BNY Mellon Careers

Sr Principle - Recovery and Resolution Planning

New York, New York

Job Description

Leads the analyses, writing/drafting, and project management services related to the coordination, development, and submission of the Bank's recovery and resolution plans. As a key subject matter expert, applies significant knowledge of the breadth of the Bank's services and operations across its legal entities to ensure cohesion and responsiveness of plans to regulatory requirements. In collaboration with senior leaders, determines strategic approach to plan development, stress testing scenarios, project management, and plan governance. Manages the overall Bank project plan for the consolidated recovery and resolution plan in addition to developing and executing project plan(s) for a strategically important topic area or business/entity/function, using accepted project management tools and methods. Develops project objectives, establishes timelines, engages appropriate Bank resources, and ensures achievement of project objectives on time and in alignment with regulatory requirements. Conducts planning meetings and ensures cooperation from the appropriate stakeholder group and its leaders. Compiles submissions and data from project stakeholders on assigned work stream/topic(s). Assesses applicability and responsiveness to requests/requirements. Challenges stakeholders on insufficient submissions and coaches them to ensure a fully responsive submission. Guides activities related to a complex area of expertise such as capital/liquidity analysis or governance. Often has shared responsibility for the overall plan(s) for the Bank and works to ensure that all submissions are coordinated and aligned. Synthesizes and analyzes submitted data such as corporate financial statements, financial ratios, operational work flows, etc.; determines associated stress triggers and conducts stress testing and business process modeling according to established scenarios. Evaluates results, identifies gaps, and draws conclusions to inform the development of an appropriate plan response. Develops the techniques and methods used in approaching testing and modeling within an area of expertise such as capital/liquidity analyses or governance. Ensures that technical guidance is consistent across the business units or legal entities, as appropriate. Drafts and finalizes plan for assigned business unit, legal entity or functional area based on evaluation of data and results of stress testing. Confirms plans with appropriate leaders, collaborating and addressing areas of non-consensus. Reviews the full set of Bank plans for consistency and responsiveness. Ensures that relevant organization and operational changes result in a corresponding update to the relevant plan(s). Provides informal leadership to less experienced peers, providing project management oversight and technical guidance on stress testing scenarios, plan strategies, etc. No formal personnel management responsibilities; provides guidance and oversight to more junior team members. Directly assigns tasks related to overall project plan for the Bank's recovery and resolution plan. Must display leadership in recovery and resolution planning with assigned stakeholder groups, coaching and persuading leaders to adopt the point of view of the recovery and resolution team. Contributes to the achievement of RRP functional objectives. May be held directly accountable for the RRP(s) of a strategically significant business or legal entity, and ultimately the overall Bank's portfolio of RRPs. Insufficient or non-responsive submissions could lead to stringent capital, leverage or liquidity requirements that would constrain the Company's growth, activities and operations. Modified based upon local regulations/requirements.


Bachelor s degree or the equivalent combination of education and experience is required. Graduate degree (MBA) is preferred. 12-15 years of total work experience preferred in the financial services, financial consulting industry, and/or with similar regulatory reporting responsibilities.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-New York-New York
Internal Jobcode: 85204
Job: Finance/Accounting
Organization: Corporate Treasury-HR06004
Requisition Number: 1803773