Vice President, Liquidity Risk Oversight

2 months ago

UNITED STATES NY NEW YORK BNY Full time

Vice President, Liquidity Risk Oversight - Treasury Risk 

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 Vice President, Liquidity Risk to join our Treasury Risk team. This role is located in Pittsburgh, PA and Lake Mary, FL in a Hybrid work environment.

 

About the team:

The Liquidity Risk oversight function is within the second line of defense, responsible for the oversight of the Liquidity Risk at BNY. The team’s duty is to ensure that Liquidity Risk is identified, measured, controlled, reported, and monitored by first line of defense. This responsibility includes: Independently reviewing and challenging the first line of defense’s Liquidity Risk management processes; Owning the Liquidity Risk limit framework; Reviewing and evaluating the Liquidity Risk aspects of significant new products / services, business process changes, and entity structures/acquisitions/divestures changes. 

 

Liquidity knowledge is critical to understanding deployment constraints and trade-offs. The Liquidity Risk oversight team works very actively with the other Treasury Risk functions, and within Risk & Compliance functions relating to interest rate risk.   The team also considers regulatory implications of balance sheet activity.  As BNY is a Global Systemically Important Bank (GSIB), the regulatory requirements and expectations for the Treasury and Treasury Risk are at the highest standard in the country. 

 

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

  • Applying knowledge of market or liquidity risk management best practices and financial markets in support of analyzing, monitoring, and measuring risk. 
  • Understanding the end-to-end Risk Management process, Models, and Risk limits to support review and challenge, and improvements to the existing framework. 
  • Working with senior management roles to ensure that the appropriate Liquidity Risk policies, methods, standards, processes, and training are developed, applied, and understood by impacted stakeholders. 
  • Prioritize resiliency in providing oversight, particularly in reviewing recovery and resolution planning (RRP) frameworks and associated practices.
  • Perform ongoing analysis and monitoring of risk exposures including liaising with business partners to understand and validate significant movements in metrics.
  • Producing (and may deliver) risk presentations to senior management. Anticipates and addresses Audit and regulatory concerns regarding the Liquidity Risk framework, governance, and operations to promote compliance with appropriate internal and external standards. 
  • In partnership with management, establishes and supports the Liquidity Risk strategy for the business area(s) and is accountable for ensuring the implementation of that strategy. 
  • Lead the development and implementation of tools and procedures to measure and monitor multiple risks hierarchically and across the entire organization including interacting with technology and first line colleagues. Develop and document processes to ensure consistency of practices within Treasury Risk
  • Manage existing processes to ensure accurate and timely implementation
  • Oversees, advises, and guides less experienced Liquidity Risk roles and may direct their work. 


  •  

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

  • Bachelor’s degree or the equivalent combination of education and experience is required. Master’s degree preferred. 
  • Minimum of 5 years of total work experience with 6-10 years of experience in market or liquidity risk preferred. Experience in financial services is preferred. 
  • Background in math, statistics, finance, economics, risk management, operations research, or a similar field is preferred. 
  • Knowledge of funding, cash flow projections, deposits (including operational and behavioral views), liquidity measures, liquidity stress testing, and relevant regulation (e.g., CLAR/ILAAP, LCR, NSFR, Recovery and Resolution Planning / RRP) is preferred.


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 assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $93,000 and $135,000 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.

 

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