Sorry, this job is no longer accepting applications. See below for more jobs that match what you’re looking for!

Principal IT Risk Analyst

Expired Job

The Bank Of New York Mellon New York , NY 10007

Posted 2 weeks ago

Principal IT Risk Analyst

Identifies, analyzes, monitors and minimizes the most complex areas of risk that pertain to information technology. Leads coordination with disaster recovery and data security teams.

Provides high value input into risk reports on highly complex issues. Presents reports to the business areas and Technology management. Leads high-impact and complex projects that involve working with the businesses to improve controls that would mitigate any deficiencies.

Ensures controls meet regulatory and organization standards. Develops and improves risk systems, methodologies and limits. Uses expertise of Technology and market trends to determine potential risks to the organization.

Recommends and leads any resulting change needed to mitigate risk. Contributes to the achievement of area objectives.

Qualifications Bachelor's degree in computer science or a related discipline, or equivalent work experience required, advanced degree preferred. 10-12 years of related experience required. Experience in the securities or financial services industry is a plus. ISACA certifications preferred.

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets.

BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets.

It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

Client Technology Solutions provides our business partners with client-focused, technology-based solutions. These enhance their ability to be successful through world-class software solutions and leading-edge infrastructure. Client Technology Solutions provides employees with the tools and resources to enhance their professional qualifications and careers.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.

Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-New York-New York

Internal Jobcode: 45185

Job: Risk

Organization: Office of the CIO-HR06033

Requisition Number: 1812384



See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Credit Risk Models Analyst

Barclays Bank

Posted 3 days ago

VIEW JOBS 11/9/2018 12:00:00 AM 2019-02-07T00:00 Job Title Wholesale Credit Model Support Analyst Location 745 Seventh Ave, New York, NY About Us Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns. About Barclays in the US Barclays offers corporate and investment banking and credit card services in the US. Our 10,000 US colleagues are located in offices across the country, with headquarters in New York City. In 2017, Barclays announced plans to create a world-class campus in Whippany, New Jersey, for our Technology, Operations and Functional teams in the US. Other principal locations include Delaware, Nevada, Ohio and Maine. About Risk Barclays Risk teams operate in line with the Enterprise Risk Management Framework (EMRF) to protect Barclays and prevent detriment to its customers, colleagues and other stakeholders. As risk professionals, we have advanced technical skills across a broad range of disciplines. We take the lead in addressing issues including the potential implications of an economic downturn, and in advising Barclays' business leaders to facilitate informed, controlled and measured decision-making. There are five key Board-level committees which review and monitor Risk across Barclays PLC: the Board, Board Risk Committee, Board Reputation Committee, Board Audit Committee and Board Remuneration Committee. This structure is replicated across the trading entities. About Barclays International Risk Barclays International Risk is a global team focused on providing a strong second line of defense for Barclays International businesses, ensuring that BI's risk profile stays in line with its stated risk appetite and that Barclays' financial performance and reputation are protected. Overall Purpose of role * Barclays International Risk is establishing a dedicated team of Model Owners who will be responsible for a portfolio of PD, EAD and LGD models used in the management of Wholesale Credit Risk globally. * The role and that of the wider team is to be responsible for all aspects of model ownership. This includes oversight and accountability for model development, documentation, periodic review and validation, regulatory compliance and approval, implementation and monitoring. * Barclays uses models to support a broad range of activities, including formulating business strategies, informing business decisions, identifying and measuring risks, valuing exposures, conducting stress testing, assessing adequacy of capital, managing client assets, measuring compliance with internal risk limits, maintaining the formal control apparatus of the bank, meeting financial and regulatory reporting and disclosure requirements. * Key usages of these credit models include Regulatory Capital, Stress Testing (CCAR), IFRS9/CECL loss forecasting, Economic Capital and Pricing * The role is essential to the effective management of Wholesale Credit model risk within Barclays International and supports the firm's key business, risk management and regulatory priorities. Your Role * This role will be responsible for end-to-end model lifecycle management of assigned credit risk models used for estimating PD, LGD, EAD etc. * Responsible for ensuring that the model attributes are correct and updated in the global model risk database * Review the periodic model performance metrics generated using statistical techniques and provide commentary for circulating to a wider audience which include senior risk managers and subject matter experts * Respond and remediate the issues raised by independent validation unit (IVU) in a timely manner * Develop model adjustment metrics and overlays when the model performance is below expectations and breach acceptable thresholds. This requires both business acumen and analytical skills * Develop new benchmarking techniques for models in use dependent on model usage and changing economic environment * Coordinate model development meetings by collecting feedback from quantitative model developers, risk managers and subject matter experts in a cohesive manner by asking focused and valued questions. * Ensure that the model complies with all applicable regulatory rules and be updated with changing regulations by liaising with relevant regulatory teams. * Adhere to all model deadlines and ensure that all governance functions are fully informed and be responsible for managing all expectations related to the assigned models. Stakeholder Management and Leadership * This role will be very dynamic in nature requiring regular interactions with stakeholders both within risk as well as other business units. Some of these stakeholders include, Risk Subject Matter Experts, Model Risk Management, Quantative Analytics, Front-office, Finance and Compliance * Strong analytical, communication, teamwork and influencing skills is a must. * Portfolios in scope comprise both new models under development and existing models in production. For new model builds, the role will require skills in project management. The role relies on the support of a number of shared services teams, notably for model development, validation and monitoring. Decision-making and Problem Solving * Review of model development materials for submission to independent validation. * Model documentation to required regulatory standards, at inception and ongoing * Monitoring model use and implementation * Review of model performance, calibration, back testing and data quality * Remediation of model limitations, including proposals for overlays and adjustments * Identification of required regulatory approvals * Periodic attestation of regulatory compliance Risk and Control Objective Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards. Person Specification Personal attributes essential to performing role including competencies, expertise, knowledge, and experience. Basic Qualifications/Skills * Bachelor's degree preferably in a quantitative subject (e.g., mathematics, sciences, finance, engineering, economics or IT). * 2 years of experience in a risk management or similar role at large financial institutions or consultancies. Preferred Qualifications/Skills * Strong teamwork and collaboration skills, with capacity to build and maintain effective working relationships across internal functions in addition to direct reporting line. * Familiarity with key regulatory frameworks, specifically CRR/CRD IV would be an asset. * Effective communication skills across a range of forums, both written and oral, and to senior audiences both internal and external. * Working knowledge of wholesale PD, EAD and LGD modelling approaches and related statistical techniques would be an asset. Risk and Control Objective All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards. Your Application To be considered for this role, click on the apply button now. Barclays Values & Diversity Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager. We are an equal opportunity employer and we are opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law. Barclays Bank New York NY

Principal IT Risk Analyst

Expired Job

The Bank Of New York Mellon