Vice President, Operational Risk Coverage

Join to apply for the Vice President, Operational Risk Coverage role at BNY At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting‐edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. We're seeking a future team member for the role of VP, Operational Risk Coverage to join our Risk Management team. This role is located in Singapore . Responsibilities Responsible for the second line of defense ongoing independent oversight, challenge and advice on day-to-day operational risk management for Platforms/Line of Business (LOB). Oversee and support execution of the Operational Risk Management Framework by the Platform to facilitate the identification, assessment and mitigation of risk arising from people, process, systems and external events. Provide ongoing coaching and advice to the Platform on current and emerging risk related matters. Advise and review the Platform Risk Appetite Statement and associated Risk Appetite Limits in conjunction with other risk stripes. Oversee and monitor the overall Platform Risk and Control Self-Assessment including guidance, challenge and approval for risk acceptance, action closure, manual processes and formally concurring to the RCSA accuracy annually. Partner with the Platform to identify significant risk and control weaknesses through scenario creation, stress/scale testing, process and control design reviews, and other risk deep dives. Provide input, oversight and challenge to the Platform Scenario Analysis. Support the quarterly Risk Identification and High-Level Assessment (HLA) process by participating in pre-HLA meetings, reviewing and challenging HLAs. Review, challenge and approve new and change-related client, jurisdiction, product and process matters such as Business Acceptance Committee, New/Modified Products and Business Process Change. Oversee, challenge and monitor Operational Risk Events (ORE) and Operational Risk Limits (ORL) to identify trends, root causes and ensure appropriate remediation actions to address control gaps and adherence to Risk Appetite. Escalate identified issues; oversee, challenge and monitor issues to identify trends, root cause and verify/approve remediation plans for closure. Provide input and challenge on reporting for Risk, Control and Legal Entity. Leverage Operational Risk reporting and analytics to aid oversight, analysis and management information. Contribute to the achievement of Platform Objectives and Key Results and regulatory deliverables. Mindset / Behaviors Own It – Take responsibility for continuously seeking out and identifying potential risks before they materialize. Thrive Together – Work closely with teams across the organization, fostering open communication about risks. Be Client Obsessed – Ensure that risk decisions consider the impact on clients, prioritizing their safety, trust, and interests. Spark Progress – Regularly review and enhance risk management processes, adapting to new threats and regulatory changes. Stay Curious – Approach risk assessment with curiosity, digging deep to understand root causes and emerging threats. Qualifications Bachelor's degree or equivalent education required. Experience in Operational Risk Management or a similar oversight role required. 7-10 years of total work experience preferred. Solid analytical and problem‐solving skills. Strong interpersonal and teamwork skills. Data analytics skills/experience preferred. At BNY, our culture speaks for itself. Check out the latest BNY news at: BNY Newsroom BNY LinkedIn BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay‐for‐performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. Seniority level Mid‐Senior level Employment type Full‐time Job function Finance and Sales Referrals increase your chances of interviewing at BNY by 2x Get notified about new Vice President of Risk jobs in Singapore, Singapore . We're unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr