Senior Vice President, Operational Risk Coverage

About the role

The Senior Vice President, Operational Risk Coverage role is located in Pittsburgh, PA. This role is 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 a focus on the Officer of the CFO Function including Finance and Corporate Treasury.

Responsibilities

• 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 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 proper description, materiality rating, and remediation action plans, as well as monitor the completion of their action plans and 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.

Requirements

• 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.

Qualifications

• Must be able to perform the essential functions of the job with or without reasonable accommodation.
• Must be able to travel up to 10% of the time.

Skills

• Strong analytical and problem-solving skills.
• Excellent interpersonal and teamwork skills.
• Data analytics skills/experience preferred.

Benefits

At BNY, we offer 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.

Pay

The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award.

Schedule

This role is full-time.

Company Information

BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee’s eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.