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BNY Mellon
,
London, Greater London
Senior Specialist, Line of Business Risk
Overview
Job Description
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers. Risk and Compliance provide risk and compliance services across all BNY Mellon businesses. Organizationally, Risk and Compliance includes the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Risk managers provide shared support to BNY Mellon for operational risk services for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. This is accomplished through business- and business partner-specific teams of professionals, under centralized global management. Description Description: Overview of the team Reporting to the Senior Group Manager for EMEA Markets & Treasury, you will be part of a global team of risk professionals supporting the Markets, Corporate Treasury and Broker Dealer Services within EMEA. This position will require regular communication and collaboration with the wider risk teams across other legal entities and geographies, as well as with Senior Managers in Service Delivery, Product, Sales & Trading, Control Office, Credit / Market Risk, Corporate Treasury, Compliance, Finance Audit & Legal Job Purpose: What does the role entail * To ensure the Banks Operational Risk Management Framework is complete and applied consistently throughout the EMEA Markets, Corporate Treasury & Broker Dealer Services. * To provide business management and other Bank Groups with independent guidance and challenge on all aspects of Operational Risk and governance. * To ensure material emerging and top risks are identified, discussed and escalated if necessary within the EMEA and Global Governance Frameworks as well as through to the other Senior Risk Managers Responsibilities: Key parts to the job role * Work closely with the line of business management in order to understand their business and what concerns they may have. The primary business groups for this role, will be the Markets businesses, specifically FX and Equity / Fixed Income, & Corporate Treasury * Assess risks, identifying emerging issues, assisting with the development of processes and controls to manage risks, monitoring the adequacy and effectiveness of the control environment, * Monitor and challenge business activities and increase business line awareness of the risk management framework. * Production of routine Operational Risk Reporting for Senior Management and Governance Committees compiling management information, and adding quantitative / qualitative risk analysis * Independently develops reporting on outputs of risk management activities completed, with all reporting adhering to established CORM policies and procedures. * Contribute to the assigned business line's appropriate completion of all steps involved in the identification of possible risks during the creation or modification of new products and processes, and all non-standard business acceptance events * To identify each businesses' risk issues and to be proactive in promoting possible solutions to manage any residual risks. * Identify material operational risks, assess the effectiveness of control design, changes and ensure that any control gaps identified and managed until closed within a timely basis. * Input on development and implementation ...