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Senior Vice President, Market and Liquidity Risk
Senior Vice President, Market and Liquidity Risk-November 2024
Pittsburgh
Nov 28, 2024
ABOUT BNY MELLON
You can make a difference by working at BNY Mellon, where finance, technology, and business intersect to power the global financial industry.
10,000+ employees
Financial Services, Technology
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About Senior Vice President, Market and Liquidity Risk

  Reference #: 49792The Treasury department is responsible for the management of BNY Mellon's $442 Billion balance sheet.  It assumes a variety of risks in its activities to generate greater than $3 Billion in annual net interest income, largely through the monetization of the firm's deposit base with a $156 Billion 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 scare resources.The Interest Rate Risk in the Banking Book (IRRBB) oversight function is the second line of defense responsible for the oversight of the Asset and Liability Management on IRRBB at BNY Mellon.  The team is meant to ensure that IRRBB is identified, measured, controlled, reported, and monitored by first line of defense; the main responsibilities include, but not limited to: Independently reviewing and challenging the first line of defense's IRRBB management processes; Owning the IRRBB limit framework; Reviewing and evaluating the IRRBB aspects of significant new products / services, business process changes, and entity structures/acquisitions/divestures changes.  Key Treasury counterparts include Corporate Treasury, at the corporate level and across the world.  Asset-Liability management, liquidity, and capital knowledge is critical to understanding deployment constraints and trade-offs.  IRRBB 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 Mellon 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.The Senior Vice President, Market & Liquidity Risk is an individual contributor working within the Portfolio Risk team and will be responsible for a variety of activities including:Develop an understanding of the end to end Risk Management process, Models, and Risk limits across various asset classes. Build a foundation to review and challenge and improve the existing framework.Evaluate and present analysis on new risk taking initiatives raised by IRRBB group.Perform in depth risk analysis, reporting, and monitoring, in line with established practices.Conducting deep dives on asset classes and individual securities as well as end-to-end risk management evaluations covering surveillance, valuation, impairment, and stress modeling.Assisting in producing content for the Treasury Risk control committees and Business Committee, while building the necessary expertise in the area to participate in the future where relevant.Engaging with portfolio managers and business partner areas in respect of new products, business process changes, or other emerging risks.Working closely with Risk Managers from Liquidity Risk and Interest Rate risk to gain a holistic understanding of the guiding principles in those work streams.Responsibilities and opportunity will evolve with the rapid development of the IRRBB Risk function, Treasury Risk function, and Risk & Compliance department.Minimum of 8 years of total work experience with 10-12 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 $111,000 and $158,000 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.

  BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.Minorities/Females/Individuals With Disabilities/Protected Veterans.

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