Overview
Role Description:
This role is responsible for the ongoing independent oversight and challenge of day-to-day risk management activities, client and product risk assessments and risk reporting for the Treasury Services Business Line. This is a second line of defense role that serves as the central point of oversight for all risks, translating this into a meaningful assessment of the overall business risk profile. Central to this role will be an ability to connect elements of the risk appetite and profile and articulate these in a way that influences the business to own the appropriate action to identify, assess, monitor and mitigate risk.
An opportunity to help drive the future of Payments, Trade Finance and Liquidity, including the development of digital asset products, by providing real-time challenge and expertise to help deliver a seamless, consistent, holistic and superior client experience.
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A strong commercial mindset, understanding of drivers of risk in the Treasury Services business, experience managing an Enterprise Risk Management program, and an ability to build relationships across the three lines of defense are key to success.
Primary responsibilities include the following:
- Drive the assessment, monitoring and reporting on risks inherent to business activities, including Financial Crimes and Compliance, Technology, Reputational and Strategic risks.
- Support the establishment of the Business Risk Appetite, and contribute to its development, including metrics to monitor adherence.
- Be accountable for the business line's adherence to the Operational Risk Management Framework, in collaboration with Operational Risk Officers.
- 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.
- Lead the engagement with the Treasury Services Product team, building relationships and driving first line ownership.
- Provide Risk Oversight of new and modified Products and other business initiatives. Advise on effective risk mitigation strategies and ensure implementation.
- Collaborate to develop a strong risk culture and 1LOD risk ownership and contribute to developing the function's effectiveness as a second line to the business.
- Develop productive relationships with other risk teams and partner functions, with opportunities to work on larger, cross-line of business activities. Provide comprehensive updates/escalation and/or reporting to all stakeholders.
- Contribute to the achievement of team objectives as they evolve, and as the Line of Business changes to achieve their strategic goals.
Primary Location: Pittsburgh, other US locations may be considered
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.