
Conducting Officer for Risk / Senior Vice President - BNY Investments
Job description
At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #Life. AtBNY is all about. Join us and be part of something extraordinary. BNY Investments is a leading investment manager, with $2.
2 Trillion in assets under management as of December 31, 2025. Through an investor-first approach, the firm brings to clients the best of both worlds: specialist expertise from seven specialist investment managers offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY.
We are seeking a Conducting Officer for Risk at Senior Vice President level to join our Risk team in the Luxembourg Management Company. The Conducting Officer is the nominated responsible person for Risk Management, with responsibility to the Board and the CSSF. The candidate will also be responsible for ensuring second line of defence Risk Management frameworks remain appropriate to meet the needs of the CSSF, and relevant regulations of the Irish and Luxembourg fund ranges, managed by the Management Company (Man.
Co) / Alternative Investment Fund Manager (AIFM). Working with the BNY Group global risk teams, the candidate will lead the second line risk management to develop a robust risk and compliance culture within the Luxembourg Man. Co.
Key Responsibilities
Responsible for the design, implementation, and continuous enhancement of the risk management frameworks, including policy, procedures for UCITS and Alternative Investment strategies. Establish and oversee a consistent risk management approach across the business; collaborating with investment, operations, compliance, and governance teams to effectively implement and monitor procedures.
Engaging with BNY Group risk and compliance teams to ensure ICT and Operational Risk activities remain in compliance with CSSF expectations and industry best practice. Oversee and implement regulatory change related to risk management and industry best practice; ensure timely alignment with CSSF and relevant Luxembourg & Irish regulations and circulars.
Oversee the risk monitoring framework, including monitoring of fund risk profiles ; and robust risk identification to ensure fund compliance and adherence to investment limits and applicable regulations. Reporting of frequent and ad‑hoc risk reports to senior management, the Board, and the CSSF/regulator and ensuring material risks are escalated promptly.
Candidate Requirements: Experience as a CSSF-approved Conducting Officer for an AIFM/Man. Co for Risk 10 years of risk management across relevant fund types:
- UCITS
- Alternative Investments and demonstrable regulatory knowledge of CSSF requirements. Experience of people management and leadership responsibilities Profound knowledge of Luxembourg legal and regulatory requirements relating to risk management . Demonstrated professional integrity, self-motivation, accountability, and strong analytical, influencing, and communication skills. University degree in Business, Finance, Law, Economics, or a related field. Core competencies: Regulatory fluency (CSSF guidance and rules, UCITS/AIFMD frameworks) and practical implementation skills. Risk methodology expertise (market, credit, liquidity, operational, valuation, model risk). Strong governance orientation with Board-level communication capability. Strong analytical skills, including data-driven reporting, KPI design, and risk analytics proficiency. Cross-functional collaboration and stakeholder management at a senior level Fluent in English (written and verbal) Location: Luxembourg Employment Type: Full-time. At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom BNY LinkedIn Here’s a few of our recent awards: America’s Most Innovative Companies, Fortune, 2025 World’s Most Admired Companies, Fortune 2025 “Most Just Companies”, Just Capital and CNBC, 2025 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.