RIMS Career Center

Overview

Specialist - Third-Party Risk Assurance

The Enterprise Risk Assurance ("ERA") function is part of a growing team within the Enterprise-Wide Risk Management function within the Second Line of Defense. ERA provides assurance over the effectiveness of the Firm's design and implementation of systems and approaches for identifying, managing, monitoring, measuring, and reporting on the core risk and compliance activities governed by the Risk & Compliance function. ERA conducts reviews / continuous testing of the design and operating effectiveness of risk and compliance frameworks to identify value-add solutions that optimize effectiveness and sustainability.

ERA is seeking a person to lead risk assurance reviews over the effectiveness of the Firm's third-party risk framework. This role will work closely with the team manager and team members to deliver the annual review plan in a timely and high-quality manner.

In this role you will:

• Lead and conduct detailed audit-like testing activities to help deliver upon ERA's Third-Party Risk Review Plan. This includes:

• Day-to-day management of a review, incl. developing a project plan, allocating tasks to team members, ensuring ongoing monitoring, coordination with and communication to team members and the manager, escalation to senior management, as needed
• Test execution to evaluate the design and operating effectiveness of key controls and detailed analysis of completeness, accuracy, and quality of risk data
• Identification, documentation and communication of issues to stakeholders, including conducting a root cause and impact analysis and evaluating appropriateness of remediation plans

• Ensure workpaper documentation is comprehensive and complete, and the results are factually correct, including conducting in-flight quality assurance
• Perform issue management activities which may include:

• Validation of evidentiary matter submitted by issue owners to assess if remediation plans were addressed, and reasonable actions were taken to remediate the issue root cause/s
• Issue tracking to manage and monitor issues coming due, past due and any that require further escalation

Required Qualifications:

• Bachelor's degree, preferably in business management or a related discipline.
• 3-5 years of experience is required
• Excellent problem solving and analytical skills
• Ability to work independently, self-directed, and solutions-oriented
• Effective written and verbal communication skills and excellent interpersonal and partnership skills
• Knowledge / experience within banking (capital markets)

The ideal candidate would have a combination of several of the below preferred qualifications:

• MBA, or a Graduate degree in a related field is preferred
• 5-8 years of experience within Risk, Compliance, Internal Audit or External Audit

• Ability to lead project and motivate project members into consistent high performance
• Strong analytical skills with high attention to detail and accuracy
• Ability to test and evaluate large/complex sets of data to draw conclusions, as well as the ability to assess and understand a process end-to-end and be able to identify and test the key controls that exist within (or identify gaps if none exist)
• Superior workpaper documentation skills to ensure that deliverables support the work performed and that the documentation is review-ready for external stakeholders and senior management
• Flexible and adaptable with the ability to coordinate completion of multiple tasks, effectively manage time and work independently
• Excellent communication skills (verbal and written) in interactions with peers, senior stakeholders and senior management
• At least 8 years of Internal / External audit experience, including 1-2 years leading projects
• Intermediate level skills with Microsoft programs (Word, Excel, PowerPoint, Power BI)

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.

EEO Statement:

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.