Full-Time
Senior Director
Audit/Compliance/Risk
Posted on 10/7/2025
The Bank of New York Mellon
10,001+ employees
Global financial services with asset management
Compensation Overview
$136.5k - $300k/yr
New York, NY, USA
In Person
 Finance & Banking (1) |
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- 15+ years in internal audit/risk at a G-SIB or comparable complex institution.
- Proven credibility with global supervisors (Fed/OCC/FDIC, ECB SSM, PRA, etc.).
- Expert knowledge of Basel expectations (including BCBS 239 and operational resilience regimes) and the three lines model.
- Exceptional board level communication skills.
- Own the global, risk‑based audit plan for ERM and Operational Risk across the group and material legal entities; align coverage to the bank’s risk appetite, strategy, and G‑SIB regulatory expectations; provide clear, independent reporting to the CAE, Audit Committee, and key Management Committees.
- Deliver end‑to‑end assurance over ERM: governance and risk appetite frameworks, risk taxonomy, risk data aggregation and reporting (e.g., BCBS 239), stress testing/capital planning interfaces (ICAAP/CCAR), and risk culture effectiveness.
- Provide deep ORM coverage: RCSA design/operating effectiveness, KRI framework, loss data and scenario analysis, issue management and remediation, new product/change risk, third‑party/outsourcing risk, conduct and fraud risk, payments and trading operations controls, and operational resilience (mapping, impact tolerances, scenario testing) partnering closely with audit teams covering the front-line implementation and execution of these programs.
- Challenge the 1LOD/2LOD effectively and assess the maturity of the three‑lines model; validate management action plans, perform robust root‑cause analysis, and drive durable control enhancements.
- Coordinate the preparation of the annual overall opinions on the effectiveness of risk management and internal control, ensuring methodology, evidence, and reporting are consistent with SR 13‑1; present clear conclusions and themes to the Audit Committee.
- Elevate audit methodology and tooling: embed data analytics, continuous monitoring, and thematic reviews; maintain a current audit universe and risk assessment; ensure QAIP and full conformance with IIA Global Standards and the BNY Audit Manual.
- Lead and develop a high‑performing global team (onshore/offshore), set staffing strategy and budget, cultivate subject‑matter expertise in ERM/ORM, and ensure consistent workpapers, ratings, and issue validation standards.
- Advanced degree preferred.
- Professional certifications such as CIA, FRM, CISA, or CFA are a plus.
BNY Mellon combines traditional asset management, custody, and investment services with digital capabilities. It is building a multi-asset digital platform that links cryptocurrencies and tokenized securities with conventional financial systems, serving individuals, corporations, and institutional clients. Pershing X expands digital capabilities to improve client experiences; the firm earns fees, commissions, and interest income. By integrating ESG factors and partnering with Citi and Verizon, it aims to connect digital innovation with secure, scalable financial services.
Company Size
10,001+
Company Stage
IPO
Headquarters
Town of East Hampton, New York
Founded
1784
Simplify's Take
What believers are saying
- Q1 2026 revenue surged 13% to $5.41B with 42% EPS growth to $2.24.
- Over 200 AI solutions deployed boost productivity on $4B tech budget.
- Digital custody expands to UAE and Singapore Gulf Bank for crypto clients.
What critics are saying
- Deposit normalization compresses net interest income 15-25% within 12-24 months.
- CET1 ratio at 11% limits buybacks as risk-weighted assets rise.
- AI ROI delays strand $400M-$800M annually, compressing margins 200-400bps.
What makes The Bank of New York Mellon unique
- BNY Mellon launched industry's first multi-asset digital custody platform in 2022.
- BNY integrates bitcoin, ether custody with $59T traditional assets as G-SIB.
- BNY partners Goldman Sachs for tokenized MMF ownership on blockchain since 2025.
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Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Remote Work Options
Company News
The Bank of New York Mellon has acquired an additional 101,810 shares of Strategy for approximately $18.7 million, bringing its total holdings to one million shares valued at around $187.2 million at current market prices. The institution, which manages approximately $2.1 trillion in assets, joins a growing number of large organisations establishing significant positions in Strategy as a means of gaining Bitcoin exposure.
The Bank of New York Mellon is expected to report quarterly earnings of $1.93 per share, up 22.2% year-over-year, with revenues forecast at $5.15 billion, a 7.5% increase. The consensus EPS estimate has been revised down 0.5% over the past 30 days. Analysts project total interest-earning assets at $390.81 billion, compared to $354.69 billion last year. Book value per share is expected to reach $58.50, up from $52.82 previously. The Tier 1 capital ratio is forecast at 15.4%, versus 14.7% a year ago. Net interest revenue is projected at $1.32 billion, compared to $1.16 billion in the prior-year quarter. Nonperforming assets are expected to decline to $191.31 million from $213 million last year.
Bank of New York Mellon has partnered with Singapore Gulf Bank, adding the firm to its correspondent banking network and providing access to its Fixed Income Brokerage platform. The deal enables SGB's crypto-native clients to access 24/7 US dollar clearing, money market funds and Treasury bills, bridging digital assets with traditional fixed income. The partnership highlights BNY's growing role in tokenised finance infrastructure, following the bank's recent Digital Asset Summit appearance where its CEO outlined positioning around tokenisation and digital custody. However, analysts view the development as incremental rather than a major near-term catalyst. BNY's narrative projects $23.2 billion revenue and $6.4 billion earnings by 2029, requiring 5% annual revenue growth. Fair value estimates range from $118.67 to $133.83 per share.
Strategy has purchased approximately $330 million worth of Bitcoin between 1 April and 5 April, the company disclosed, even as it reported a $14.5 billion unrealised loss in the first quarter due to Bitcoin's price decline. Bank of New York Mellon has been designated by the US Department of the Treasury as a financial agent for the Trump Accounts programme for newborns. BNY Mellon has partnered with Robinhood, which will serve as brokerage and initial trustee for the accounts. US stocks climbed on Monday as oil prices dropped amid cautious optimism for de-escalation in Middle East hostilities. Iran and the US have reportedly received a Pakistan-prepared plan for ending attacks, according to Reuters.
The US Department of the Treasury has named BNY Mellon as the official financial agent for its Trump Accounts programme, with Robinhood joining as a key partner. BNY Mellon will manage initial accounts and help develop a dedicated mobile application for families to access funds. Robinhood will provide brokerage services and act as initial trustee for the accounts. The secure, white-label platform will remain under full government control whilst emphasising usability and security for first-time users. The initiative aims to expand access to structured savings and investment accounts for younger Americans as part of broader financial inclusion efforts. The Treasury will maintain strict oversight, including performance standards and regulatory compliance. Details on eligibility and funding mechanisms are still emerging.