1+ months

Director of Investment Risk (Wealth Management)

BNY Mellon
New York, NY 10007

TheDirector of Investment Risk is a key strategic position to provide oversight over BNYMellons identification and management of investment risk for BNY Mellon WealthManagement. The Director of Investment Risk willbe responsible for the ongoing independent oversight and challenge ofday-to-day investment risk management processes. Thisperson will lead independent analysis of the fiduciary investment risk management processes.

BNY Mellon Wealth Management is one ofthe leading wealth managers in the US, with $238 billion in client assets. Weoffer a wide range of wealth management services including investmentmanagement, wealth and estate planning, private banking, and investment servicingand information management. We are focused on helping families build, manageand sustain their wealth across generations and market cycles. Throughworld-class investment, wealth planning, and banking advice, we offer clients alevel of access and expertise that few can match, coupled with a unique servicemodel focused on key practices that build and maintain long-term wealth.


  • Oversee and challenge WealthManagement independent investment risk framework and processes
  • Serve as trusted advisor to WealthManagement business leaders with focus on value-add risk management to thebusiness

  • Effectively engage with otherleaders at BNY Mellon including Wealth Management business leaders, InvestmentRisk staff, as well as with other Risk and Compliance disciplines, ensuring appropriateoversight while providing proper balance to support line of businessobjectives, governance, and regulatory expectations

  • Serve on Risk Management Committeesand may advise or serve on other committees as needed; facilitates andencourages informed and constructive debate on key issues

  • Serve as check and challenge forprocesses implemented by Investment Management

  • Establish protocols for assessingchanges within Wealth Management that have material impacts to BNY Mellonsrisk profile, appropriate levels of approval for the change and how riskassociated with the change will be measured

  • Appropriately escalate issues to theRisk, Compliance and business line or legal entity management teams, as needed

  • Lead, recruit, direct, motivate anddevelop the team, maximizing individual contribution, professional growth andability to function effectively

  • Maintain familiarity with currentand emerging regulations regarding investments within Wealth Management


  • Bachelors degree required
  • Masters degree (including but not limited to MBA) preferred

  • 20+ years of total work experience with at least 10 years in management preferred

  • Experience in Wealth Management risk and investment risk

  • Ability to interact and influence executives at the highest levels in the organization

  • Ability to analyze complex information, determine appropriate actions, and be resolute about actions if challenged

  • Proven experience building and maintaining strong relationships with regulators

  • Exceptional collaborator and leader through influence; strong track record executing change within a global matrixed business structure and reporting environment

  • Proven experience making decisions, leading consensus-building, negotiating, and executing enterprise-wide risk programs; demonstrated ability to effectively drive accountability and results

  • Proven leadership and management capabilities with success motivating staff to perform at a consistently high bar in a matrixed environment

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 wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Primary Location: United States-New York-New York
Internal Jobcode: 85177
Job: Risk
Organization: Risk-HR06016
Requisition Number: 2008065


Posted: 2020-09-25 Expires: 2020-11-25

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Director of Investment Risk (Wealth Management)

BNY Mellon
New York, NY 10007

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