SrSpec, LoB Risk SrSpec, LoB 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
SrSpec, LoB Risk
Vice President/Senior Specialist, Line of Business Operational Risk (Wealth Management)

The Wealth Management Senior Risk Specialist supports the Head of WM Operational Risk and is responsible for ensuring Wealth Management's compliance and alignment with the corporate operational risk management framework. The primary function of this role is to provide review and challenge to the WM business in its day-to-day activities, processes, and implementation of the operational risk tools and to provide quality assurance via analysis and reporting. This is achieved through direct interaction with WM business leaders and subject matter experts as well as working with business partners in legal, compliance, Corporate Operational Risk Management (CORM) and Enterprise Risk Assurance (ERA).

Key responsibilities include:
  • Maintain Operational Risk Management Framework (including WM Risk & Control Self-Assessments, Key Risk Indicators, Gaps, and Action plans); ensure information contained in Risk Management Platform is up-to-date (annual concurrences, action plans), accurate and of appropriate quality.
  • Ensure timely capture, notification, and reporting of Operational Risk Events, completion of Lessons Learned template and Root-Cause Analysis and event linkage where required. Conduct analysis of loss events to determine trends or opportunities for improvement. Review operational risk events to ensure accuracy and consistency with supporting documentation.
  • Develop, compile and maintain Risk Reporting for WM Operational Risk Forum, WM Business Risk Committee and BNY Mellon, N.A. Senior Risk and Control Committee and modify and/or enhance as required. Leveraging operational risk information contained in the Risk Management Platform, compile monthly Risk Report to evidence review and challenge and to facilitate discussions with WM business whereby issues are communicated.
  • Support the Head of WM Operational Risk with the LoB Scenario Analysis program. Compile risk data, communicate policy requirements and timelines and distribute workshop materials to the WM business leaders and business partners.
  • Review Key Indicators, Root Cause, Actions and Target Dates provided by WM for Red and Amber KRI conditions. Provide challenge where appropriate and document WM Risk review and challenge in Risk Commentary.
  • Review the quarterly Health Checks distributed by ERA, Internal Audit and Compliance Testing Reports and Regulatory Exam results to ensure issues identified are reflected in the RCSAs and/or Gaps/Actions.


Bachelor's degree or the equivalent combination of education and experience is required.

7-10 years of total work experience preferred.
BNY  Mellon logo
More Jobs Like This
See more jobs
Close