Senior Vice President, Counterparty Credit Risk

6 months ago


New York, United States THE BANK OF NEW YORK MELLON CORPORATION Full time

Senior Vice President, Counterparty Credit 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 % of the world’s investible assets. Every day around the globe, our ,+ 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 Senior Vice President to join our Counterparty Credit Risk team. This role is be located New York, NY in a Hybrid work environment.

About the team:

Counterparty Credit Risk (“CCR”) is a nd Line-of-Defense function within Credit Risk that will enhance oversight and controls over CCR metrics. The Senior Vice President will be responsible for counterparty credit risk management and reporting, including stress testing development and review, as well as providing leadership for governance functions, presenting to key oversight committees, and acting as a regulatory liaison.

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

Work with senior management roles to ensure that the appropriate counterparty credit risk and collateral management policies, methods, standards, processes, and training are developed, applied and understood by impacted stakeholders. Applies extensive knowledge of market or liquidity risk analysis, monitoring processes and in-depth knowledge of the financial industry, technology and the requirements of regulatory bodies in support of managing and analyzing risk. Recognized throughout the Risk organization and the businesses as the counterparty credit and collateral risk point of contact and subject matter expert. Produces (and may deliver) risk presentations to senior management and regulators. Anticipates and addresses Audit and regulatory concerns regarding the counterparty credit risk framework, governance, and operations. In partnership with management, establishes the counterparty credit risk strategy for the business area(s) and is accountable for ensuring the implementation of that strategy, including the appropriate analysis, review and approval of collateral for businesses. Manage all activities related to the development and production of counterparty credit risk platforms and metrics. Plans and implements the risk policies and procedures and internal controls across multiple businesses and locations. Discuss and negotiate technical requirements and multi-departmental solutions, designs and implements innovative, efficient, auditable processes, and documents results for all levels of management. Design solutions for counterparty credit risk management that are aligned with evolving regulatory requirements, audit and compliance scrutiny and industry best practices. Responsibilities are primarily specialized to address the counterparty credit risk management needs for major global initiatives, large areas of the business, specific legal entities, or material events.

 

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

Bachelor’s Degree or the equivalent combination of education and experience is required. Masters degree preferred.  Market Risk: Ability to analyze and report on counterparty credit risk metrics and to develop and analyze the impact of internal and regulatory stress tests - years of experience in market or credit liquidity risk preferred. Experience in financial services is strongly preferred. Background in math, statistics, finance, economics, risk management, operations research, or a similar field is preferred. 


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

America’s Most Innovative Companies, Fortune, World’s Most Admired Companies, Fortune Human Rights Campaign Foundation, Corporate Equality Index, % score, - , Disability: IN – % score, - “Most Just Companies”, Just Capital and CNBC, Dow Jones Sustainability Indices, Top performing company for Sustainability, Bloomberg’s Gender Equality Index (GEI),


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