Senior Vice President, Operational Risk Coverage

Senior Vice President, Operational Risk Coverage

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We're seeking a future team member for the role of Senior Vice President, Operational Risk Coverage to join our Risk & Compliance team. This role is located in Pittsburgh, PA.

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

• Responsible for the second line of defense on-going independent oversight, challenge and advice on day-to-day operational risk management for Corporate Functions, with special focus on the Officer of the CFO Function including Finance and Corporate Treasury.
• Oversee and support execution of the Operational Risk Management Framework by the Function to facilitate the identification, assessment and mitigation of risk arising from people, process, systems and external events.
• Provide ongoing coaching and advice to the Function on current and emerging risk related matters.
• In conjunction with other risk stripes, review, advise on and provide 2LOD approval recommendation for Risk Appetite Limits.
• Independently oversee and monitor the Function Risk and Control Self-Assessment including review, guidance, challenge and approval for risk acceptance, action closure, manual processes and concurring to the RCSA accuracy annually, ensuring that it continuously reflects the Function's operational risks and control environment.
• Partner with the Function to identify significant emerging and potential risk and control weaknesses, including process review, control testing review and other risk deep dives.
• Provide input, oversight and challenge to the Scenario Analysis Process.
• Support the quarterly Risk ID 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 processes such as New / Modified Products and Business Process Change.
• Oversee, challenge and monitor Operational Risk Events (OREs) to identify root causes, ensure appropriate remediation actions to address control gaps and proactively identify themes/trends that require discussion.
• Escalate identified Issues; oversee, challenge and monitor Issues to ensure that they have a proper description, materiality rating and remediation action plans, as well as to monitor the completion of their action plans and to identify trends and themes that require discussion.
• Provide input and challenge on reporting for Risk, Control and Legal Entity.
• Leverage Operational Risk reporting and data analytics to proactively identify and address risk concentration and control weaknesses.
• Contribute to the achievement of the Function's strategy, Objectives and Key Results (OKRs), and regulatory deliverables.

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

• Bachelor's degree or equivalent education required.
• Experience in Operational Risk Management or a similar oversight role required.
• 10-15 years of total work experience preferred.
• Experience covering Finance or Payroll is a plus.
• Finance/Accountancy background preferred.
• Solid analytical and problem-solving skills.
• Solid interpersonal and teamwork skills.
• Data analytics skills/experience preferred.

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.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.