Vice President I, Operational Risk - BNY

Vice President I, Operational Risk - BNY Investments

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what is all about.

We're seeking a future team member for the role of Vice President, Operational Risk to join our BNY Investments Risk team. This role is located in Pittsburgh, PA in a Hybrid work environment.

About the team:

BNY Investments is one of the world's largest asset and wealth managers, globally managing over US $2.0 trillion of assets for its clients. As the global investment management arm of BNY, one of the world's major financial services groups. Our seven investment firms offer a diverse range of strategies in Multi-Asset, Alternatives, Liability-Driven Investment, Active Equity, Active Fixed Income, Passive, and Cash. This function will be based in Pittsburgh and supervised out of New York, directly support the BNY IM firms.

As an Operational Risk Officer, this role will have daily interactions with the Business, COO, and Operations managers. Direct, face-to-face interactions are critical to ensure that we can provide appropriate independent second line of defense review, challenge, oversight, and advice to BNY Investments first line of defense. This role ensures that operational risks are properly identified, assessed, and mitigated, thus enabling proactive risk management aligned with on-going investment management activities and strategic priorities and plans.

In this role, you'll make an impact in the following ways:

• Contributes to the ongoing independent oversight and challenge of day-to-day risk management activities, client, product and process change risk assessments and risk reporting for an assigned business line/entity risk facing a moderate level of risk.
• Advises and assist the assigned business line with the evaluation of their existing processes and uses knowledge of risks that commonly arise to appropriately direct the business line's activities to address any control gaps.
• Continues to build familiarity with the assigned business line to assess, monitor and report on operational, fiduciary, reputational, business and strategic risks inherent to the assigned business line.
• Contributes to the assigned business unit'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 business line awareness of the risk management framework.
• Independently develops reporting on outputs of risk management activities completed. All reporting adheres to established CORM policies and procedures.
• Contributes to the Dreyfus's appropriate completion of all steps involved in the identification of possible risks during the creation or modification of new products and processes and all non-standard business acceptance events.
• Administers modifications to reduce implementation risk, as directed, and works to ensure compliance, risk and control documentation and notification of all appropriate representatives and regulators.
• Continues to build working relationships with the Risk Management, Compliance and Audit teams and members of the business line team to increase the likelihood of timely completion of risk-related deliverables, issue resolution and implementation of improvements.

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

• Bachelor's Degree or the equivalent combination of education and experience is required. Graduate degree preferred.
• 5-7 years total work experience with 1-3 years of experience in operational risk preferred.
• Previous experience in an Investment Management or Asset Management organization is preferred.
• Excellent and demonstrable communication, written, and presentation skills are required.

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score,
• Best Places to Work for Disability Inclusion , Disability: IN - 100% score,
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

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.

BNY assesses market data to ensure a competitive compensation package for our employees. The 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.