BNY
Associate, Line of Business Risk
Job Location
London, United Kingdom
Job Description
Job Description
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 Associate, Line of Business Risk to join our Risk Team. This role is based in London - hybrid.
This role is responsible for the ongoing independent oversight and challenge of risk management activities within BNY Investments with a focus on UK Investment Firms. This is a second line of defence role and is the central point of oversight of all risks, translating this into a meaningful assessment of the overall business risk profile. Central to this role will be an ability to connect elements of the risk profile, and articulate these in a way that influences the business to own appropriate action to identify, assess, monitor and mitigate risk.
In this role, you'll make an impact in the following ways:
Contributes to the assessment, monitoring and reporting on risks inherent to business activities, including operational, reputational, business and strategic risks.
Supports the business line's adherence to the Operational Risk Management Framework, notably; Risk & Control Self Assessments, Limits, Operational Risk Events and Business Process Change risk assessments.
Develop productive relationships with other risk teams and partner functions, such as Risk and Compliance, with opportunities to work on larger, cross-line of business activities. Provide comprehensive updates/escalation and/or reporting to all stakeholders.
To be successful in this role, we're seeking the following:
Able to develop and establish collaborative working relationships with colleagues in both 1st and 2nd lines of defense to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements.
Good interpersonal and communication skills, with the ability to interact effectively with both senior leaders and across all levels of the organization.
Strong analytical skills and ability to learn and assimilate new information quickly.
To be successful in this role, we're seeking the following:
Financial industry experience including Compliance & Risk experience
Asset Management experience is beneficial
Compliance testing, control testing and/or internal audit experience with a solid understanding of the key steps of testing review/audit processes preferably at a large bank, financial institution, public accounting firm or regulatory body
Sound knowledge, understanding and awareness of UK laws, rules and regulations
Ability to work independently under tight deadlines and competing priorities and being proactive in terms of planning and execution of reviews, raising and escalating challenges or concerns to team leaders and managers in a timely manner
Ability to work with stakeholders across the Three Lines of Defense.
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.
Location: London, GB
Posted Date: 9/20/2024
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 Associate, Line of Business Risk to join our Risk Team. This role is based in London - hybrid.
This role is responsible for the ongoing independent oversight and challenge of risk management activities within BNY Investments with a focus on UK Investment Firms. This is a second line of defence role and is the central point of oversight of all risks, translating this into a meaningful assessment of the overall business risk profile. Central to this role will be an ability to connect elements of the risk profile, and articulate these in a way that influences the business to own appropriate action to identify, assess, monitor and mitigate risk.
In this role, you'll make an impact in the following ways:
- Support engagement with the Line of Business and Operations, building relationships and driving first line ownership.
Contributes to the assessment, monitoring and reporting on risks inherent to business activities, including operational, reputational, business and strategic risks.
Supports the business line's adherence to the Operational Risk Management Framework, notably; Risk & Control Self Assessments, Limits, Operational Risk Events and Business Process Change risk assessments.
Develop productive relationships with other risk teams and partner functions, such as Risk and Compliance, with opportunities to work on larger, cross-line of business activities. Provide comprehensive updates/escalation and/or reporting to all stakeholders.
To be successful in this role, we're seeking the following:
- An understanding of Risk Framework - particularly surrounding Operational, Strategic, and reputational risk.
Able to develop and establish collaborative working relationships with colleagues in both 1st and 2nd lines of defense to ensure timely completion of risk-related deliverables, issue resolution and implementation of improvements.
Good interpersonal and communication skills, with the ability to interact effectively with both senior leaders and across all levels of the organization.
Strong analytical skills and ability to learn and assimilate new information quickly.
To be successful in this role, we're seeking the following:
- Preferred secondary/university graduate in business, compliance, finance, accounting, or related discipline or equivalent combination of education and experience. Relevant industry qualifications are an advantage
Financial industry experience including Compliance & Risk experience
Asset Management experience is beneficial
Compliance testing, control testing and/or internal audit experience with a solid understanding of the key steps of testing review/audit processes preferably at a large bank, financial institution, public accounting firm or regulatory body
Sound knowledge, understanding and awareness of UK laws, rules and regulations
Ability to work independently under tight deadlines and competing priorities and being proactive in terms of planning and execution of reviews, raising and escalating challenges or concerns to team leaders and managers in a timely manner
Ability to work with stakeholders across the Three Lines of Defense.
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.
Location: London, GB
Posted Date: 9/20/2024
Contact Information
| Contact | Human Resources BNY |
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