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Managing Director/Senior Director, Audit, Market and Wealth Services

BNY Mellon
Jersey City, USA
Closing date
Jul 18, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time

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.

As a senior third line of defense professional, you will be responsible for the coordination and oversight of audit activities related to the Market and Wealth Services business segment which includes three businesses: Pershing, Treasury Services, and Clearance and Collateral Management.

Reporting to the Chief Deputy Auditor, you will play a vital role in the scoping and planning of the audits, 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, own and lead the audit plan, provide oversight and continuous monitoring of audit activities over the relevant businesses, and deliver updates to operating committees, senior management and key stakeholders.

In this role, you will make an impact in the following ways:
  • Plan and execute audits related to the Market and Wealth Services ecosystem including risk identification, assessment, monitoring, and reporting processes.
  • Provides leadership, support and guidance to a team of audit professional while fostering an inspiring team environment with an open communication culture.
  • 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. Degree in accounting, finance, or relevant specialty preferred. MBA, CPA, CFA or related certifications preferred.
  • 10+ years of total work experience, with 5-10 years of management experience preferred.
  • Prior experience in a mid to high level managerial role in Audit preferred.


Desired Qualifications:
  • Deep understanding of broker-dealer services, investment advisory services, markets middle office and operations, clearance and collateral services; global payments, liquidity management, and trade finance services.
  • 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.
  • Demonstrated ability to embrace innovation and manage change.
  • Strong communicator, able to build consensus and drive results through collaboration, influence, and persuasion.

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 is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

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 $400,000 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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