Operational Risk Specialist
BNY MellonJersey cityUpdate time: July 12,2021
Job Description
Who we are: BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March 31, 2020, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Job description: Contributes to the ongoing independent oversight of day-to-day risk management activities, client, product and process change risk assessments and risk reporting for an assigned business line/entity risk facing a moderate level of risk. Assists the assigned business line with the evaluation of their existing processes and activities to address any control gaps. Continues to build familiarity with the assigned business line in order to assess, monitor and report on operational, fiduciary, reputational, business and strategic risks inherent to the assigned business line. Contributes to the assigned business unit's compliance with the Operational Risk Management Framework by assessing risks, monitoring the adequacy and effectiveness of the control environment, monitoring and challenging business activities and promoting business line awareness of the risk management framework. Contributes to the development of reporting on outputs of risk management activities completed. Reporting generally adheres to established CORM policies and procedures. Requests reporting guidance from more senior professionals, as needed. Assists with the assigned business line's appropriate completion of some 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. Works to ensure compliance, risk and control documentation and notification of all appropriate representatives and regulators. Continues to build working relationships with the Risk Management, Compliance and Audit teams and members of the business line team to increase the likelihood of timely completion of risk-related deliverables, issue resolution and implementation of improvements. Escalates issues, as needed. Individual contributor. Contributes to the achievement of team objectives. Modified based upon local regulations/requirements. Qualifications Bachelor s degree or the equivalent combination of education and experience is required. 5-7 years of total work experience preferred BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums. Primary Location: United States-New Jersey-Jersey City Internal Jobcode: 85171 Job: Risk Organization: Risk-HR06016 Requisition Number: 2113121
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