Newton, Manager - Business Risk and Control Management
Location: London, United Kingdom
Type: Full Time
Internal Number: 20380767
Overview Newton is a global investment management firm owned by BNY Mellon, with offices in London, New York, Boston and San Francisco and has expertise in a range of disciplines, including global, regional and emerging-market equities, multi-asset strategies, absolute return investing and global bonds. A global, thematic approach to investment helps them achieve long-term perspective on global financial markets and economies and identify areas of long-term risk and opportunity. Our belief is that responsible investment is better investment for clients, and we consider ESG (environmental, social and governance) issues in relation to every company in which we invest. Our purpose is to improve people's lives through active, thematic and engaged investment which strives to deliver attractive outcomes to our clients and helps foster a healthy and vibrant world for all. Newton focuses on four key areas:
Active Equities - Conviction based, including global equity, small-cap, regional and thematic capabilities
Income - Equity, fixed income and multi-asset
Absolute Return - Fixed-income and multi asset
Multi-Asset Solutions - Systemic, outcome-orientated, relative balanced, bespoke and building blocks
Newton provides discretionary and non-discretionary investment advice to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, other pooled investment vehicles and other institutions, and, via BNY Mellon, to individuals. Job Purpose The successful candidate will join Newton as a manager within the Business Risk and Control Management team (BRCM). The team sits in the Risk and Compliance business area, reporting into the Global Head of Business Risk and Control Management. The BRCM function promotes, supports, and ensures the Business/Function Management owns its risks and controls as the first line of defense, ensuring that all key risks within their activities and operations are identified, mitigated, and monitored by an appropriate control environment that is commensurate with risk appetite. The manager of BRCM will take a leading role in the execution of an effective operational risk framework and internal control management program. Key Responsibilities Manage day-to-day work responsibilities for a sub-section of the Business Risk and Control Management function (as detailed in the following bullets):
Audit Control: Co-ordinate and administer internal and external audit requirements across all Newton business areas. Including:
Arrange for the submission of documentation as necessary, maintaining comprehensive records of documentation provided.
Act as primary point of contact throughout audit period, facilitating liaison and interviews with the appropriate business staff as necessary, and maintaining comprehensive records of information provided. Track and provide feedback to management regarding progression of audit and any emerging issues. Provide updates to interested committees and oversight groups.
Draft management responses to Findings and Actions after obtaining input from relevant business heads, co-ordinate the finalisation of reports and circulation to all relevant parties. Propose solutions to items raised and track action points to completion. Prepare management sign off documentation where necessary.
Internal Capital and Risk Assessment Process (ICARA): Contribute towards the completion of Newton's annual ICARA process. Including:
Preparation and co-ordination for all ICARA deliverables by key deadlines, including risk assessments, stress testing and orderly wind-down planning.
Co-chairing / chairing the ICARA Working Group and provide feedback to interested management and committees.
Creation and ongoing maintenance of all Newton MiFIDPRU documentation, including the ICARA and MiFIDPRU8 Disclosure.
Operational Risk Framework: Contribute towards the team's effort to promote and support the first line of defence in identifying, mitigating, and monitoring an appropriate control environment. Including:
Oversight and assistance with the resolution and documentation of operational risk events, ensuring internal policy and procedural requirements are being met.
Analysis of operational risk events and risk metrics to help identify business processes or business areas where risk has breached appetite or thresholds as set by Senior Management.
Oversight of key risk indicator metrics and commentary in the Risk Management Platform on a monthly / quarterly basis, as applicable.
Oversight of the Newton Risk Control Self-Assessment (RCSA) and associated processes, such as control testing and the monitoring of control gaps and action plans.
Procedure Control. Provide oversight of the document inventory held on the Newton Policies and Procedures SharePoint site. Support all Newton business areas to ensure that documents are presented in the Newton standard format and reviewed in accordance with the BNY Mellon Policy on Governance of Policy and Procedures.Provide MI to the Newton Risk Committees.
The Manager -Business Risk and Control Management is also required to:
Collaboration with other team/department members to support a continuous process improvement approach, and to contribute to key business strategic projects and initiatives. Maintenance of effective team checklists and procedure documents.
Provide line management to team personnel as assigned including completion of the annual BNY Mellon performance appraisal process for any direct reports.
Represent the Business Risk and Control Management function in meetings (internal and external) when required and demonstrate effective relationships with other Newton and BNY Mellon areas.
Ensure all Management Information and Compliance reporting (and adhoc reporting to any other business area) for the function is completed e.g., monthly management sign-off packs, team statistics and trend analysis. Provide input into audit and control processes (internal and external auditors of Newton) on behalf of the team.
Provide support to and/or deputise for the Global Head of Business Risk and Control Management as required, maintain a good working knowledge of all team responsibilities in order to provide support and cover to each team function, and input to key business strategic projects and initiatives.
Our Values & Behaviours Passion for Excellence - We get it done; We strive to be extraordinary Integrity - We do what is right, always; We challenge each other - even when it's uncomfortable Strength in Diversity - We seek out who is missing and help everyone feel included We invest in each other's success Courage to Lead - We take the risks necessary to lead; We grow and move on from failure BNY Mellon Investment Management is an Equal Employment Opportunity Employer.
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.