Overview
Senior Specialist, Line of Business Risk
Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.
With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
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We're seeking a future team member for the role of Senior Specialist, Line of Business Risk to join our Operations Risk team. This role is based out of Pune/Chennai (India) with HYBRID working model (Mandatory 3 days a week work from office) and it is an individual contributor role.
Business Risk roles are aligned with a specific Business Line and are responsible for the ongoing independent oversight and challenge of day-to-day risk management activities that are owned by that Business Line. Roles serve as key representatives of the second line of defense and are responsible for advising and assisting the Business Lines with the evaluation of their existing processes, understanding the risks that arise and determining the appropriate treatment for any control gaps that may appear. Roles are responsible for assessing, monitoring, and reporting on the risks inherent in the business activities of the first line. Roles oversee the application of the Operational Risk Management Framework. The principal risks in the context of the job are operational, fiduciary, reputational, business, and strategic risk.
In this role, you'll make an impact in the following ways where your responsibilities include:
- 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.
- 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. Escalates issues, as needed.
- RCSA/KRI concurrence
- RCSA gaps and actions approval
- Business Process Change oversight
- Scenario Analysis (procedure review; workshops; follow up meetings; minutes; template review)
- RCSA evidence-based control testing plans review
- Operations end of day escalations/issues review & follow up
- Review of operational risk events (root cause analysis; policy adherence)
- Operational Risk Event source data documentation
- Operational Resiliency review
- Internal monthly risk reporting / adhoc reporting
- Good understanding of risk fundamentals
- In depth understanding of business.
- Effective communication skills
- Interactions & collaboration with various internal teams (1LOB, Legal, Controls, Compliance etc.)
- Work as a team player
- Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
- Bloomberg's Gender Equality Index (GEI)
- Best Places to Work for Disability Inclusion , Disability: IN - 100% score
- 100 Best Workplaces for Innovators, Fast Company
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- CDP's Climate Change 'A List'
BNY Mellon 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 that can support you and your family through moments that matter.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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.