Director Operational Risk Jobs in Valley Stream, NY

We're seeking a future team member for the role of Senior Vice President, Operational Risk Coverage to join our Risk & Compliance team. This role is located in New York City, NY.

About the team:

BNY Corporate Trust (CT) is one of the world's largest providers of trust, custody, and agency services, leveraging a strong global brand and client franchise. CT is recognized as a market leader and trusted partner, delivering a broad range of capabilities to US domestic and international issuers, including Financial Institutions, Corporates, Insurers, Governments and Municipalities. CT is an intermediary between debt issuers, investors, and market infrastructure providers, covering a wide array of debt securities: Corporates, Specialty Debt, Asset-Backed Securities, CLOs, Loans, Mortgages and Structured Credit, as well as Municipal, Government Agency, and International Sovereign debt.  This role will be based and supervised out of New York, directly covering the Corporate Trust business with a specific focus on Conventional Trust, Structured Debt, Loans Enablement Platforms, plus operational risk coverage for the Credit Services platform.

As an Operational Risk Coverage officer, this role will have daily interactions with the Platforms, COO, Control, Engineering, and Operations managers. Direct, face-to-face interactions are critical to ensure that we can provide appropriate independent second line of defense review, challenge, oversight, and advice to the first line of defense. This role ensures that operational risks are properly identified, assessed, and mitigated, thus enabling proactive risk management aligned with on-going investment management activities and strategic priorities and plans.

In this role, you'll make an impact in the following ways: 

• Responsible for the second line of defense on-going independent oversight, challenge and advice on day-to-day operational risk management for Conventional Trust, Structured Debt, and Credit Services client platforms, as well as the Loans Enablement enterprise platform.
• Oversee and support execution of the Operational Risk Management Framework by the Platforms to facilitate the 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 2LOD 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 concurring to the RCSA accuracy annually, ensuring that it continuously reflects the Platforms' operational risks and control environment. 
• 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 ID and 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 to address control gaps and proactively identify themes/trends that require discussion.
• Escalate identified Issues; oversee, challenge and monitor Issues to ensure that they have a proper description, materiality rating and remediation action plans, as well as to monitor the completion of their action plans and to identify trends and themes that require 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.

To be successful in this role, we're seeking the following: 

• 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 communications skills. 
• Strong data analytics and AI prompting skills, Excel, SharePoint and PowerPoint skills preferred. Familiarity with ServiceNow or similar workflow / task management tools preferred.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $104,000 and $147,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY 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.

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn

 Here's a few of our recent awards:

• America's Most Innovative Companies, Fortune, 2025
• World's Most Admired Companies, Fortune 2025
• "Most Just Companies", Just Capital and CNBC, 2025

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 is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. 

Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.