Senior Vice President, Control Manager

$215,000 - $221,000/Yr

BNY Mellon - New York, NY

Full-time - Senior

New York, NY

Credit Intermediation and Related Activities

About the position

The Bank of New York Mellon is seeking a Group Manager, Control in New York, NY, to take on a pivotal role in analyzing risk management issues. This position involves identifying, measuring, and making informed decisions regarding operational or enterprise risks that could impact the organization. The successful candidate will be responsible for analyzing various areas of potential risk that could affect the assets, earning capacity, or overall success of the organization. This role is critical in ensuring that the bank maintains its integrity and compliance in a complex financial landscape. In this position, the Group Manager will be tasked with analyzing and monitoring risks associated with the global securities sales and trading business. This includes a comprehensive understanding of listed derivatives such as Futures & Options, OTC Derivatives (including Swaps, Options, and structured products), Equities, FX, Credit, Rates, government and Corporate Bonds, ETFs, Prime Brokerage, Stock Loans, and derivatives clearing. The role requires designing and implementing key metrics for Management Information reporting, which includes the development of key risk indicators (KRIs) and key control indicators. Additionally, the candidate will be responsible for developing a Markets Risk Register and Control Inventory to ensure that all potential risks are adequately tracked and managed. The Group Manager will utilize their subject matter expertise in market structure and electronic trading flow to design supervisory frameworks that align with regulatory requirements and expectations. This includes managing large data sets across Markets trading data to create supervisory tasks and detect potential unauthorized trading activities. The role also involves designing systems to detect potential market abuse, ensuring compliance with global regulatory requirements, and managing the effectiveness of existing trading controls. The successful candidate will implement enhanced market risk control processes across front-to-back trade flows, ensuring that the organization adheres to financial regulations issued by the Federal Reserve, Securities Exchange Commission, FINRA, CFTC, Dodd-Frank, Volcker, and BASEL.

Responsibilities

• Analyze risk management issues by identifying, measuring, and making decisions on operational or enterprise risks.
• Analyze areas of potential risk to the assets, earning capacity, or success of the organization.
• Monitor risk for global securities sales and trading business including listed derivatives, OTC Derivatives, Equities, FX, Credit, Rates, government and Corporate Bonds, ETFs, Prime Brokerage, Stock Loans, and derivatives clearing.
• Design and implement key metrics for Management Information reporting including development of key risk indicators (KRIs) and key control indicators.
• Develop Markets Risk Register and Control Inventory.
• Utilize subject matter expertise in market structure and electronic trading flow to design supervisory frameworks consistent with regulatory requirements.
• Manage large data sets across Markets trading data for creation of supervisory tasks and detection of potential unauthorized trading.
• Design systems to detect potential market abuse which comply with global regulatory requirements.
• Ensure compliance with financial regulations issued by Federal Reserve, Securities Exchange Commission, FINRA, CFTC, Dodd-Frank, Volcker BASEL.
• Manage effectiveness of existing trading controls and implement enhanced market risk control processes on front to back trade flows.

Requirements

• Bachelor's degree or foreign equivalent in Electrical Engineering, Electronic Engineering, Computer Science, Business Administration, Finance, or a related field.
• Ten (10) years of experience in the job offered or in a related occupation.
• Experience analyzing and monitoring risk for global securities sales and trading business including listed derivatives, OTC Derivatives, Equities, FX, Credit, Rates, government and Corporate Bonds, ETFs, Prime Brokerage, Stock Loans, and derivatives clearing.
• Experience designing and implementing key metrics for Management Information reporting including development of key risk indicators (KRIs) and key control indicators.
• Experience developing Markets Risk Register and Control Inventory.
• Subject matter expertise in market structure and electronic trading flow to design supervisory frameworks consistent with regulatory requirements.
• Experience managing large data sets across Markets trading data for creation of supervisory tasks and detection of potential unauthorized trading.
• Experience designing systems to detect potential market abuse which comply with global regulatory requirements.
• Knowledge of compliance with financial regulations issued by Federal Reserve, Securities Exchange Commission, FINRA, CFTC, Dodd-Frank, Volcker BASEL.
• Experience managing effectiveness of existing trading controls and implementing enhanced market risk control processes on front to back trade flows.

Benefits

• Family-friendly employment policies
• Inclusive employment policies
• Employee forums for support and wellbeing