Senior Principal, 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.

We’re seeking a future team member for the role of Senior Principal, Line of Business Risk to join our Operational Risk team. This role is located in New York City, NY - HYBRID.

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

• Responsible for 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 high level of risk.
• Advises and assist the Markets business line with the evaluation of their existing processes and uses extensive industry experience with risks that commonly arise to appropriately lead the business line's activities to address any control gaps.
• Applies vast experience with the assigned business line to anticipate, assess, monitor and report on operational, fiduciary, reputational, business and strategic risks inherent to the assigned business line and with potentially broad consequences across other areas of the organization.
• Leads the assigned business unit's compliance with the Operational Risk Management Framework by identifying, assessing and developing strategies to mitigate risks, anticipating and identifying emerging issues, leading the development of processes and controls to manage risks, monitoring the adequacy and effectiveness of the control environment, remediating deficiencies, monitoring and challenging business activities and enforcing business line awareness of and adherence to the risk management framework.
• Independently develops reporting on outputs of risk management activities completed and assigns reporting tasks to more junior professionals.
• All reporting adheres to established CORM policies and procedures. Instructs more junior professionals on compliance with established CORM policies and procedures.
• Responsible for ensuring the assigned business line'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.
• Designs and recommends modifications to reduce implementation risk and uses strong influence with business line senior management to ensure compliance, risk and control documentation and notification of all appropriate representatives and regulators.
• Uses longstanding, strong working relationships with senior members of the Risk Management, Compliance and Audit teams and senior members of the business line team to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements.
• Responsible for appropriately escalating issues to the Risk and Compliance senior management team and effectively addressing less complex issues escalated by more junior team members.
• No direct reports, provides guidance to more junior team members and assigns tasks. Contributes to the achievement of team objectives.
• Modified based upon local regulations/requirements.

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

• Bachelor‘s degree or the equivalent combination of education and experience is required.
• 12-15 years of total work experience preferred.

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

• 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’

Our Benefits:

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.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $122,000 and $205,000 per year at the commencement of employment. However, 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.

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.