Description
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 238 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.
Team Overview:
We’re seeking a future team member for the role of VP, Market and Liquidity Risk, to join our Risk and Compliance team. Within the Market and Liquidity Risk, this specific role is in the Liquidity Risk Management team (Second line of defense) for the firmwide-analytics. This role is located in Wroclaw, Poland.
The team is responsible for regularly review and evaluate the adequacy and effectiveness of the BNY Mellon’s liquidity risk-management processes, including its liquidity stress test processes and assumptions.
In this role, you’ll make an impact in the following ways:
- Works with senior management to ensure the reporting and monitoring of liquidity risk analytics is sound and accurate
- Applies broad knowledge of liquidity risk management best practices, financial markets, trading instruments, and/or portfolio management in support of analyzing, monitoring and measuring risk.
- Makes risk mitigation recommendations for specific liquidity risks that exist within the assigned business/business partner area.
- Performs liquidity risk data analytics, reporting, and monitoring for the business(es) supported and for market or liquidity risk management, ensuring accuracy and correctness, develops appropriate tools, partnering with Technology where needed.
- Partners with the business to help them achieve their objectives within the Risk Appetite of the firm.
- Assists in the development and implementation of tools and procedures to measure and monitor multiple risks hierarchically and across the entire organization.
- With technology staff, develops and implements new risk analysis and platform and data initiatives, and tests modifications to the risk tools and processes.
- Interacts with traders and trading or portfolio management, or liquidity or treasury managers, to investigate and document any limit pre-approvals, excesses, extensions, breaches, and breach remediation in compliance with prescribed policies.
- Uses existing strategic relationships to influence at all levels of the organization.
- Liaises with internal and external auditors and regulators to ensure compliance to prescribed standards.
- No direct reports, oversees, advises and guides less experienced Liquidity Risk roles and may direct their work. Responsibilities are primarily specialized to address holistic liquidity risk management across regions, businesses and products. Modified based upon local regulations/requirements.
To be successful in this role, we’re seeking the following:
- Bachelor’s Degree or the equivalent combination of education and experience is required.
- 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 strongly preferred.
- Background in math, statistics, finance, economics, risk management, operations research, engineering or a similar field is preferred.
Discipline Requirements:
Liquidity Risk experience and/or data analytical skills preferred: Ability to assist with analysis of and reporting on funding, cash flow projections, deposits (including operational and behavioral views), liquidity measures, liquidity stress testing and relevant regulation (e.g. CLAR/ILAA, Reg YY, LCR, NSFR).
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
- Bloomberg’s Gender Equality Index (GEI)
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- Best Places to Work for Disability Inclusion, Disability: IN - 100% score
- 100 Best Workplaces for Innovators, Fast Company CDP’s Climate Change ‘A List’
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