Director, Operational Risk Stress Testing and Scenario Analysis

We are seeking a highly skilled and experienced Director of Operational Risk Stress Testing and Scenario Analysis to join our team at The Bank of New York Mellon. In this role, you will be responsible for developing and implementing stress testing and scenario analysis frameworks to support our operational risk management practices. As a key member of our risk management team, you will play a critical role in identifying and mitigating potential risks to our organization. The ideal candidate will possess strong analytical skills, in-depth knowledge of risk management methodologies, and a proven track record of success in a similar role. If you have a passion for risk management and a desire to make a significant impact in a dynamic and global organization, we encourage you to apply for this exciting opportunity.

1. Develop and implement stress testing and scenario analysis frameworks to support the operational risk management practices of the organization.
2. Conduct thorough analysis of potential risks to the organization and identify areas for improvement.
3. Collaborate with cross-functional teams to ensure alignment of stress testing and scenario analysis with overall risk management strategies.
4. Communicate findings and recommendations to senior management and provide regular updates on risk management initiatives.
5. Stay up-to-date with industry best practices and regulatory requirements related to stress testing and scenario analysis.
6. Lead and manage a team of risk management professionals to ensure timely and accurate completion of risk assessments.
7. Coordinate with external auditors and regulators to provide necessary documentation and information related to stress testing and scenario analysis.
8. Develop and maintain strong relationships with internal stakeholders to ensure effective risk management practices are implemented throughout the organization.
9. Develop and deliver training programs to increase awareness and understanding of stress testing and scenario analysis methodologies across the organization.
10. Participate in the development and implementation of risk management policies and procedures to enhance the organization's risk management framework.

According to JobzMall, the average salary range for a Director, Operational Risk Stress Testing and Scenario Analysis in New York, NY, USA is $180,000 to $250,000 per year. This may vary depending on the specific industry, company size, and level of experience. Entry-level positions may start at around $120,000 per year, while more experienced professionals can earn upwards of $300,000 per year. Bonuses and additional benefits may also be included in the total compensation package.

The Bank of New York Mellon Corporation is an American worldwide banking and financial services holding company headquartered in New York City. Bank of New York was established in 1784. BNY Mellon was formed with the merger of The Bank of New York and the Mellon Financial Corporation.