DIRECTOR, REGULATORY RISK MANAGEMENT

BNY; New York (NY); Hybrid; USD 127,000 - 230,000; Full time

Job summary

BNY seeks a Director of Regulatory Risk Management to lead regulatory reporting and compliance efforts. This position involves strategic oversight, ensuring alignment with regulations such as Dodd-Frank and Basel III. The Director will play a crucial role in mitigating emerging risks and maintaining compliance within the Credit Services business, offering competitive pay in a hybrid work environment.

Benefits

Highly competitive compensation

Generous paid leave

Wellbeing programs

Flexible global resources

Qualifications

• Minimum of 12 years in regulatory risk management or compliance.
• At least 5 years in a leadership role within banking or financial services.
• Strong knowledge of SOX compliance and relevant financial regulations.

Responsibilities

• Provide strategic leadership for regulatory reporting and compliance.
• Develop effective controls for timely submission to audit teams.
• Identify emerging regulatory risks and provide mitigation solutions.

Skills

Regulatory risk management

Compliance knowledge

Leadership

Risk management practices

Education

Bachelor's degree in Finance or related field

Advanced degree preferred

Job description

Join to apply for the Director, Regulatory Risk Management role at BNY

Join to apply for the Director, Regulatory Risk Management role at BNY

Job Description

Director, Regulatory Risk Management

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the worlds financial system we touch nearly 20% of the worlds 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 is all about.

Were seeking a future team member for the role of Director to join our Credit Services team. This role is located in New York, NY HYBRID.

In this role, youll make an impact in the following ways :

• 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.

To be successful in this role, were seeking the following :

• Bachelors degree in Finance, Business, Risk Management, or a related field; advanced degree preferred.
• Minimum of 12 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.

At BNY, our culture speaks for itself. Heres a few of our awards :

• Americas Most Innovative Companies, Fortune, 2024
• Worlds 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
• Bloombergs Gender Equality Index (GEI), 2023

Our Benefits And Rewards

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 lifes 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.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $127,000 and $230,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department / team performance, and market factors.

Seniority level

Seniority level

Director

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

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