Operational Risk Manager - Investment Management  City, London, United Kingdom,

 

Overview Of BNY Mellon:

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.

Job Purpose:

  • To oversee operational risk management in BNYM Investment Management Businesses.
  • To provide assistance to risk managers in the Investment Management Businesses to help them identify and manage risk, and meet BNYM policy requirements.
  • To provide advice to risk managers in the Investment Management Businesses in regards to BNYM requirements and the use of BNYM systems and data platforms.
  • To develop management information at the regional level and ensure that BNYM Senior Management have a view of risks and control environment across the Investment Management Businesses.
  • To ensure escalation of material risk issues.
  • To lead the established consolidated ICAAP process and help ensure meeting other relevant regulatory requirements by the consolidation group.
  • To facilitate communication between the boutiques' risk management function and BNYM Enterprise Risk Management

Responsibilities:

Reporting into the Into the Investment Management Head of Risk and Compliance EMEA & LatAm, this role will hold responsibility for risk and compliance related issues within the firm.

Key responsibilities:

  • Risk Framework - to assist in maintaining and implementing an effective operational risk management framework in the investment management boutiques which meets BNYM standards and local regulatory requirements;
  • Risk advisory - to provide advice and expertise to the investment management boutiques in respect of existing and new corporate risk policies, methodologies and tools;
  • Apply analytical techniques to produce in-depth analysis of risk and control environment across the Investment Management Businesses;
  • Diagnostic investigations into 'priority' operational risk events and issues across the boutiques;
  • Develop and maintain regional management information;
  • Coordinate the consolidated ICAAP across EMEA firms;

o Facilitate scenario development process for operational risk modelling for ICAAP that is adequate for investment management firms;

o Update consolidated ICAAP documentation to meet the regulatory requirements and support the ICAAP across the investment management boutiques;

o Update consolidated Pillar 3 Disclosure to meet the regulatory requirements;

  • Risk Culture - to assist in developing and promoting risk culture across the investment management boutiques;
  • Act in the role of Records Coordinator for the team.

Key relationships:

  • Internally within the department;
  • Internally with senior management;
  • Internally with staff in Investment Management Businesses;
  • Externally with a variety of third parties as appropriate e.g. regulators, contractors.

Requirements:

  • Solid understanding and demonstrable experience in Operational Risk Management
  • Financial Services/Banking background
  • Investment Management industry experience preferable
  • Strong stakeholder management skills

What we can offer you:

  • Challenging, fun and supportive environment
  • 25 days holiday (in addition to Bank Holidays) plus opportunity to purchase up to 5 extra days
  • Highly competitive benefits package including pension and private medical cover
To apply by email to this position, please send your CV and covering letter to the following link:

Please quote reference number JobG8 -6698-629614719-TITC