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BNY

Safeguards and moves assets for investors

Director Business Continuity/Recovery

Regulatory Compliance & EthicsPosted on Nov 13
Full-time$130k - $280kIn-person

About the Job

Requirements

  • A bachelor's degree or an equivalent combination of education and experience is required.
  • Twelve to fifteen years of total work experience is preferred.
  • Maintain knowledge of industry best practices in business continuity and recovery management.
  • Use longstanding, strong working relationships with existing clients to ensure completion of business continuity compliance activities when clients purchase new services or conduct vendor due diligence.

Responsibilities

  • Provide ongoing, independent oversight of highly complex business continuity compliance activities and recovery management governance for an assigned function in preparation for crises, technology and information losses, and other risks.
  • Advise and assist the assigned function with assessing, monitoring, and reporting key indicators of business continuity and recovery preparedness.
  • Anticipate standard and non-standard business continuity risks using industry experience, and lead the function's activities to address control gaps.
  • Lead and support business line managers through the cross-company Business Recovery Coordinator network to ensure compliance with client and regulatory requirements related to business continuity.
  • Provide training and awareness on required deliverables, track and monitor completion, conduct quality assurance reviews, and report to management, regulators, and the Board of Directors as required.
  • Lead the assigned function's identification of risks to functional resilience and completion of test recoveries and relocations required by applicable regulators and legal entities.
  • Advise the function on responsibilities related to required test recoveries and relocations, and develop projects and programs to improve compliance.
  • Complete similar tasks for vendor continuity when needed.
  • Evaluate and refresh testing protocols each year, including in response to personnel changes.
  • Lead cross-functional efforts to promote a strong Business Continuity and Recovery culture throughout the organization.
  • Contribute directly to drafting the organization's master resolution and recovery playbook, including documenting actions to take in the event of a crisis or bankruptcy.
  • Anticipate regulatory critiques and recommend process and documentation changes based on industry best practices.
  • Meet with and present to potential and existing clients on an ongoing basis.
  • Assign compliance activities to more junior professionals and provide guidance to junior team members.
  • Escalate significant business continuity issues to the Business Continuity Executive Committee.
  • Work through client contracts with legal representatives to make highly complex adjustments and determine whether client contract risks are tolerable for the organization.
  • Manage the crisis management system, plan strategies for completing required documentation, and ensure more junior professionals complete weekly refreshes of the automated calling system.
  • Contribute to the achievement of team objectives.

Desired Qualifications

  • Twelve to fifteen years of total work experience.

About the Company

BNY

Safeguards and moves assets for investors

BNY safeguards financial assets and runs investment services for institutions, investment firms and wealthy clients around the world. Its custody business keeps clients' securities safe and handles the records and transactions needed to administer investment funds. Banks and brokers use its systems to settle trades, manage collateral and send payments, while its investment and wealth businesses manage portfolios and advise clients. It earns servicing and management fees as well as interest on loans and securities funded by client deposits. BNY traces its roots to the Bank of New York, founded by Alexander Hamilton in 1784, and is headquartered in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1784

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