BNY

Director, The Operational Risk Stress Testing and Scenario Analysis

BNY  •  $127k - $212k/yr  •  New York City, NY (Onsite)  •  4 days ago
Apply
AI can make mistakes so check important info. Chat history is never stored.
63
AI Success™

Job Description

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

  • Set the vision, strategy, and framework for the Operational Risk scenario analysis program, aligning to BNY’s enterprise risk framework, strategic pillars, and regulatory expectations.
  • Lead the operational risk stress testing program, including CCAR, in coordination with other Risk and Finance teams.
  • Coordinate scenario analysis activities across first and second lines of defense, ensuring robust challenge, transparency, and effective handoffs from risk identification through quantification and reporting.
  • Drive transformation of methodologies, data, and tooling (including process automation, documentation standards, and governance routines) to improve accuracy, scalability, and timeliness.
  • Oversee end-to-end program execution: scenario design, facilitation of workshops, quantification approaches, controls, documentation, and executive-level reporting.
  • Engage senior stakeholders (risk owners, business leaders, finance, compliance, audit) to socialize findings, influence actions, and support remediation plans; prepare materials for risk committees and executive forums.
  • Ensure comprehensive governance and control discipline, including model/methodology challenge, validation, audit readiness, and adherence to internal policies, standards, and procedures.
  • Monitor emerging risks, industry trends, and regulatory developments; proactively update scenario libraries and stress narratives to reflect evolving risk landscapes.
  • Represent the program in regulatory interactions and internal assurance reviews as needed, ensuring clear articulation of frameworks, assumptions, and outcomes.

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

  • Bachelor’s degree in finance, Risk Management, Economics, Business, Engineering, or related field.
  • 12+ years of experience in operational risk, enterprise risk, scenario analysis, stress testing, or related risk management roles within financial services.
  • Strategic leadership and vision-setting with strong execution discipline and program management skills.
  • Exceptional stakeholder engagement, communication, and executive presentation capabilities.
  • Deep understanding of operational risk, scenario design/quantification, and first/second line coordination practices.
  • Transformation mindset: process re-engineering, control design, and continuous improvement.
  • Analytical rigor, critical thinking, and problem-solving with attention to detail and documentation quality.

Preferred Qualifications:

  • Experience with operational risk frameworks and capital activities (e.g., Basel/ICAAP/CCAR), risk quantification methodologies, and governance in large financial institutions.
  • Familiarity with data and analytics for scenario analysis



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 $211,500 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.


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.

BNY

About BNY

We help make money work for the world — managing it, moving it and keeping it safe. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investable assets. Today we help over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. For more than 240 years we have partnered alongside our clients to create solutions that benefit businesses, communities and people everywhere.

Follow BNY on Instagram & X: @BNYglobal

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
New York, NY
Year Founded
1784
Website
bny.com
Social Media