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    Vice President, Market and Liquidity Risk I - Pittsburgh, United States - BNY Mellon

    BNY Mellon background
    Description

    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. BNY also operates in a number of countries which exposes it to the impact of changes in FX rates on earnings and capital.

    The Treasury Risk function is the second line of defense responsible for the oversight of liquidity risk, interest rate risk, investment portfolio mark-to-market risk, and capital risk at BNY Mellon.

    The Framework Management group is part of Treasury Risk and has the overall mandate to drive the design and operation of the Treasury Risk oversight framework, including policies, governance, procedures, standards, practices, internal controls and quality control activities to promote effective risk oversight, in alignment with firm's best practices and regulatory requirements.

    The Vice President will be responsible for a variety of activities including:

    • Assist in the development and ongoing application of the group's risk oversight framework, practices, standards, internal controls, policies/procedures, and quality control activities to promote effective risk oversight
    • Functional coverage includes liquidity risk, interest rate risk, portfolio risk, and capital oversight
    • Support the execution of the firm-wide Treasury Risk limit framework
    • Analyze and develop data analytics, reporting, monitoring, and tools to ensure accuracy and appropriateness
    • Partner with technology staff to create, develop, and implement new risk analysis platform and data initiatives
    • Develop procedures, training materials, and related documents to ensure continued adherence with firm-wide policies and promote consistency in risk reporting practices
    • Provide support for audit and regulatory reviews

    Responsibilities and opportunity will evolve with the rapid development of the Framework Management Risk function, Treasury Risk function, and Risk & Compliance department.

    Requirements:

    • Bachelor's Degree or the equivalent combination of education and experience is required
    • Minimum of 3 years of total work experience with 4-7 years of experience in market or liquidity risk preferred. Experience in financial services is preferred
    • Background in math, statistics, finance, economics, business, risk management, operations research, engineering or a similar field is preferred
    • Desire to work across entities and geographies, and ability to manage conflicts and mediate disagreements to build and enforce an effective risk framework

    Our Benefits:

    BNY Mellon 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 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 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.

    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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