Director, Market and Liquidity Risk Manager
3 weeks ago
Senior Principal, Market and Liquidity Risk
Description:
The Treasury department is responsible for the management of BNY Mellon's balance sheet. It assumes a variety of risks in its activities to generate net interest income, largely through the monetization of the firm's deposit base through its investment portfolio of fixed income securities. Additionally, the Treasury drives the allocation of the Firm's financial resources across the company, balancing capital and liquidity needs and demands and works to create the appropriate financial incentives for the businesses using these scarce resources.
The Capital & Liquidity oversight group within Treasury Risk is a second line of defense, with responsibilities including oversight of capital stress test/CCAR at BNY Mellon, covering both capital and the cross linkage to liquidity. Responsibilities include independent review of process & governance, methodologies, and results of the CCAR exercise. The scope of the review & challenge includes scenario design, macroeconomic variable forecasts, computation methodologies, assumptions, and results, spanning across all P&L and Balance Sheet line items. It covers all risk stripes - Liquidity, Net Interest Income, Operational Risk, Investment Portfolio and Credit Risk.
Specific responsibilities would include, but not limited to:
- Managing governance of the review function, including issue management, audit, and regulatory interface
- Develop & implement a review plan for CCAR to ensure adequate coverage as required by applicable regulations, and to provide effective review & challenge.
- Work with Subject Matter Experts across functions to ensure that all review areas are covered effectively.
- Develop review criteria and methodologies to ensure accuracy of CCAR outputs.
- Work with review team to allocate review tasks & coordinate the overall review cycle.
- Work with the first line partners on issues identified in the review, agree on issues and the associated action plan, and finally evaluate closure materials to assess if issues can be closed.
- Prepare presentations summarizing review findings to be reviewed at governance committees and by senior management.
Job Requirements:
The right candidate needs to have excellent analytical skills, knowledge of a bank's Balance Sheet, P&L and Capital, with experience in a corporate risk function at a large bank. As this job requires working across function and organizational levels, ability to work effectively across business function and teams is critical.
- Bachelors Degree or the equivalent combination of education and experience is required. Masters degree preferred.
- Minimum of 10 years of total work experience with 12-15 years of experience in market or liquidity risk preferred. Experience in financial services is strongly preferred. Background in math, statistics, finance, economics, risk management, operations research, engineering or a similar field is preferred.
BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $139,000 and $205,000 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 BNYM 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.
Employer Description:
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.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
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