Job Description
Senior Director– Asset Servicing Risk
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 is all about.
We’re seeking a future team member for the role of Senior Director, Asset Servicing Risk to join our BNY Asset Servicing team. This role is located in New York City in a Hybrid work environment.
About The Team
The Asset Servicing (AS) Risk Management team is part of the second line of defense at BNY Mellon and is responsible for providing holistic, independent oversight and challenge to the AS business globally across all risk disciplines. We partner with specialist functions across Risk and Compliance, such as the Technology, Operational, Third Party, Credit and Enterprise Risk functions to manage the full spectrum of risks. The team is aligned to product heads within the business, enabling end-to-end accountability for the risk profile of the product.
In this role, the Risk Manager will provide risk management and oversight of the enterprise and client custody platforms in Asset Servicing. This is a hands-on, commercially focused risk management role working directly with the business on client engagement, strategy, and product development.
In this role, you’ll make an impact in the following ways:
- Providing independent oversight and challenge of the risk environment of the Asset Servicing business
- Acting as a delegate for the AS Chief Risk Officer in decision making forums such as new business acceptance, product governance and strategic risk reviews
- Alongside the AS Chief Risk Officer, driving the strategic agenda and transformation of the ASD Risk team, embedding best practice and developing the global team
- Developing a holistic view of the risk profile of the business, bringing together financial and non-financial risks and proactively driving the management of these risks
- Partnering with colleagues across the risk disciplines to draw together themes, particularly within the Enterprise, Operational, Technology, Third Party and Resiliency Risk functions, and extending to Model Risk, Credit Risk and other financial risks where relevant.
- Collaborating with colleagues across Risk Management to bring together the view of risk for ASD across the front office, Operations and Technology functions
- Collaborating with the 1LOD on new business, product development, strategic change, M&A activity and digitization initiatives
- Leading for ASD Risk Management on strategic initiatives, including executive engagement and reporting, representation on steering committees
- Driving a culture of intelligent risk taking and risk ownership in the first line
- Supporting the AS Chief Risk Officer in regulator engagement globally
To be successful in this role, we’re seeking the following:
- Bachelor s degree or the equivalent combination of education and experience is required.
- 15+ years of total work experience, with 5-7 years of management experience, preferred.
- 10+ years’ experience in risk-management based roles in complex, enterprise environments.
- Considerable risk management experience in financial services; with custody / securities servicing experience preferred.
- Track record of building relationships and strong partnerships with key partners, especially client-facing teams and executive management
- Excellent communicator, with experience of executive and board-level communications
- Non-financial or enterprise risk management experience essential; credit or other financial risk management experience an advantage.
- Experience of understanding complex contractual arrangements and the legal risk impacts is desirable.
- Ability to manage risk across front office, operations and technology functions is essential
- Experience of managing risk within a complex global regulatory environment, and direct regulator engagement desirable
- Experience of leading global teams a plus
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 assesses market data to ensure a competitive compensation package for our employees. The base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM 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.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $136,500 and $350,000 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.
