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Managing Director, Head of Audit Operations

BNY Mellon
New York, USA
Closing date
Mar 8, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.

With over 239 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

In this role, you will make an impact in the following ways:
  • Reporting to Internal Audit's Chief Administrative Officer ("CAO"), support the Chief Audit Executive ("CAE"), the CAO, and Audit Executives in the function-wide operating activities including overall risk assessment, planning, and reporting, Internal Audit systems, and coordination across audit teams.
  • Oversee function-wide, the annual risk assessment and audit planning process, implementation of enhanced risk assessment methodologies as well as the structure and maintenance of the universe of auditable entities.
  • Coordinate the ongoing continuous monitoring program over the company's businesses, entities, and geographies including regular thematic and horizontal aggregation, analysis, and reporting of impacts to assessed risks and plans.
  • Lead centralized audit reporting including production of key management information presented to internal management, executive management, entity and holding company committees and boards, and regulators.
  • Oversee the function's technology systems and data including applications used to manage the audit lifecycle and support department-wide activities.
  • Implement a standard coordination framework in support of business and entity Audit Heads and their teams enabling consistent execution of audit processes globally.
  • Support the execution of the function strategic plan through:
  • Serving as owner for key transformative projects over audit processes and operations.
  • Partnering closely with the Head of Methodology and Quality Assurance in the operationalization of key methodology updates.
  • Leading the analysis and assessment of future state audit systems in coordination with the function's innovation team.
  • Serve as key partner to IA stakeholders on development and engagement of our staff through our early talent development and professional development programs.
  • Build and maintain excellent relationships across both IA division and executive management stakeholders including reporting to senior fora and Audit Committee on plan execution.
  • Coordinate IA's dialogue with financial regulators on audit planning, risk assessment, ongoing monitoring, reporting, and systems-related topics.
  • Participate and support Audit Executive participation in industry peer-groups and fora to establish benchmarks and peer range of practice on key audit execution topics.

  • 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. Modelers - Advanced degree (PhD) in Math, Statistics, Physics, Economics or Engineering preferred.
  • 15+ 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

    BNY Mellon 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 BNYM 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:

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.

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