Senior Vice President, Line of Business Risk

Job Description

Senior Vice President, Operational Risk Coverage – Risk & Compliance team – New York City, NY. This senior executive will provide second line of defense oversight and independent risk management for the Corporate Trust business, covering Conventional Trust, Structured Debt, Loans Enablement Platforms, and Credit Services.

Responsibilities

• Responsible for the second line of defense on‑going independent oversight, challenge and advice on day‑to‑day operational risk management for Conventional Trust, Structured Debt, and Credit Services client platforms, as well as the Loans Enablement enterprise platform.
• Oversee and support execution of the Operational Risk Management Framework by the Platforms to facilitate the identification, assessment and mitigation of risk arising from people, process, systems and external events.
• Provide ongoing coaching and advice to the Platforms on current and emerging risk related matters.
• In conjunction with other risk stripes, review, advise on and provide 2L‑OD approval recommendation for Risk Appetite Limits.
• Independently oversee and monitor the Platforms’ Risk and Control Self‑Assessment (RCSA) including review, guidance, challenge and approval for risk acceptance, action closure, manual processes and concurrence to the RCSA accuracy annually, ensuring that it continuously reflects the Platforms’ operational risks and control environment.
• Partner with the Platforms 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 Platforms’ strategy, Objectives and Key Results (OKRs), and regulatory deliverables.

Qualifications

• Bachelor’s degree or equivalent education required.
• 10‑15 years of total related work experience preferred.
• Background in operational risk, compliance, or controls management preferred.
• Knowledge of the Conventional Trust, Structured Debt, Loans or Credit Services businesses is preferred.
• Excellent problem‑solving, analytical abilities, project management, oral and written communications skills.
• Strong data analytics and AI prompting skills, Excel, SharePoint and PowerPoint skills preferred. Familiarity with ServiceNow or similar workflow / task management tools preferred.

Compensation & Benefits

Base salary range in the range of $104,000 to $147,000 per year at commencement. Compensation is individualized by experience and market location. Total rewards may include discretionary bonuses, long‑term incentive plans and a comprehensive benefits package that includes health, dental, vision, life insurance, 401(k), paid leave (vacation, sick, voluntary time) and other benefits. The position is at‑will and the Company may adjust compensation at any time.

Equal Employment Opportunity Statement

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