Senior Vice President, Line of Business Risk

Senior Vice President, Operational Risk Coverage

Location:

New York City, NY

BNY Corporate Trust (CT) is one of the world’s largest providers of trust, custody, and agency services, recognized as a market leader delivering capabilities to issuers, financial institutions, and governments.

• Responsible for the second line of defense, providing ongoing independent oversight, challenge and advice on day‑to‑day operational risk management for Conventional Trust, Structured Debt, Credit Services client platforms, and the Loans Enablement enterprise platform.
• Oversee and support execution of the Operational Risk Management Framework by the Platforms to facilitate identification, assessment, and mitigation of risk arising from people, process, systems, and external events.
• Provide ongoing coaching and advice to the Platforms on current and emerging risk‐related matters.
• In conjunction with other risk stripes, review, advise on and provide 2
  
  LOD approval recommendation for Risk Appetite Limits.
• Independently oversee and monitor the Platforms’ Risk and Control Self‑Assessment (RCSA), including review, guidance, challenge and approval for risk acceptance, action closure, manual processes and ensuring its accuracy annually.
• Partner with the Platforms to identify significant emerging and potential risk and control weaknesses, including process review, control testing review and other risk deep dives.
• Provide input, oversight and challenge to the Scenario Analysis Process.
• Support the quarterly Risk  High‑Level Assessment (HLA) process by participating in pre‑HLA meetings, reviewing and challenging HLAs.
• Review, challenge and approve new and change‑related client, jurisdiction, product and processes such as New/Modified Products and Business Process Change.
• Oversee, challenge and monitor Operational Risk Events (OREs) to identify root causes, ensure appropriate remediation actions for control gaps, and proactively identify themes/trends that require discussion.
• Escalate identified Issues; oversee, challenge and monitor Issues to ensure a proper description, materiality rating and remediation action plans, and monitor the completion of their action plans while identifying trends and themes for discussion.
• Provide input and challenge on reporting for Risk, Control and Legal Entity.
• Leverage Operational Risk reporting and data analytics to proactively identify and address risk concentration and control weaknesses.
• Contribute to the achievement of the Platforms’ strategy, Objectives and Key Results (OKRs), and regulatory deliverables.

• Bachelor’s degree or equivalent education required.
• 10‑15 years of total related work experience preferred.
• Background in operational risk, compliance, or controls management preferred.
• Knowledge of the Conventional Trust, Structured Debt, Loans or Credit Services businesses is preferred.
• Excellent problem‑solving, analytical abilities, project management, oral and written communication skills.
• Strong data analytics and AI prompting skills, Excel, SharePoint and PowerPoint skills preferred. Familiarity with Service Now or similar workflow/task management tools preferred.

Base salary expected to be between $104,000 and $147,000 per year. Additional compensation may include commission earnings, discretionary bonuses, short‑ and long‑term incentive packages, and company‑sponsored benefit programs.

Employment is at‑will, and the Company reserves the right to modify base salary and other compensation at any time.