FX Business Control Officer

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of FX Business Control Officer to join our Global Markets team. This role is located in New York, NY - HYBRID

In this role, you'll make an impact in the following ways:

• Work within the Market Control Office within the First Line of Defense to assist the establishment, assessment, management, and governance within the Non-Financial Risk Framework.
• Bring subject matter expertise with insight into industry developments and best practices, as well as an understanding of the evolving global regulatory landscape, to ensure that Foreign Exchange creates a sound control environment, and that the control standards meet the requirements of the business and regulators. Key regulations include Swap Dealer, FX Global Code and Mifid.
• Evaluate compliance with existing policies and procedures, identifying and proposing modifications as needed
• Anticipates and investigates technology and emerging trends areas that may become future risks to the business and creates controls to mitigate them before they occur
• Operate with a high degree of independence and work directly with the Business, Middle Office, Operations, as well as Legal, Compliance, Finance and Risk Function to design, enhance and monitor a consistent and evolving control framework
• Project manage remediation efforts, including corrective actions resulting from audit findings, regulatory requests and examinations, operational risk events/errors, regulatory consent order implementation and other significant projects or tasks; manage and prioritize deliverables across multiple tasks and stakeholders
• Lead, Track and communicate progress to leadership and stakeholders, including presentations in governance meetings
• Drive standardized and consistent mechanisms to evidence controls and supervision, and ensure alignment with firm-wide initiatives and global consistency
• Review documentation for evidence of successful and efficient performance of control and business procedures. Identifies deficiencies in data systems and creates improvement processes
• Identify and escalate material risk and control issues that need to be addressed
• Challenge current practices which are not fully aligned with the firm's or regulatory standards; propose system and process enhancements to improve monitoring of control matters

To be successful in this role, we're seeking the following:

• Bachelor's degree or the equivalent combination of education and experience required
• 8+ years of total work experience preferred
• Experience in risk and control discipline within Foreign Exchange, such as Conduct Risk, Regulatory change, Operational Risk and/or Control Assurance is preferred
• Familiarity with regulatory landscape and financial products and services; prior experience with Foreign Exchange and its prudent regulators is preferred
• Ability to analyze a process and recommend ways to improve quality, controls, and efficiency
• Strong interpersonal skills for interfacing with all levels of internal and external management
• Ability to learn quickly, handle simultaneous requests and projects, and adapt to a fast-paced environment
• Ability to develop remote relationships across functions and regions

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $119,000 and $221,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.