1+ months

Head of Investment Management Risk

BNY Mellon
New York, NY 10007

TheHead of Investment Risk is a key strategic position to provide oversight over thefirm's identification and management of Investment Risk. The Head of InvestmentRisk reports to the Chief Risk Officer and will be responsible for the ongoing independent oversightand challenge of day-to-day risk management activities for BNY MellonInvestment Management. This global rolewill oversee amatrix team of risk professionals within the investment firms and wealthmanagement business. This person will also directly manage a team that willconduct independent analysis of the proprietary and fiduciary investment riskin these businesses.


BNY Mellon Investment Management isone of the worlds largest asset and wealth managers, managing over $1.8trillion of assets for its clients. As the global investment management arm ofBNY Mellon, one of the worlds major financial services groups, BNY MellonInvestment Management prides itself on its unshakable commitment to financialstewardship, investing responsibly on behalf of our clients for collective prosperity.


BNY Mellon Investment Managementsclient-driven model is built on a combination of expertise and capabilitiesfrom our investment firms and wealth management business. The firms eightinvestment firms offer a diverse range of strategies in multi-asset,alternatives, liability-driven investment, active equity, active fixed income,passive and cash. The Investment Management Firms include: Alcentra, ARX,Dreyfus, Insight, Mellon, Newton, Siguler Guff, and Walter Scott.


Responsibilities:
  • Overseeand challenge the independent investment risk framework and processes adoptedby the independent investment risk functions within each investment firm
  • Leads the corporate levelassessment, monitoring and reporting on investment and other risks inherent tobusiness activities including fiduciary, reputational, business and strategicrisks

  • Effectivelyengages with other leaders at BNY Mellon including Investment Managementbusiness leaders, Investment Risk staff, as well as with other Risk andCompliance disciplines, ensuring appropriate oversight while providing properbalance to support line of business objectives, governance and regulatoryexpectations
  • Serveson Risk Management Committees and may advise or serve on other committees asneeded; facilitates and encourages informed and constructive debate on keyissues
  • Serves as check and challenge forprocesses implemented by Investment Management

  • Provides challenge over theInvestment Management Risk Appetite Statements,in alignment with the Company RiskAppetite Statement, and application of and adherence to the risk frameworkpolicies, processes, measures and limits

  • Establishes protocols for assessingchanges within Investment 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 escalates issues tothe Risk, Compliance and business line or legal entity management teams, asneeded

  • Leads,recruits, directs, motivates and develops the team, maximizing individualcontribution, professional growth and ability to function effectively withcolleagues as a team and/or lead

  • Maintainfamiliarity with current and emerging regulation of Investment Risk and withregulatory expectations and obligations of the Investment Risk function

Qualifications

Skills/Qualifications:
  • 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 asset management and wealth management risk
  • Abilityto interact and influence executives at the highest levels in the organization
  • Abilityto analyze complex information, determine appropriate actions, and be resoluteabout actions if challenged
  • Provenexperience building and maintaining strong relationships with regulators
  • Exceptionalcollaborator and leader through influence; strong track record executing changewithin a global matrixed business structure and reporting environment
  • Provenexperience making decisions, leading consensus-building, negotiating, andexecuting enterprise-wide risk programs; demonstrated ability to effectivelydrive accountability and results
  • Provenleadership and management capabilities with success motivating staff to performat 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: 1915109
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Categories

Posted: 2020-05-29 Expires: 2020-07-29

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Head of Investment Management Risk

BNY Mellon
New York, NY 10007

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