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- Tasks: Oversee operational risk for global platforms and provide strategic advice to teams.
- Company: Join BNY, a leading global financial services company with a culture of excellence.
- Benefits: Competitive pay, flexible resources, generous leave, and wellbeing programs.
- Why this job: Make a real impact in risk management while working with cutting-edge AI technologies.
- Qualifications: Experience in financial services, strong analytical skills, and familiarity with risk management frameworks.
- Other info: Dynamic role with opportunities for personal growth and collaboration across teams.
The predicted salary is between 72000 - 108000 £ per year.
Reporting to the Operational Risk Management Senior Director, the Operational Risk Coverage Officer will be part of a global team within the 2nd Line of Defense overseeing five BNY Enterprise Platforms including Client Onboarding, Reconciliations, Revenue and Billing Services, Contact Center, Portal Services and Client Services Hub and Practice. The Operational Risk Coverage Officer will have daily interactions with the Business and Operations teams to provide independent second line of defense review, challenge, oversight, and advice to the first line of defense and ensure that operational risks are properly identified, assessed, and mitigated, also contributing to proactive risk management for new initiatives and strategic priorities.
Responsibilities
- Provide oversight, review, challenge and advice for Enterprise Platform adherence with the Operational Risk Management Framework including Risk & Control Self Assessments, Key Risk Indicators, Operational Risk Events and Business Process Change risk assessments.
- Advice and guidance on how to manage operational risks, including identification of new and emerging risks, use of sufficient and appropriate controls, review and remediation of operational risk events and actions to mitigate control gaps.
- Oversight and proactive engagement with strategic initiatives focusing on risk management solutions that enable safe and sound business growth, making recommendations to reduce implementation risk while ensuring compliance, risk and control documentation and notification of all appropriate representatives and regulators.
- Oversight of 1LOD issue escalation and ownership of 2LOD issue escalation to the Risk and Compliance management team.
- Documentation for 2LOD raised challenges and issues and follow-up on 1LOD actions to address them.
- Development, documentation and discussion of risk views, including thematic reviews and independent assessments.
Education
Preferred secondary/university graduate degree or equivalent combination of education and experience.
Experience
Experience in financial industry, preferably with some experience in Operational Risk (or equivalent Control function), Compliance and/or internal audit, ideally gained at a large bank or financial institution.
Qualifications
- Strong analytical skills with ability to identify risk trends, patterns, and concentrations and collate, and distill relevant information.
- Ability to work independently with high productivity in a fast-paced environment, prioritise competing demands, and proactively manage challenges.
- Strong interpersonal skills to work with stakeholders across the Three Lines of Defense to convey complex issues succinctly.
- Build relationships with 1LOD and 2LOD colleagues to complete risk tasks, resolve issues, and implement improvements promptly.
- Familiarity with Operational Risk Management Framework and associated tools (RCSAs, KRIs, OREs).
- Experience in AI adoption and utilisation is preferred.
Location: Manchester, UK.
Vice President, Operational Risk Coverage in Manchester employer: The Bank of New York Mellon Corporation
Contact Detail:
The Bank of New York Mellon Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vice President, Operational Risk Coverage in Manchester
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at BNY. Building relationships can open doors that a CV just can’t.
✨Ace the Interview
Prepare for your interview by understanding the Operational Risk Management Framework inside out. Be ready to discuss how you can contribute to proactive risk management and share examples from your past experiences that highlight your analytical skills.
✨Showcase Your Skills
When you get the chance, demonstrate your familiarity with tools like RCSAs and KRIs. Bring up any experience you have with AI adoption, as it’s a hot topic right now. This will show you’re not just a fit for the role but also forward-thinking!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the BNY team.
We think you need these skills to ace Vice President, Operational Risk Coverage in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Operational Risk Coverage Officer. Highlight your experience in operational risk, compliance, and any relevant financial industry roles. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about operational risk management and how you can contribute to our team. Be sure to mention specific experiences that relate to the job description.
Showcase Your Analytical Skills: Since strong analytical skills are key for this role, make sure to include examples of how you've identified risk trends or managed operational risks in your previous positions. We love seeing concrete examples!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at The Bank of New York Mellon Corporation
✨Know Your Risk Management Framework
Familiarise yourself with the Operational Risk Management Framework and its components like RCSAs, KRIs, and OREs. Being able to discuss these in detail will show that you understand the core responsibilities of the role and can engage meaningfully with both the first and second lines of defence.
✨Demonstrate Analytical Skills
Prepare examples that showcase your strong analytical skills, particularly in identifying risk trends and patterns. Think of specific situations where you've successfully assessed operational risks and implemented controls, as this will highlight your ability to contribute to proactive risk management.
✨Build Relationships
Emphasise your interpersonal skills during the interview. Be ready to discuss how you've built relationships with stakeholders across different teams. This is crucial for the role, so share experiences where you’ve effectively communicated complex issues and resolved challenges collaboratively.
✨Stay Current on AI Utilisation
Given the emphasis on AI adoption in the job description, brush up on how AI can be leveraged in operational risk management. Be prepared to discuss any relevant experience you have with AI tools or technologies, as this could set you apart from other candidates.
