Vice President, Operational Risk Coverage

BNY Mellon; Manchester; On-site; GBP 90,000 - 130,000; Full time

Job summary

A global financial services company in Manchester seeks a Vice President, Operational Risk Coverage. This role involves managing operational risks across multiple platforms, advising on compliance, and engaging with strategic initiatives. Candidates should possess strong analytical skills, relevant experience in the financial industry, and familiarity with operational risk tools, along with a graduate degree or equivalent. Competitive compensation and benefits are offered.

Benefits

Competitive compensation

Flexible global resources

Generous paid leaves

Qualifications

• Experience in financial industry with Operational Risk or compliance is preferred.
• Ability to work independently in a fast-paced environment.
• Experience in large banking or financial institutions is ideal.

Responsibilities

• Provide oversight and advice for adherence to Operational Risk Management Framework.
• Review and challenge new and emerging operational risks.
• Engage with strategic initiatives focusing on risk management solutions.

Skills

Analytical skills

Interpersonal skills

Operational Risk Management familiarity

Experience in AI adoption

Education

Secondary/university graduate degree or equivalent

Tools

Operational Risk tools (RCSAs, KRIs, OREs)

Job description

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.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Vice President, Operational Risk Coverage to join our team. This role will be located in Manchester, UK.

About the team

Reporting to the Operational Risk Management Senior Director, the Operational Risk Coverage Officer will be part of a global team within the 2nd Line of Defense overseeing five BNY Enterprise Platforms including Client Onboarding, Reconciliations, Revenue and Billing Services, Contact Center, Portal Services and Client Services Hub and Practice.

The Operational Risk Coverage Officer will have daily interactions with the Business and Operations teams to provide independent second line of defense review, challenge, oversight, and advice to the first line of defense and ensure that operational risks are properly identified, assessed, and mitigated, also contributing to proactive risk management for new initiatives and strategic priorities.

Responsibilities

• Provide oversight, review, challenge and advice for Enterprise Platform adherence with the Operational Risk Management Framework including Risk & Control Self Assessments, Key Risk Indicators, Operational Risk Events and Business Process Change risk assessments.
• Advice and guidance on how to manage operational risks, including identification of new and emerging risks, use of sufficient and appropriate controls, review and remediation of operational risk events and actions to mitigate control gaps.
• Oversight and proactive engagement with strategic initiatives focusing on risk management solutions that enable safe and sound business growth, making recommendations to reduce implementation risk while ensuring compliance, risk and control documentation and notification of all appropriate representatives and regulators.
• Oversight of 1LOD issue escalation and ownership of 2LOD issue escalation to the Risk and Compliance management team.
• Documentation for 2LOD raised challenges and issues and follow-up on 1LOD actions to address them.
• Development, documentation and discussion of risk views, including thematic reviews and independent assessments.

Qualifications

• Education: Preferred secondary/university graduate degree or equivalent combination of education and experience.
• Experience: Experience in financial industry, preferably with some experience in Operational Risk (or equivalent Control function), Compliance and/or internal audit, ideally gained at a large bank or financial institution.
• Strong analytical skills with ability to identify risk trends, patterns, and concentrations and collate, and distill relevant information.
• Ability to work independently with high productivity in a fast‑paced environment, prioritize competing demands, and proactively manage challenges.
• Strong interpersonal skills to work with stakeholders across the Three Lines of Defense to convey complex issues succinctly. Build relationships with 1LOD and 2LOD colleagues to complete risk tasks, resolve issues, and implement improvements promptly.
• Familiarity with Operational Risk Management Framework and associated tools (RCSAs, KRIs, OREs).
• Experience in AI adoption and utilization is preferred.

Awards

• America’s Most Innovative Companies, Fortune, 2025
• World’s Most Admired Companies, Fortune 2025
• “Most Just Companies”, Just Capital and CNBC, 2025

Benefits

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.