Senior Director, Head Of Markets And Execution Services, Market Risk, And Credit Risk Audit

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

The Senior Audit Director is a senior level management position that is responsible for coordination and oversight of audit activities related to Markets and Execution Services, Market Risk and Credit Risk Management.

Reporting to the Chief Deputy Auditor, the Senior Audit Director is responsible for providing strategic direction, leadership, and coordination of the cyclical risk-based audit plan, provide oversight and continuous monitoring of audit activities, and deliver updates to operating committees, senior management, and key stakeholders.

The individual in this role will have a strong knowledge of audit, risk management, risk and control frameworks, and regulatory expectations at large financial institutions.

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

• Plan and execute audits of Markets and Executions Services, Market and Credit Risk Management including risk identification, assessment, monitoring, and reporting processes.

• Performs risk-focused fieldwork, in accordance with Internal Audit policies, methodologies, and standards to identify meaningful issues, risks and other exposures in the area of the company being audited.

• Evaluate the effectiveness of risk governance structures, policies, and procedures in mitigating key risks and achieving organizational objectives.

• Develops and maintains senior management and regulatory relationships.

• Collaborate with cross-functional teams, including risk management, compliance, finance, and internal audit, to address audit findings and implement corrective actions.

• Stay abreast of industry developments, regulatory changes, and emerging risks, providing insights and recommendations to senior management and audit committees.

• Participates in the development and enhancement of audit methodologies and tools to improve the efficiency and effectiveness of audit processes.

• Serves as expert resource, leading others in creating and maintaining accurate and clear work documents, completing tasks on time, on budget, and accurately, and quickly learning new businesses, processes, and regulations.

• Draws on extensive experience and/or specialist skills (e.g., trading operations front-to-back, market risk, credit risk) to plan and deliver audits.

• Applies advanced analytical problem-solving skills and leads others in solving complex issues and identifying innovative solutions.

To be successful in this role, we're seeking the following:

Required Qualifications:

• Bachelor's degree or equivalent combination of education and work experience required. MBA or advanced degree in accounting, finance, or risk management preferred. MBA, CPA/CIA, CFA, FRM or related certifications preferred. 

• 10+ years of total work experience, with 5-7 years of management experience, preferred.

• Prior experience in a mid to high level managerial role in Audit preferred. Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving.

Desired Qualifications:

• Deep understanding of specialized audit/risk group(s) (i.e., Credit Risk, Market Risk, Markets Trading & Execution Services).

• Experience working with and providing reporting and updates to senior-level management and Board committees.

• Extensive experience communicating with regulators and other oversight bodies.

• Robust people leadership experience, leading and motivating teams of scale while collaborating in a matrixed organization.

• Demonstrated ability to solve problems, prioritize decisions, and successfully manage multiple projects in a high-pressure environment.

• Demonstrated ability to embrace innovation and manage change.

• Strong communicator, able to build consensus and drive results through collaboration, influence, and persuasion.

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024
• World's 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
• Bloomberg's 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 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 assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between 136,500 and $300,000 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 (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."

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.