Senior Specialist, Line of Business Risk

BNY Mellon
Manchester, United Kingdom
01 Dec 2022
14 Dec 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Overview Of BNY Mellon:
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on . Follow us on Twitter @BNYMellon or visit our newsroom at for the latest company news.

Job Description:
Reporting to team lead of Fund Accounting Operational Risk Management, the Operational Risk Officer (ORO) will be part of a global team within the 2nd line of defence providing Op Risk coverage with a specialization in the review of Operational Risk Events and other key elements of the Operational Risk Framework.

  • Work closely with the 1LOD in execution of key elements of the operational risk framework, including Risk & Control Self Assessments, Key Risk Indicators, Operational Risk Events and Business Process Change risk assessments.
  • Significant focus on the review of ORES - will support the 1LOD in the identification and review of OREs, including completion of root cause analysis, follow on action plans and collection of required source documentation.
  • Will lead training of ORE review fundamentals to 1LOD and 2LOD staff members
  • Responsible for identification of material risks, assess the effectiveness of control design and ensure that control gaps are closed.
  • Will also support Fund Accounting Operational Risk team in key program enhancement initiatives including manual process remediation and integration of manual processes into the Operational Risk framework.
  • Responsible for appropriately escalating and framing risk issues to the Risk and Compliance management team.
  • Ensures that all challenge and issues raised are suitably evidenced and recorded.
Competencies & Experience
  • Strong understanding of BNY Mellon products and operations
  • Able to develop and establish collaborative working relationships with colleagues in both lines of defense to ensure a timely and complete Operational Risk framework execution.
  • Strong interpersonal and communication skills, with the ability to interact effectively with senior leaders across 1LOD RMs, Operations Control, Operations and Risk Management.
  • Strong analytical skills and ability to learn and assimilate new information quickly.
  • 5-10 years of total work experience preferred.
  • An understanding of the Operational Risk Framework and its associated risk tools
  • Bachelor's degree or the equivalent combination of education and experience is required.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support well-being and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:
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