Vice President

  • Company:
    BNY Mellon
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    3 days ago
  • Category:

Job Description

Description

  • Responsible for theongoing independent oversight and challenge of day-to-day risk managementactivities, client, product and process change risk assessments and riskreporting for an assigned business line/entity risk facing a high level of risk
  • Advises and assistthe assigned business line with the evaluation of their existing processes anduses a high level of knowledge of risks that commonly arise to appropriatelydirect the business line’s activities to address any control gaps
  • Uses strongfamiliarity with the assigned business line to anticipate, assess, monitor andreport on operational, reputational, business and strategicrisks inherent to the assigned business line
  • Directs the assignedbusiness unit’s compliance with the Operational Risk Management Framework byidentifying, 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 andenforcing business line awareness of and adherence to the risk managementframework
  • Independentlydevelops reporting on outputs of risk management activities completed
  • May assign reportingactivities to more junior professionals
  • All reportingadheres to established CORM policies and procedures
  • Ensures the assignedbusiness line’s appropriate completion of all steps involved in theidentification of possible risks during the creation or modification of newproducts and processes and all non-standard business acceptance events
  • Recommendsmodifications to reduce implementation risk and uses strong influence withbusiness line management to ensure compliance, risk and control documentationand notification of all appropriate representatives and regulators
  • Uses establishedworking relationships with the Risk Management, Compliance and Audit teams andmembers of the business line team to ensure timely completion of risk-relateddeliverables, issue resolution and implementation of improvements
  • Responsible forappropriately escalating issues to the businessand Risk and Compliance management teams
  • Qualifications

  • Provides guidance to more junior team members and may assign tasks, as needed
  • 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
  • 10-12 years of total work experience preferred