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Principal, Markets Operational Risk at BNY Mellon / America Jobs
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Full-time Principal, Markets Operational Risk

at BNY Mellon in New York

Working in the 2LOD, responsible for the ongoing independent oversight of first line day-to-day operational risk management activities for the global electronic trading activity within the Markets Business, including both FX and Fixed Income / Equity instruments, products and services
Advises and provides oversight to the first line's identification, assessment, monitoring, risk exposure remediation and reporting of the business's risk exposure.
Uses a high level of knowledge of standard and non-standard risks to appropriately direct the business line's activities to address any control gaps.
Uses strong familiarity with the Markets business line in order to provide oversight of, consultation on and challenge of first line risk management practices that may have potentially broad consequences across other areas of the organization.
On behalf of the risk function, responsible for co-ordination and completion of the annual RTS-6 MiFID Algorithmic Trading Validation Report working with both business and 2LOD stakeholders.
Directs the assigned business unit's compliance with the an enterprise-wide Corporate Operational Risk Management framework by overseeing the identification, assessment and mitigation of risks, identifying emerging issues, contributing to the development of processes and controls to manage operational risks, monitoring the adequacy and effectiveness of the control environment, overseeing deficiency remediation, monitoring and challenging business activities and enforcing business line awareness of and adherence to the operational risk management framework.
Independently advises on the development of reporting on operational risk management for the business line CRO on the identification, management and mitigation of operational risks that may arise from inadequate or failed internal processes, people, systems or external events.
Responsible for specific risk reporting to committees, governing bodies, and forums, ensuring all reporting complies with the established Corporate Operational Risk Management framework.
Oversees the first line's appropriate maintenance of RCSA and HLA and timely reporting of significant events including losses events and near misses.
Participates in and provides challenge to the first line's scenario analysis (SA). Uses growing influence with business line management to ensure the completion of non-routine assessments in the event of a change, identification of a potential adverse impact, new produce offering, profit loss or adverse audit or examiner finding.
Uses established working relationships with the Risk Management, Compliance and Audit teams and members of the business line to ensure timely completion of operational risk-related deliverables, issue resolution and operational loss estimation and remediation.
Responsible for appropriately escalating issues to the Chief Risk Officer and business unit leadership when risk exposure is deemed to be increasing.
No direct reports, and collaborates with global team members and stakeholders as needed.
Contributes to the achievement of team objectives.
Modified based upon local regulations/requirements.
Bachelor‘s degree or the equivalent combination of education and experience is required.
10-12 years of total work experience preferred, but not essential.
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.

Reference : Principal, Markets Operational Risk jobs

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Published at 29-09-2022
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