Vice President, Business Risk and Controls

Vice President, Business Risk and Controls

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Vice President, Business Risk and Controls to join our Credit Services team. This role is located in New York, NY - HYBRID.

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

• Risk and Control Framework Management (1LOD) - develop, implement, and monitor the Non-Financial Risk (NFR) framework, aligning with regulatory requirements and internal policies. Conduct regular risk assessments to identify potential control gaps and areas for improvement. Collaborate with process owners to identify, escalate, and report risks, ensuring effective mitigation strategies are in place. Perform control testing to assess the design and operational effectiveness of controls, providing recommendations for enhancements.
• Risk Identification and Mitigation - proactively identify emerging risks within business operations and develop strategies to mitigate potential impacts. Lead initiatives to remediate control gaps, enhance process efficiencies, and implement automation where feasible.
• Compliance Testing - collaborate with internal compliance teams on reviews and ensure that findings are addressed in a timely fashion, by implementing corrective actions as necessary. Ensure compliance with all relevant regulations and policies applicable to the business.
• Training and Development - lead training initiatives to enhance understanding of various risk management and control processes. Promote a culture of compliance and continuous improvement within the organization.

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

• Bachelor's degree in Finance, Business, Risk Management, or in a related field.
• Minimum of 6 years of experience in risk management, with at least 3 years in a role within the banking or financial services industry.
• Strong understanding of First Line of Defense responsibilities, control frameworks, and regulatory requirements (AML/BSA/KYC/Credit & Commercial Lending etc.).
• Experience in conducting risk assessments, control testing, and implementing remediation plans.

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

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.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $68,000 and $125,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.