Senior Vice President, Issuer Services Risk

3 weeks ago

Pittsburgh, United States BNY Mellon Full time
Overview

BNY Mellon

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.

Team Description; Role; Function on team:

This role serves as key representative of our second line of defense and is 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 predominately for the Depositary Receipts, and to the Corporate Trust, business lines, collectively known as Issuer Services (IS). This role will be responsible for assessing, monitoring, and reporting on the risks inherent in the business activities of the first line; will oversee the application of the Operational Risk Management Framework; and the mitigation of operational, fiduciary, reputational, business, and strategic risks. Central to this role will be an ability to connect elements of the risk profile and articulate these in a way that influences the business to own appropriate action to identify, assess, monitor, and mitigate risk.

Depositary Receipts offers a full range of buy side and sell side services to help facilitate financing in the global capital markets via DRs including, local custody arrangements, issuances and cancellation and structuring corporate actions. Corporate Trust is a top-tier provider of trustee and agency services, focused on conventional and structured debt solutions, project finance and specialized services such as business escrows and document custody, among other offerings.

Responsibilities:
  • Drive the assessment, monitoring and reporting on risks inherent to business activities, including fiduciary, reputational, business, and strategic risks.
  • Provide Risk Oversight of new and modified Products, Business Process Change and other business initiatives. Advise on effective risk mitigation strategies and ensure implementation.
  • Support the establishment of the Business Risk Appetite, and contribute to its development, including metrics to monitor adherence.
  • Oversight and challenge of the Risk Inventory and Scenario Analysis.
  • Be accountable for the business line's adherence to the Operational Risk Management Framework, inclusive of RCSA, KRI, ORE and High-Level Assessment related activities.
  • Be accountable for the assessment, monitoring and reporting of financial risks inherent to business activities, in collaboration with Financial Risk Officers. Additionally, demonstrate a sound working knowledge of credit, third party, resiliency, technology, and compliance risks; and outline market, liquidity, and model risk to identify where it arises.
  • Build and share a knowledge of the market, commercial, and competitive drivers with the team; and use it actively in discussions with the business.
  • Collaborate to develop a strong organizational risk culture and contribute to developing the function's effectiveness as a second line to the business.
  • Contributes to IS's compliance with the Operational Risk Management Framework by assessing risks, identifying emerging issues, assisting with the development of processes and controls to manage risks, monitoring the adequacy and effectiveness of the control environment, monitoring and challenging business activities and increasing IS awareness of the risk management framework. Uses established working relationships with the Risk Management, Compliance and Audit teams and members of the IS team to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements. Responsible for appropriately escalating issues to the Risk and Compliance management team.


Qualifications:
  • Bachelor's Degree, Business or Finance degree preferred, or the equivalent combination of education and experience is required. Master's degree preferred.
  • 10-12 years total work experience preferred.
  • Risk, Compliance, Financial Services, Audit or Operations background and/or experience with Depositary Receipts / Corporate Trust products, services or business lines preferred.


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


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. 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.

#LI-HYBRID

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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