Vice President , Operational Risk Coverage

BNY Mellon Capital Markets, LLC; Manchester; On-site; GBP 80,000 - 110,000; Full time

Job summary

A global financial services firm in Manchester is seeking a Vice President, Operational Risk Coverage. The role involves oversight of operational risk management and interacting with business teams. Ideal candidates will have experience in financial operations and strong analytical skills. This position offers competitive compensation and benefits designed to support personal and professional growth.

Benefits

Competitive compensation

Generous paid leaves

Wellbeing programs

Qualifications

• Experience in financial industry, preferably in Operational Risk or Compliance.
• Ability to identify risk trends and collate relevant information.
• Familiarity with risk controls and assessments.

Responsibilities

• Provide oversight and advice on Operational Risk Management Framework adherence.
• Engage with strategic initiatives focusing on risk management solutions.
• Document challenges and issues raised in the second line of defense.

Skills

Strong analytical skills

Interpersonal skills

Ability to work independently

Experience in AI adoption

Education

Preferred secondary/university graduate degree

Tools

Operational Risk Management Framework tools

Job description

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.

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.

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 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.

Equal Employment Opportunity

BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.