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    Senior First Line Risk Officer - New York, NY, United States - BNY Mellon

    BNY Mellon
    BNY Mellon New York, NY, United States

    2 weeks ago

    BNY Mellon background
    Description
    Overview

    Bring your ideas. Make history.
    BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.

    With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

    We're seeking a future team member for the role of Senior First Line Risk Officer to join our Global Markets Trading - First Line Exposure and Optimization team. This role is located in New York City, NY - HYBRID.

    In this role, you'll make an impact in the following ways:
    • Engage in credit underwriting:
    • Perform client portfolio analysis (including Stress Testing and other ad hoc portfolio analysis)
    • Perform ad-hoc reviews for prospects and/or any limit modifications that need to be approved by the Credit Committee
    • Propose quantitative risk methodologies related to derivatives activities (margin methodologies, stress methodologies, funding impact etc.)
    • Contribute to Market's compliance with the Risk Management Framework by assessing risks, monitoring the adequacy and effectiveness of the control environment, and monitoring and challenging business activities.
    • Assist with the development of reporting on output of risk management activities.
    • Responsible for creating client exposure and risk/return monitoring, liaising on remediation activities together with business partners.
    • The candidate will be tasked to work in partnership with 2LoD, Business Management, leveraging existing risk monitoring frameworks where applicable.
    • Support appropriate completion of steps involved in identifying possible risks during the creation or modification of new products and processes and all non-standard business acceptance events.
    • The candidate will help coordinate relevant counterparty "Fire drill" and "work outs", supporting the Head of First Line Exposure and Optimization and various firm stakeholders.

    To be successful in this role, we're seeking the following:
    • Master's degree of a quantitative discipline (Math, Science/Engineering or Quantitative Finance) or equivalent required
    • Strong communication and analytical skills
    • Ability to appropriately interact with the Line of Business
    • Experience in the financial services industry preferred
    • 7 - 10 years of total work experience required


    At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:
    • Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion, 2023
    • Bloomberg's Gender Equality Index (GEI), 2023
    • Human Rights Campaign Foundation, Corporate Equality Index, 2023
    • Best Places to Work for Disability Inclusion , Disability: IN - 100% score, 2023
    • Dow Jones Sustainability Indices, Top performing company for Sustainability, 2023
    • Forbes Blockchain 50, 2023

    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 is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

    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 $97,000 and $179,000 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:

    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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