Vice President, Operational Risk Coverage
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 Vice President, Operational Risk Coverage to join our Risk team. This role is located in Pittsburgh, PA.
Requirements
- Bachelor's degree or equivalent required; graduate degree preferred
- 5-7 years' professional experience. Op risk experience is preferred.
- Experience in First Line (business/control), Second Line Compliance, or Third Line Audit valued
- Familiarity with Operational Risk Management Framework and tools (RCSAs, KRIs, OREs, Issues, Scenario Analysis)
- Ability to develop and establish collaborative working relationships with colleagues in both 1st and 2nd Lines of Defense to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements.
- Strong data analytics skills; advanced proficiency in Excel, Word, PowerPoint; Experience in AI adoption and utilization is preferred.
- Good interpersonal and communication skills with the ability to interact effectively with senior leaders and stakeholders across all levels of the organization.
- Eagerness to learn, innovate, and explore new ideas
- Strong critical thinking and analytical skills and ability to work with data and identify risk trends, patterns, and concentrations.
- Skilled at delivering clear, well-supported recommendations in writing and verbally.
- Collaborative and team-oriented demonstrating ability to interact and engage with a diverse group of people in a variety of functions across the world.
- Results-oriented, able to work with high productivity in a fast-paced environment with tight timelines and competing priorities.
Nice To Haves
- Graduate degree preferred
- Op risk experience is preferred
- Experience in First Line (business/control), Second Line Compliance, or Third Line Audit valued
- Experience in AI adoption and utilization is preferred
Responsibilities
- Deliver 2nd Line of Defense oversight across Enterprise Platforms ensuring alignment with the ORM Framework.
- Review and challenge the 1st Line of Defense risk and control activities including RCSAs, KRIs, OREs, HLAs, business process changes and issue management to maintain accurate risk profiles.
- Proactively identify gaps, raise challenges and work with the 1st Line of Defense to ensure timely remediation.
- Engage and provide guidance on strategic initiatives and remediation projects focusing on risk management solutions that enable safe and sound business growth and promoting strong 1st Line of Defense accountability.
- Stay current on industry trends and contribute to enterprise AI initiatives.
- Escalate emerging risks and recommend enhancements to ORM frameworks and practices.
Benefits
- Highly competitive compensation
- Benefits and wellbeing programs
- Access to flexible global resources and tools
- Generous paid leaves
- Paid volunteer time
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What This Job Offers
Job Type
Full-time
Career Level
Manager
