We’re seeking a future team member for the role of Senior Vice President, Legal Entity Risk to join our team. This role will be located in Brussels, Belgium.
About the team:
Reporting to the Chief Risk Officer of the European Bank, the Legal Entity Risk Officer will be part of a regional team within the second line of defence overseeing the European Bank Legal Entity.
The Legal Entity Risk Officer will have regular interactions with the Legal Entity Executive Team to provide independent second line of defense review, challenge, oversight, and advice to the first line of defense and ensure that there is an effective risk management framework embedded across the Legal Entity, and that risks are properly identified, assessed, and mitigated, also contributing to proactive risk management for new initiatives and strategic priorities.
The Legal Entity Risk Officer will have the following responsibilities:
- Ensures the Entity is compliant to minimum Enterprise Risk Management standards and Risk & Compliance governance.
- Manages the European Bank risk governance cycle, including supporting the CRO with presentation of key risk data, developing narratives in relation to key risks and the ability to contribute to discussion of risks in a committee environment.
- Provides oversight, review, challenge and advice to the Business and ensure adherence with the LE Risk Management Framework including Risk Appetite, Risk ID, Key Risk Indicators.
- Responsible for ensuring that risks have been adequately identified, assessed, managed and reported by the first line of defense taking the Legal Entity perspective into account.
- Interpreting relevant local regulatory/jurisdictional requirements and advising the first line of defense on such requirements.
- Advises and guides on how to manage risks, including identification of new and emerging risks, use of sufficient and appropriate controls.
- 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.
- Client presentations on the role and structure of the LE Risk function as part of regular due diligence reviews, and supports engagement with and response to Internal Audit and Regulatory requests.
To be successful in this role, we’re seeking the following skills:
- Education: Preferred secondary/university graduate degree or equivalent combination of education and experience.
- Experience: Experience in financial services, preferably with experience in Enterprise 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 distil 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.
About Us
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.
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