Principal, Line of Business Risk
BNY MellonManchesterUpdate time: January 22,2020
Job Description
Team Description: (Overview of the team)  

Reporting to the Senior Risk Manager for Asset Servicing in EMEA, and part of a team of risk professionals supporting the Asset Servicing business globally.  This position will require regular communication and collaboration with the wider Risk team across other divisions and geographies, as well as Credit, Market, Information and Enterprise Risk.

Job Purpose: (What the job role involves)
  • To ensure that the Banks' Operational Risk Management Framework is completely and consistently applied throughout the Asset Servicing division in the region.
  • To provide business management and other Bank groups with independent guidance on all aspects of risk management, with input from supporting risk specialists as appropriate..
  • Ensure material emerging and residual risks within Asset Servicing in EMEA are escalated and reported through the governance framework and the risk management reporting line.
Responsibilities: (Key parts to the job role)
  • Work closely with line of business management to understand the business, identify risk issues, and promote solutions to manage risks. Participate in appropriate business/project meetings and processes.
  • Promote a strong risk awareness culture within the EMEA Asset Servicing line of business.
  • Identify material risks, assess the effectiveness of control design, and ensure that control gaps are closed.
  • Support the Asset Servicing business with client visits and due diligence requests.
  • Develop and implement standards and policies appropriate for the business that conform to the principles and policies established by Risk Management.
  • Elevate, report and investigate errors, losses and near misses, identifying the root causes and overseeing the implementation of corrective actions.
  • Assess emerging risks, including those related to new client take-on, new products or significant process / business changes and propose effective solutions impacting on Asset Servicing.
  • Reviewing key indicators for coverage and effectiveness, identifying root causes for red and amber conditions and ensuring implementation of corrective actions.
  • Ensure that processes, risks, and controls are continually reassessed for appropriateness and completeness.
  • Attend business, risk and governance committees relating to EMEA Asset Servicing and as required by the Senior Risk Manager covering the wider business functions and legal entities.
  • Work with the line of business to ensure that all Risk Events are comprehensively captured in the Risk Management Platform, linked to the relevant G/L postings, and closed in a timely manner.
  • Assist the Senior Risk Manager and LOB management in meeting the Basel requirements of the Group or locally licensed banking entities.
  • Production of routine risk reporting for senior management and governance committees compiling management information, and adding quantitative/qualitative risk analysis.
  • Provide reporting to, and respond to requests from Senior Risk Management, as it relates to the oversight of Asset Servicing activities and implementation of the risk management framework for Asset Servicing in the region. 
Relationships:
  • Cross line of business, legal entity, regional and functional within Risk Management
  • Line of business management
  • Internal/External Audit, Compliance, Legal and Product Management


Qualifications

Job Skills and Knowledge:
  • Strong verbal and written communication skills.
  • Excellent problem-solving and analytical abilities.
  • Outstanding interpersonal and communications skills.
  • Good working relationships and ability to work across functional and location boundaries.
  • Sound knowledge of business areas within portfolio.
Values:
  1. Client Focus - demonstrates clear understanding of importance of effective customer service, internally and externally.
  2. Trust - evidences high standards of integrity and openness.
  3. Teamwork - demonstrates ability to work effectively as a member of a team, a collaborative style, and understands the value of diversity.
  4. "Outperformance" - evidences the ability to exceed expectations of others.
  Core Competencies:
  1. Managing Self - Seizes opportunities for continuous learning and self-development and supports the development of others. Provides timely guidance and feedback to help others strengthen specific knowledge/skill areas needed to accomplish a task or solve a problem.
  2. Global Acumen - Developing and incorporating an understanding of the competitive global  business environment as well as an awareness of economic, social  and political trends that impact the organization's global strategy.
  3. Strategic Decision Making - Securing information and identifying key issues relevant to achieving a long-range goal or vision; establishing and committing to a course of action to accomplish a long-range goal or vision.
  4. Developing Strategic Relationships - Using appropriate interpersonal styles and communication methods to influence, collaborate and build effective relationships with business partners (e.g., peers, functional partners, external vendors and alliance partners).
  5. Developing Partnerships - Developing and using collaborative relationships inside and outside the organization to facilitate the accomplishment of work goals.
  6. Change Leadership - Encouraging others to seek opportunities for different and innovative approaches that transform organizational processes and systems.
  7. Client Orientation - Cultivating strategic client relationships and ensuring that the client perspective  is the driving force behind all value-added business activities.
  8. Driving Execution - Translating strategy into operational reality. Breaking down strategic priorities or business initiatives into key tasks and identifying accountabilities. Aligning communication, people, culture, processes, resources and systems to ensure effective implementation and delivery of required results.


BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater Manchester-Manchester
Job: Risk
Internal Jobcode: 85173
Organization: Compliance & Ethics-HR06015
Requisition Number: 1917656

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