Bank of New York Mellon Corporation
Senior Vice President, Audit Project Leader
Bank of New York Mellon Corporation, Indiana, Pennsylvania, us, 15705
Senior Vice President, Audit Project LeaderAt 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 Senior Vice President, Audit Project Leader to join our Internal Audit team. This role is located in Pittsburgh, PA and Lake Mary, FL in a hybrid work environment.About the team:
Internal Audit is the Third Line of Defense within our Bank’s risk and control framework and functions as an independent, objective assurance group. This role is part of the Markets, Credit Services, Marketing and Communications, Market Risk and Global Client Management Audit team, which is responsible for independent coverage of the risk and control framework including the risk undertaken and owned by the First Line of Defense, ensuring effective management, implementation, and adherence to the overall risk management strategy for the Bank.In this role, you’ll make an impact in the following ways:Oversees risk-focused audit activities, in accordance with Internal Audit policies, methodologies, and standards to identify meaningful issues, risks, and other exposures in areas being audited.Collaborating with the Audit Leadership team to determine and prioritize regulatory priorities and business strategies.Working as an “in-charge” on audits and/or regulatory validations related to market risk management, global markets trading, securities finance, liquidity, and segregation and credit services.Functions as a subject matter expert for enterprise market risk management (MRM) related audits and regulatory issue validations.Providing senior leaders with insight and analysis on key aspects of the Market Risk Management (MRM) framework including market risk regulatory capital calculations, related regulatory reporting (FFIEC102), VaR/SVaR back testing, stress testing, market risk limits, covered position recognition, and implementation of forthcoming Fundamental Review of the Trading Book (FRTB) requirements.Familiar with regulatory requirements including 12 CFR 217.204 (Market Risk Capital Rule).Providing Senior Management with recommendations and consultation to improve and reimagine audit processes and practices.Identifies inconsistencies with the control environment, regulatory requirements, and best practices and initiates the development of a structure or solution to address the issue(s).Identifying and providing recommendations on Risk and Controls improvements across the organization.Identifies opportunities for the use of automation and makes recommendations for software support requests.To be successful in this role, we’re seeking the following:Bachelor's degree or equivalent combination of education and work experience required.10-12 years of total work experience preferred.Prior experience in Audit management and/or Knowledge and experience in the following areas preferred:Market Risk Management; including global regulatory requirements.Capital Markets, including:Fixed income & Equities Trading.B/D compliance.Foreign Exchange Trading (Spot, Forwards, Derivative, Options).Derivatives Trading (Interest Rates/Equity).Swap Dealer (CFTC Rule Compliance).Securities Finance.Liquidity/Collateral Segregation services.Lending products, including related Credit Risk.Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking, and problem solving.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.
#J-18808-Ljbffr
Internal Audit is the Third Line of Defense within our Bank’s risk and control framework and functions as an independent, objective assurance group. This role is part of the Markets, Credit Services, Marketing and Communications, Market Risk and Global Client Management Audit team, which is responsible for independent coverage of the risk and control framework including the risk undertaken and owned by the First Line of Defense, ensuring effective management, implementation, and adherence to the overall risk management strategy for the Bank.In this role, you’ll make an impact in the following ways:Oversees risk-focused audit activities, in accordance with Internal Audit policies, methodologies, and standards to identify meaningful issues, risks, and other exposures in areas being audited.Collaborating with the Audit Leadership team to determine and prioritize regulatory priorities and business strategies.Working as an “in-charge” on audits and/or regulatory validations related to market risk management, global markets trading, securities finance, liquidity, and segregation and credit services.Functions as a subject matter expert for enterprise market risk management (MRM) related audits and regulatory issue validations.Providing senior leaders with insight and analysis on key aspects of the Market Risk Management (MRM) framework including market risk regulatory capital calculations, related regulatory reporting (FFIEC102), VaR/SVaR back testing, stress testing, market risk limits, covered position recognition, and implementation of forthcoming Fundamental Review of the Trading Book (FRTB) requirements.Familiar with regulatory requirements including 12 CFR 217.204 (Market Risk Capital Rule).Providing Senior Management with recommendations and consultation to improve and reimagine audit processes and practices.Identifies inconsistencies with the control environment, regulatory requirements, and best practices and initiates the development of a structure or solution to address the issue(s).Identifying and providing recommendations on Risk and Controls improvements across the organization.Identifies opportunities for the use of automation and makes recommendations for software support requests.To be successful in this role, we’re seeking the following:Bachelor's degree or equivalent combination of education and work experience required.10-12 years of total work experience preferred.Prior experience in Audit management and/or Knowledge and experience in the following areas preferred:Market Risk Management; including global regulatory requirements.Capital Markets, including:Fixed income & Equities Trading.B/D compliance.Foreign Exchange Trading (Spot, Forwards, Derivative, Options).Derivatives Trading (Interest Rates/Equity).Swap Dealer (CFTC Rule Compliance).Securities Finance.Liquidity/Collateral Segregation services.Lending products, including related Credit Risk.Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking, and problem solving.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.
#J-18808-Ljbffr