Managing Director, Control

at  BNY Mellon

Overview
At 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 Managing Director, Control Manager to join our Corporate Trust team. This role is located in New York City, NY – Hybrid.

EMPLOYER DESCRIPTION:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world’s financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It’s the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

IN THIS ROLE, YOU WILL MAKE AN IMPACT IN THE FOLLOWING WAYS:

Ownership of the first line risk framework supporting platforms and the business.
Leads all control, resiliency and regulatory oversight activities across functions, directs the allocation and management of resources, as necessary. Acts a senior point of contact for all activities.
Partner with Product Owners, Operations, Engineering and second line to provide oversight and governance of risk initiatives and risk framework.
Lead risk and control meetings and forums for senior leadership participation and serves as the face of the centralized Control and act as the senior partner to the 2nd and 3rd line teams.
Lead resiliency efforts as issues arise and forums for senior leadership participation and serves as the face of the centralized Control and act as the senior partner to other teams
Oversee business regulatory oversight for adherence to sanctions, credit, and regulatory reporting requirements.
Lead regulatory reform oversight function and reporting to meet global and local regulatory requirements and ensure we meet the needs and deadlines set.
Establish standards, implement framework and drive continuous improvement for business line product governance, product catalogue management, and booking principles implementation
Through subordinate managers, oversees multiple teams responsible for complex responsibilities in identifying, analyzing, monitoring and minimizing business risks.
Oversees the development and implementation of control standards in various global locations based on local regulatory requirements.
Establishes policies and procedures for the deployment of control and resiliency activities throughout the businesses. Selects/approves the testing protocols required to ensure policies, procedures, and controls are adequate and effectively implemented to curb risks.
Establishes control benchmarks and to manage the service and control environment
Leverage key metrics as reported throughout the function (risks, errors/near misses, reconciliations, root cause analyses, incident events, lesson learnt review) to develop operating plans and support functional strategy.
Monitors results and actions on key risks, errors/near misses, reconciliations and root cause analyses as reported by subordinate managers. Analyzes and determines appropriate level management intervention.
Establishes policies and procedures for the deployment of control and resiliency activities throughout the businesses.
Develops the testing protocols required to ensure policies, procedures, and controls are adequate and effectively implemented to curb risks.
Directs and oversees teams that are responsible for control testing and reporting on control standards. Architects training on policies and procedures concerning controls and risk management.
Works with global operations control office and operational groups to ensure consistent reporting structures are in place in order to coordinate the escalation of issues up to management if required.
Projects have a strategic focus and involves collaboration with functional leadership.
Uses in-depth knowledge of market trends to determine potential risks to the organization. Manages analysis and draws conclusions in order to recommend and direct any resulting change needed to mitigate risk.
Support the identification of process automation to feed to the platforms as reviews and issues are undertaken.
Recruits, directs, motivates and develops staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team; while directly managing more senior managers and ensures their focus on functional objectives. May have matrixed management responsibility and oversee geographically dispersed teams, adding to the complexity of duties.
Responsible for the achievement of goals and objectives. Provides guidance to senior risk managers. Completion of tasks affects achievement of functional objectives.

TO BE SUCCESSFUL IN THIS ROLE, WE’RE SEEKING THE FOLLOWING:

15+ years of total work experience with 5-7 years of management experience preferred in financial services, Corporate Trust experience a plus
Leadership in large scale control and transformation programs
Demonstrated ability to work and influence across client facing and operations teams
Clear and concise communication skills to present to clients and internal senior management
At BNY, our culture speaks for itself. Here’s a few of our awards:
America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024 ·
Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023