Director, The Operational Risk Stress Testing and Scenario Analysis

Director, The Operational Risk Stress Testing and Scenario Analysis New York, NY, United States Job Description In this role, you’ll make an impact in the following ways: Set the vision, strategy, and framework for the Operational Risk scenario analysis program, aligning to BNY’s enterprise risk framework, strategic pillars, and regulatory expectations. Lead the operational risk stress testing program, including CCAR, in coordination with other Risk and Finance teams. Coordinate scenario analysis activities across first and second lines of defense, ensuring robust challenge, transparency, and effective handoffs from risk identification through quantification and reporting. Drive transformation of methodologies, data, and tooling (including process automation, documentation standards, and governance routines) to improve accuracy, scalability, and timeliness. Oversee end‑to‑end program execution: scenario design, facilitation of workshops, quantification approaches, controls, documentation, and executive‑level reporting. Engage senior stakeholders (risk owners, business leaders, finance, compliance, audit) to socialize findings, influence actions, and support remediation plans; prepare materials for risk committees and executive forums. Ensure comprehensive governance and control discipline, including model/methodology challenge, validation, audit readiness, and adherence to internal policies, standards, and procedures. Monitor emerging risks, industry trends, and regulatory developments; proactively update scenario libraries and stress narratives to reflect evolving risk landscapes. Represent the program in regulatory interactions and internal assurance reviews as needed, ensuring clear articulation of frameworks, assumptions, and outcomes. To be successful in this role, we’re seeking the following: Bachelor’s degree in finance, Risk Management, Economics, Business, Engineering, or related field. 12+ years of experience in operational risk, enterprise risk, scenario analysis, stress testing, or related risk management roles within financial services. Strategic leadership and vision‑setting with strong execution discipline and program management skills. Exceptional stakeholder engagement, communication, and executive presentation capabilities. Deep understanding of operational risk, scenario design/quantification, and first/second line coordination practices. Transformation mindset: process re‑engineering, control design, and continuous improvement. Analytical rigor, critical thinking, and problem‑solving with attention to detail and documentation quality. Preferred Qualifications Experience with operational risk frameworks and capital activities (e.g., Basel/ICAAP/CCAR), risk quantification methodologies, and governance in large financial institutions. Familiarity with data and analytics for scenario analysis. BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $127,000 and $211,500 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 BNY 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 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. #J-18808-Ljbffr BNY Mellon