Vice President Auditor - Markets and Wealth Services, Global Payments and Trade/Treasury Services
About the job
- A bachelor's degree or equivalent combination of education and work experience is required.
- A degree in Accounting, Finance, or a relevant critical-thinking specialty is required.
- Seven to ten years of experience working in financial services or banking within Internal Audit or Risk and Compliance Management is required.
- Good knowledge of Global Payments and Trade/Treasury Services products and operations, including Trade Finance, Cash Management, Global Payments, Client Services, and Consumer Compliance under Regulation E, is required.
- Good knowledge of the financial services industry and its laws and regulations is required.
- Strong written and verbal communication and influencing skills are required, including confidence communicating with internal and external stakeholders and the ability to influence at a senior level.
- A robust understanding of risk management and control processes is required.
- Self-sufficiency and a proactive approach are required.
- Planning, coordination, organization, and presentation skills are required.
- The ability to thrive in a fast-paced environment, adapt to change, and work as a team member is required.
- Strong knowledge and use of Microsoft Excel, PowerPoint, Word, Visio, and Power BI are required.
- Understanding the application and interpretation of analytics results for audit, along with critical-thinking and problem-solving skills, is required.
- Lead or participate in the delivery of complex and challenging global audit assignments, primarily focused on the Global Payments and Trade/Treasury Services business.
- Lead or participate in all phases of audit project execution, including planning, fieldwork, and reporting, in accordance with audit methodologies.
- Perform walkthroughs with process owners; document results in narratives and flowcharts; identify and document risks and controls; develop and execute testing strategies; prepare supporting workpapers; and document test exceptions and conclusions.
- Elevate potential audit issues to the Audit Manager and business management as soon as they are identified.
- Identify and draft meaningful issues affecting the business under review and challenge management to develop appropriate remedial actions.
- Follow up on remedial actions to ensure corrective actions have been appropriately implemented and, where necessary, test the design, operating effectiveness, and sustainability of implemented actions.
- Build strong relationships with key stakeholders in the business and risk-management areas and with colleagues throughout the global Internal Audit team.
- Engage in and document Continuous Monitoring activities to identify new or changing risk conditions for the covered businesses.
- Apply advanced analytical problem-solving skills and assist others in solving complex issues and identifying innovative solutions.
- Contribute technical or specialized skill sets or business knowledge not readily available elsewhere in the department to solve audit issues.
- Identify opportunities for the use of artificial intelligence and automation and participate in advancing recommendations for software-support requests.
- Maintain up-to-date knowledge of the industry, best practices, and regulatory requirements.
- Demonstrate leadership through work guidance and training of less-experienced peers and through advice to assigned clients.
- Contribute to the overall achievement of team goals.
- Carry out other ad hoc tasks and projects as directed by audit management.
- Certified Internal Auditor or other risk-management certifications are preferred.
About the company
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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Simplify's Take
What believers are saying
- BNY's growth funds expansion: July 2026 results showed quarterly revenue rising 13% to $5.7 billion.
- BNY is opening payment channels: September 2026 Pay-to-Wallet connected banks to retail wallets, with Kookmin among initial users.
- Analysts build transferable skills: BNY's 24-month program combines rotations, mentoring and AI learning pathways.
What critics are saying
- Staff stability has weakened: February 2026 reporting shows BNY headcount fell 7% in 2025.
- Investment demand weakened: BNY reported $17 billion of net outflows in the quarter ending March 2026.
- Investment fees face pressure: BNY reports demand shifting toward lower-fee asset-management products and performance-based charges.
What makes BNY unique
- BNY anchors institutional finance: its custody and administration footprint reached $62.6 trillion in June 2026.
- BNY occupies critical government-market plumbing: it is the primary provider of U.S. government securities clearance.
- BNY reaches brokerage customers through Pershing: its clearing platform supports 8.6 million global client accounts.
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Benefits
Health Insurance
Paid Vacation
Flexible Work Hours
Remote Work Options
Unlimited Paid Time Off
Company News
BNY will report third-quarter earnings on Thursday before market open. Analysts expect revenue to grow 9.6% year on year, compared with a 9.1% rise in the same quarter last year. Last quarter, the company beat revenue expectations with $5.70 billion, up 13.3% year on year. It also beat analysts' earnings per share estimates, and has a history of topping Wall Street forecasts. Among peers, Goldman Sachs reported 23% revenue growth, beating estimates by 11.5%. Jefferies posted 8.5% growth, topping estimates by 1.1%, and its shares fell 1.3%. BNY shares are down 10.7% over the last month, against a 5.5% average fall for capital markets stocks. The average analyst price target is $163.47, versus a share price of $140.78.
Digital Asset, the creator of the Canton Network and a leader in privacy-enabled blockchain technology for global financial markets, today announced a new strategic investment from BNY, iCapital, Nasdaq, and S&P Global
Luminary, an AI-native wealth transfer and administration platform, has raised $22 million in Series A funding led by Ten Coves Capital. The round included participation from BNY and 8VC, bringing total funding to nearly $32 million since launching in 2021. The platform ingests estate documents and converts them into structured data that powers workflows for financial advisors, trust companies, law firms and accounting firms. This helps them scale guidance on tax-efficient wealth transfer strategy and trust administration. Luminary currently supports client assets totalling more than $500 billion. Customers include Caprock, IEQ Capital and Wealth Enhancement Group. The funding will be used to expand AI capabilities, integrations and administrative workflows, whilst growing the sales and business development teams.
BNY Mellon, the world's largest custody bank, oversees $62.6 trillion in client assets, primarily from pension funds, mutual funds, and other institutional investors. The bank generated $5.7 billion in revenue in the second quarter, up 13% year over year, with 70% derived from asset custody and servicing fees. Custody banks hold and service assets for large institutional customers, operating with a fee-based business model that generates reliable earnings across market cycles. BNY Mellon's fees increase as asset levels rise through appreciation or net inflows. The bank also earns revenue from investment management and interest income from sweep accounts, where idle client cash is invested in high-yielding instruments. As one of a handful of major custody banks, BNY Mellon benefits from a competitive moat and has been the best-performing bank stock over the past five years.
Bank of New York Mellon Corp acquired a new stake in The Pennant Group, Inc. (NASDAQ:PNTG – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 114,332 shares of the company’s stock, valued at approximately $4,225,000. Other hedge funds also recently made changes to their positions in the company. Caitong International […]