Director, Audit Manager- Treasury Services & Broker-Dealer - BNY Mellon

Overview

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.

We’re seeking a future team member for the role of Director, Audit Manager- Treasury Services & Pershing. This role is located in Jersey City, NJ -Hybrid

In this position you will play a vital role supporting the audits of the Treasury Services & Pershing businesses. You will deploy audit and analytical procedures and techniques to assess the design and operating effectiveness of the controls to mitigate the risks. Similarly, you will have the skills and experience to effectively manage deliverables, provide oversight and continuous monitoring of audit activities over the relevant business, and deliver updates to senior leaders in the department and key stakeholders.  The role involves performing risk-focused planning and fieldwork in accordance with Internal Audit policies, methodologies, and standards to identify meaningful issues, risks, and other exposures.

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

• Audit Management: Manage and execute audits related to BNY’s Broker-Dealer services, Treasury Services, and Collateral and Clearing Services.  Responsibilities include assessment and challenge of business risk and controls identification and reporting processes related to operational, financial, regulatory, and compliance risks. Promote best audit practices, including use of data analytics and technology to enhance audit quality and efficiency.
• Risk Evaluation: Assess the design and operating effectiveness of controls to mitigate risks and evaluate the effectiveness of risk governance structures, policies, and procedures.
• Collaboration: Work with cross-functional teams, including risk management, compliance, finance, and internal audit, to address audit findings and implement corrective actions.
• Stakeholder Interaction: Develop and maintain relationships with stakeholder management and provide updates to audit senior leaders.
• Industry Awareness: Stay updated on industry developments, regulatory changes, and emerging risks, providing insights and recommendations to senior management and audit committees.
• Knowledge and experience in broker-dealer trading and operations, margin requirements, liquidity management, regulatory reporting, 15c3 regulatory requirements, custody, clearance and settlement, collateral management, cash management, payments and trade finance preferred
• As a senior third line of defense professional, you will be responsible for the coordination and oversight of audit activities related to Treasury Services.
• Support and execute audits related to the Treasury Services & Pershing ecosystem 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.
• Develop and maintains senior management relationships and maintains strong collaboration with the business. 
• Collaborate with cross-functional teams, including risk management, compliance, finance, and internal audit, to address audit findings and implement corrective actions.
• Supports the development and enhancement of audit methodologies and tools to improve the efficiency and effectiveness of audit processes.
• Draws on extensive experience and/or specialist skills (e.g. trading operations front-to-back, market risk, credit risk) to plan and deliver audits.
• Apply 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:

• Skills: In-Depth knowledge of financial regulations, industry standards and risk management practices related to broker-dealer operations, markets middle office and operations, clearance and collateral services, treasury services, global payments, liquidity management, and trade finance services. Strong communication skills and the ability to build consensus and drive results through collaboration and influence. Strong analytical, problem solving and critical thinking abilities. Proficiency in data analytics, Tableau is a plus
• Bachelor's degree or equivalent combination of education and work experience required. Degree in accounting, finance, or relevant specialty preferred. MBA, CPA, CFA or related certifications preferred. 
• 12-15 years of total work experience, with 3- 5 years of management experience preferred- prior experience in a mid to high level managerial role in Audit preferred. 
• Experience working with and providing reporting and updates to senior-level management.
• 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.
• The candidate should have robust people leadership experience, leading and motivating teams while collaborating in a matrixed organization.
• The ability to solve problems, prioritize decisions, and manage multiple projects in a high-pressure environment is crucial.
• Embracing innovation and managing change are also important aspects of this role

 

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

• Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg's Gender Equality Index (GEI)
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• Best Places to Work for Disability Inclusion, Disability: IN - 100% score
• 100 Best Workplaces for Innovators, Fast Company
• CDP's Climate Change 'A List'
• Forbes Blockchain 50

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $125,000 and $240,000 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.

Employer Description:

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 and 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.

EEO Statement:

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.