Risk Associate

1 month ago


London, Greater London, United Kingdom BNY Full time
Job Summary

BNY is seeking a highly skilled Risk Associate to join our Risk Team in London. As a Risk Associate, you will be 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 defense role and is the central point of oversight of all risks, translating this into a meaningful assessment of the overall business risk profile.

Key Responsibilities
  • 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.

Requirements
  • 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.

Preferred Qualifications
  • 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.

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