Senior Director, Head of Markets and Execution Services, Market Risk, and Credit Risk Audit

2 weeks ago

New York NY United States BNY Mellon Full time
Overview

Bring your ideas. Make history.

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.

With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

The Senior Audit Director is a senior level management position that is responsible for coordination and oversight of audit activities related to Markets and Execution Services, Market Risk and Credit Risk Management.

Reporting to the Chief Deputy Auditor, the Senior Audit Director is responsible for providing strategic direction, leadership, and coordination of the cyclical risk-based audit plan, provide oversight and continuous monitoring of audit activities, and deliver updates to operating committees, senior management, and key stakeholders.

The individual in this role will have a strong knowledge of audit, risk management, risk and control frameworks, and regulatory expectations at large financial institutions.

In this role, you will make an impact in the following ways:
  • Plan and execute audits of Markets and Executions Services, Market and Credit Risk Management including risk identification, assessment, monitoring, and reporting processes.
  • Performs risk-focused fieldwork, in accordance with Internal Audit policies, methodologies, and standards to identify meaningful issues, risks and other exposures in the area of the company being audited.
  • Evaluate the effectiveness of risk governance structures, policies, and procedures in mitigating key risks and achieving organizational objectives.
  • Develops and maintains senior management and regulatory relationships.
  • Collaborate with cross-functional teams, including risk management, compliance, finance, and internal audit, to address audit findings and implement corrective actions.
  • Stay abreast of industry developments, regulatory changes, and emerging risks, providing insights and recommendations to senior management and audit committees.
  • Participates in the development and enhancement of audit methodologies and tools to improve the efficiency and effectiveness of audit processes.
  • Serves as expert resource, leading others in creating and maintaining accurate and clear work documents, completing tasks on time, on budget, and accurately, and quickly learning new businesses, processes, and regulations.
  • Draws on extensive experience and/or specialist skills (e.g., trading operations front-to-back, market risk, credit risk) to plan and deliver audits.
  • Applies advanced analytical problem-solving skills and leads others in solving complex issues and identifying innovative solutions.

To be successful in this role, we're seeking the following:

Required Qualifications:
  • Bachelor's degree or equivalent combination of education and work experience required. MBA or advanced degree in accounting, finance, or risk management preferred. MBA, CPA/CIA, CFA, FRM or related certifications preferred.
  • 10+ years of total work experience, with 5-7 years of management experience, preferred.
  • Prior experience in a mid to high level managerial role in Audit preferred. Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving.

Desired Qualifications:
  • Deep understanding of specialized audit/risk group(s) (i.e., Credit Risk, Market Risk, Markets Trading & Execution Services).
  • Experience working with and providing reporting and updates to senior-level management and Board committees.
  • Extensive experience communicating with regulators and other oversight bodies.
  • Robust people leadership experience, leading and motivating teams of scale while collaborating in a matrixed organization.
  • Demonstrated ability to solve problems, prioritize decisions, and successfully manage multiple projects in a high-pressure environment.
  • Demonstrated ability to embrace innovation and manage change.
  • Strong communicator, able to build consensus and drive results through collaboration, influence, and persuasion.


At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:
  • Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
  • Bloomberg's Gender Equality Index (GEI)
  • Human Rights Campaign Foundation, 100% score Corporate Equality Index
  • Best Places to Work for Disability Inclusion, Disability: IN - 100% score
  • 100 Best Workplaces for Innovators, Fast Company
  • CDP's Climate Change 'A List'
  • Forbes Blockchain 50


Our Benefits:

BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $200,000 and $300,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

Employer Description:

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 and 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.

EEO Statement:

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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