operational Risk Management framework by overseeing the identification, assessment and development of strategies to mitigate operational risks, anticipating and identifying emerging issues, leading the development of processes and controls to manage operational risks, monitoring the adequacy and effectiveness of the control environment, overseeing deficiency remediation, monitoring and challenging business activities and enforcing business line awareness of and adherence to the operational risk management framework. Independently advises on the development of reporting on operational risk management for the business line CRO on the identification, management and mitigation of operational risks that might arise from inadequate or failed internal processes, people, systems or external events. Leads more junior professionals in completing scenario analyses and assigns tasks. All reporting adheres to established Corporate Operational Risk Management policies and procedures. Instructs more junior professionals on improving compliance with the Corporate Operational Risk Management framework. Oversee the first line's appropriate maintenance of RCSA and HLA, timely reporting of significant events including losses events and near misses, and identification of potential idiosyncratic loss events via the scenario analysis (SA) process. Organizes, drives and challenges the business during SA. Contributes to the reassessment of the control methodology. Uses strong influence with business line senior management to ensure the completion of non-routine assessments in the event of a change, identification of a potential adverse impact, new produce offering, profit loss or adverse audit or examiner finding. Uses longstanding, strong working relationships with senior members of the Risk Management, Compliance and Audit teams and senior members of the business line to ensure timely completion of operational risk-related deliverables, issue resolution operational loss estimation and remediation. Responsible for appropriately escalating issues to the Chief Risk Officer and business unit leadership when risk exposure is deemed to be increasing. Effectively addresses less complex operational risk issues escalated by more junior team members. No direct reports,, provides guidance to more junior team members and assigns tasks. Contributes to the achievement of team objectives. Modified based upon local regulations/requirements.Bachelor's degree or the equivalent combination of education and experience is required. 12-15 years of total work 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.

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.
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