BNY · 23 hours ago
Director, Risk - Wealth Management
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$127K/yr - $212K/yr
10+ years expBNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. The Director of Risk for Wealth Management will lead risk management activities, ensure compliance with regulatory requirements, and drive a strong risk culture within the organization.
Financial Services
Responsibilities
Leadership and oversight of risk management activities within the Wealth Management business, Bank Custody Solutions business, BNY Mellon, N.A. entity, and associated firm-wide platforms and entities
Ensures risk is managed holistically, aligned with the Bank’s risk appetite, regulatory expectations, and related internal policies
Drives a strong risk culture and partners with businesses/control functions to identify, assess, and mitigate risks in the context of the reward of business activities and opportunities
Oversees the Bank’s risk management framework and its implementation, including the appetite for risk taking and the establishment of appropriate controls
Builds trusted relationships with senior leadership, serving as a strategic and independent partner to evaluate, challenge, and guide business decisions
Collaborates with the business and other key stakeholders to evaluate the risk associated with potential new product offerings, new activities, and other initiatives
Ensures risk management practices comply with regulatory requirements and industry best practices. Engages with regulators to provide essential risk context and a point of contact
Plays a central role in shaping the risk governance model, helping define and clarify roles and responsibilities, the overarching governance structure, and key committees including the senior-most risk management committee
Conducts regular risk reviews in order to provide an independent perspective across both financial and non-financial risks. Identifies emerging risks and advises on risk mitigation strategies
Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information
Qualification
Required
Bachelor's degree in finance, business, risk management, or a related field
10+ years' experience in risk management and/or compliance, preferably with a risk management specialty applied in the oversight of wealth management business activities
Preferred
Advanced degree preferred
Experience in broker-dealer or wealth management firms strongly preferred, especially with exposure to front-office or first-line risk roles in addition to second-line oversight
Demonstrated track record building or transforming risk functions and working with advisory businesses, structured product platforms, or alternative investments is preferred
Demonstrated experience with an OCC-regulated entity preferred
Demonstrated experience in a highly matrixed organization across platforms/businesses and entities
Passion for the application of Artificial Intelligence technology to risk management and wealth management
Benefits
Generous paid leaves, including paid volunteer time
Flexible global resources and tools for your life’s journey
Company
BNY
For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brian A. Ruane
CEO Government Securities Services & Global Client Management
Chris Kearns
CEO, Depositary Receipts
Recent News
PR Newswire
2024-11-01
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