Vice President, Operational Risk Coverage

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.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

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**.

In this role, you’ll make an impact in the following ways:

- 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.
- Partner with the 1LoD to dive the development, implementation, and monitoring of robust controls and mitigation strategies to minimize risk exposure.
- Act with integrity and accountability, always aiming to do what's right for the organization and its stakeholders.

Thrive Together
- Work closely with teams across the organization (have a seat at the table - early), sharing insights and fostering open communication about risks.
- Encourage a culture where everyone feels empowered to report and discuss risks, supporting collective vigilance.

Be Client Obsessed
- Ensure that risk decisions consider the impact on clients, prioritizing their safety, trust, and interests.
- Clearly communicate risk-related matters, building confidence and trust.
- Promote intelligent, controlled and balanced risk-taking to support client needs.

Spark Progress
- Regularly review and enhance risk management processes, adapting to new threats and regulatory changes.
- Make informed risk decisions that balance organizational growth and protection, enabling progress without unnecessary risk exposure.

Stay Curious
- Approach risk assessment with curiosity, digging deep to understand root causes and emerging threats.
- Stay updated on industry trends and regulatory developments, to anticipate and address new risks.

To be successful in this role, we’re seeking the following:

- 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.

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