Business Risk Officer - Vice President

Job description

Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.

With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

We're seeking a future team member for the role of Business Risk Officer - Vice President to join our Risk team. This role is located in Manchester - hybrid.

This role is responsible for the ongoing independent oversight and challenge of risk management activities within Asset Servicing and related Operations areas with a focus on Custody Services, Billing, Client Onboarding, Client Coverage and Sales. This is a second line of defence role; the Business Risk Officer is the central point of oversight of all risks, translating this into a meaningful assessment of the overall business risk profile. Central to this role will be an ability to connect elements of the risk profile, and articulate these in a way that influences the business to own appropriate action to identify, assess, monitor and mitigate risk.

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

• Support engagement with the Line of Business and Operations, building relationships and driving first line ownership.


• Contributes to the assessment, monitoring and reporting on risks inherent to business activities, including operational, reputational, business and strategic risks.


• Contributes to risk oversight of new and modified Products and other business initiatives. Advises on effective risk mitigation strategies and ensure implementation.


• Support the establishment of the Business Risk Appetite, and contribute to its development, including metrics to monitor adherence.


• Supports the business line's adherence to the Operational Risk Management Framework, notably; Risk & Control Self Assessments, Limits, Operational Risk Events and Business Process Change risk assessments.


• Contributes to the assessment, monitoring and reporting of financial risks inherent to business activities, in collaboration with Financial Risk Officers. Additionally, has a high level knowledge of credit, market, liquidity and model risk to identify where it arises.


• Assist in driving 1LoD ownership, including articulating the value of managing risk (not just policy compliance), influencing the 1LoD to provide consistent quality output.


• Develop productive relationships with other risk teams and partner functions, such as Risk and Compliance, with opportunities to work on larger, cross-line of business activities. Provide comprehensive updates/escalation and/or reporting to all stakeholders.

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

• Strong familiarity with the Asset Servicing business areas covered by the team (Custody Services, Billing, Client Onboarding, Client Coverage and Sales) - Custody tax knowledge being particularly desirable.


• An understanding of Risk Framework - particularly surrounding Operational, Strategic, and reputational risk.


• Able to develop and establish collaborative working relationships with colleagues in both 1st and 2nd lines of defense to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements.


• Good interpersonal and communication skills, with the ability to interact effectively with both senior leaders and across all levels of the organization.


• Strong analytical skills and ability to learn and assimilate new information quickly.

At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:

• Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion


• Bloomberg's Gender Equality Index (GEI)


• Human Rights Campaign Foundation, 100% score Corporate Equality Index


• Best Places to Work for Disability Inclusion , Disability: IN - 100% score


• 100 Best Workplaces for Innovators, Fast Company


• CDP's Climate Change 'A List'


• Forbes Blockchain 50

Our Benefits:

BNY Mellon 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 that can support you and your family through moments that matter.

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