Director, Risk - Wealth Management

BNY • New York, NY

4d • $127,000 - $211,500

About The Position

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
We’re seeking a future team member for the role of Director to join our Risk and Compliance team supporting Wealth Management. This role is located in New York City.

Requirements

• Bachelor’s degree in finance, business, risk management, or a related field (advanced degree preferred).
• 10+ years’ experience in risk management and/or compliance, preferably with a risk management specialty applied in the oversight of wealth management business activities.
• Demonstrated experience in a highly matrixed organization across platforms/businesses and entities.
• Passion for the application of Artificial Intelligence technology to risk management and wealth management.

Nice To Haves

• Experience in broker-dealer or wealth management firms strongly preferred, especially with exposure to front-office or first-line risk roles in addition to second-line oversight.
• Demonstrated track record building or transforming risk functions and working with advisory businesses, structured product platforms, or alternative investments is preferred.
• Demonstrated experience with an OCC-regulated entity preferred.

Responsibilities

• Leadership and oversight of risk management activities within the Wealth Management business, Bank Custody Solutions business, BNY Mellon, N.A. entity, and associated firm-wide platforms and entities.
• Ensures risk is managed holistically, aligned with the Bank’s risk appetite, regulatory expectations, and related internal policies.
• Drives a strong risk culture and partners with businesses/control functions to identify, assess, and mitigate risks in the context of the reward of business activities and opportunities.
• Oversees the Bank’s risk management framework and its implementation, including the appetite for risk taking and the establishment of appropriate controls.
• Builds trusted relationships with senior leadership, serving as a strategic and independent partner to evaluate, challenge, and guide business decisions.
• Collaborates with the business and other key stakeholders to evaluate the risk associated with potential new product offerings, new activities, and other initiatives.
• Ensures risk management practices comply with regulatory requirements and industry best practices. Engages with regulators to provide essential risk context and a point of contact.
• Plays a central role in shaping the risk governance model, helping define and clarify roles and responsibilities, the overarching governance structure, and key committees including the senior-most risk management committee.
• Conducts regular risk reviews in order to provide an independent perspective across both financial and non-financial risks. Identifies emerging risks and advises on risk mitigation strategies.
• Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information.

Benefits

• BNY 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, including paid volunteer time, that can support you and your family through moments that matter.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees