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Senior Specialist, Corporate Operational Risk

Employer
BNY Mellon
Location
Manchester, UK
Salary
Competitive
Closing date
Jul 20, 2019

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Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Team Description: BNY Mellon's risk management framework ensures that all material risks in each business line are defined, understood, and effectively managed by well-designed policies and controls, and that an organizational structure is in place to provide oversight in managing such risks and other strategic concerns. The Team are responsible for formulating, coordinating and maintaining an effective risk framework for EMEA, encompassing all products and services offered by the company within the region. Position Summary: Contributes to the ongoing independent oversight of first line day-to-day operational risk management activities for a standard assigned business line facing a moderate level of risk. Advises and provides oversight to the first line's identification, assessment, monitoring, risk exposure remediation and reporting of the business's risk exposure. Uses knowledge of standard risks to appropriately direct the business line's activities to address any control gaps. Continues to build familiarity with the assigned business line in order to provide oversight of, consultation on and challenge of first line risk management practices. To assist in the ownership of the Risk framework, methodology and requirements for EMEA, supplementing global policy where required. To assist in the development of common procedures and processes for EMEA to drive consistent application of the Risk Framework across business lines/legal entities. To help oversee the implementation of elements of the Risk framework in EMEA, coordinating the execution of elements as required e.g. risk register, emerging risks, risk appetite. To help execute elements of the Risk framework as required e.g. facilitating scenario analysis. To help ensure that all regulatory requirements, for the Risk framework are incorporated in EMEA policy and processes. Help to define best practice on Risk framework related matters and work with the lob and LE risk managers to support them in executing for their lobs/LE. Help to assess all local EMEA regulation and regulatory action on Risk framework matters, and support the communication of the effect on our businesses. Collaborate with management on formulating and developing the Risk framework to drive better execution of strategy and decision-making with regards to risk issues. Help develop, coordinate and provide Risk framework related training. Special projects as determined by the Head of Risk Framework EMEA. The following responsibilities are discharged more broadly by Risk Management at BNY Mellon. Oversees risk assessments, identifies emerging issues, oversees the development of processes and controls to manage operational risks, monitors the adequacy and effectiveness of the control environment, monitors and challenges business activities and increases business line awareness of the operational risk management framework to improve the assigned business unit's compliance with the Corporate Operational Risk Management Framework. Independently advises on the completion of reporting on operational risk management for the business line CRO on the identification, management and mitigation of operational risks that may arise from the inadequate or failed internal processes, people, systems or external events. 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). May influence the business line management to ensure the completion of routine assessments in the event of a change, identification of potential adverse impacts, new product offering, profit loss or adverse audit or examiner findings. Continues to build working relationships with the Risk Management, Compliance and Audit teams and members of the business line to increase the likelihood of timely completion of operational risk-related deliverables, issue resolution and operational loss estimation and remediation. Escalates issues to Corporate Operational Risk management and business unit leadership when risk exposure is deemed to be increasing. Strong interpersonal, communication and presentation skills Ability to gain confidence of senior management and challenge the status quo, as appropriate Good problem solving and analytical skills Ability to work independently, has initiative and self-motivated is essential Knowledge of risk management, economic issues and regulatory environment; financial services / banking, investment services highly preferred Strong Excel skills are desired but not essential Proven track record of delivering Direct relevant work experience is preferred but not essential, including Operational Risk Management, audit and / compliance No direct reports. Contributes to the achievement of team objectives. Bachelor's degree or the equivalent combination of education and experience is required. Qualifications . BNY Mellon is an Equal Employment Opportunity Employer. Primary

Location:
United Kingdom-Greater Manchester-Manchester Job: Risk Internal Jobcode: 85188 Organization: Risk-HR06016 Requisition Number: 1905184

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