Senior Vice President, Regulatory Risk Management

About the position

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 Senior Vice President to join our Credit Services team. This role is located in New York, NY – HYBRID.

Responsibilities

• Provide strategic leadership and oversight of all regulatory reporting activities for the Credit Services business, ensuring compliance with relevant laws, regulations, and industry standards.
• Develop, implement, and maintain effective controls and processes to ensure accurate and timely submission of SOX-related requests for Audit and regulatory reporting teams.
• Stay current on regulatory requirements and ensure the business is aware of and compliant with all relevant regulations, including but not limited to: Dodd-Frank Act, Basel III, CCAR (Comprehensive Capital Analysis and Review), and DFAST (Dodd-Frank Act Stress Test).
• Identify emerging regulatory risks related to the credit business and provide proactive solutions to mitigate these risks; ensure Credit Services’ regulatory risk management framework is effective and aligned with the bank's strategic objectives.
• Coordinate and liaise with relevant teams regarding regulatory exams and audits, ensuring that Credit Services is prepared and expectations are met.

Requirements

• Bachelor’s degree in Finance, Business, Risk Management, or a related field; advanced degree preferred.
• Minimum of 10 years of experience in regulatory risk management or compliance, with at least 5 years in a leadership role within the banking or financial services industry.
• Strong working knowledge of SOX compliance, FRY reporting, Q 14, 2052b, and other relevant financial regulations.
• In-depth understanding of regulatory frameworks, risk management practices, and banking operations related to credit businesses.

Benefits

• Highly competitive compensation
• Benefits and wellbeing programs
• Access to flexible global resources and tools
• Generous paid leaves, including paid volunteer time