Hybrid Vice President, Operational Risk Coverage

at BNY

• Job title: Vice President, Operational Risk Coverage
• Job type: Full Time
• Experience level: Lead
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Singapore

About the role

• Vice President overseeing operational risk management, ensuring effective risk governance at BNY. Collaborating with teams to identify and mitigate operational risks within the organization.

Responsibilities

• Responsible for the second line of defense ongoing independent oversight, challenge and advice on day-to-day operational risk management for Platforms/Line of Business (LOB).
• Oversee and support execution of the Operational Risk Management Framework by the Platform to facilitate the identification, assessment and mitigation of risk arising from people, process, systems and external events.
• Provide ongoing coaching and advice to the Platform on current and emerging risk related matters.
• Advise and review the Platform Risk Appetite Statement and associated Risk Appetite Limits in conjunction with other risk stripes.
• Oversee and monitor the overall Platform Risk and Control Self-Assessment including guidance, challenge and approval for risk acceptance, action closure, manual processes and formally concurring to the RCSA accuracy annually.
• Partner with the Platform to identify significant risk and control weaknesses through scenario creation, stress/scale testing, process and control design reviews, and other risk deep dives.
• Provide input, oversight and challenge to the Platform Scenario Analysis.
• Support the quarterly Risk Identification and High-Level Assessment (HLA) process by participating in pre-HLA meetings, reviewing and challenging HLAs.
• Review, challenge and approve new and change-related client, jurisdiction, product and process matters such as Business Acceptance Committee, New/Modified Products and Business Process Change.
• Oversee, challenge and monitor Operational Risk Events (ORE) and Operational Risk Limits (ORL) to identify trends, root causes and ensure appropriate remediation actions to address control gaps and adherence to Risk Appetite.
• Escalate identified issues; oversee, challenge and monitor issues to identify trends, root cause and verify/approve remediation plans for closure.
• Provide input and challenge on reporting for Risk, Control and Legal Entity.
• Leverage Operational Risk reporting and analytics to aid oversight, analysis and management information.
• Contribute to the achievement of Platform Objectives and Key Results and regulatory deliverables.

Requirements

• Bachelor’s degree or equivalent education required.
• Experience in Operational Risk Management or a similar oversight role required.
• 7-10 years of total work experience preferred.
• Solid analytical and problem-solving skills.
• Strong interpersonal and teamwork skills.
• Data analytics skills/experience preferred.

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.