- 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 and effectively communicate policies, standards, and enhancements across stakeholders
- 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 policies and promote consistency in risk reporting practices
- Maintain Treasury Risk limit tools and perform data quality control to ensure timely and accurate data records
- Identify and resolve data integrity issues, providing guidance and best practices as needed
- Analyze and develop data analytics, reporting, monitoring, and tools to ensure accuracy and appropriateness
- Bachelor's Degree or the equivalent combination of education and experience is required
- Minimum of 4-7 years of relevant 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
- 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.
Vice President, Market and Liquidity Risk I - Pune, India - BNY Mellon
Description
Vice President, Treasury Risk Framework Management
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 239 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 Vice President to join our Treasury Risk Framework Management. This role is located in Pune.
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.
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 team monitors Treasury's deployment of the firm's financial resources to businesses across the company, ensuring that risks and trade-offs are appropriately identified, measured, controlled, and reported. Treasury Risk works very actively with the other Risk & Compliance functions impacted by Treasury including Market Risk, Credit Risk, and Model Risk to understand a holistic risk profile of the business' risk taking. 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 Framework Management group is part of Treasury Rik and has the overall mandate to drive the design and operation of the Treasury Risk oversight framework, including policies, governance, procedures, standards, reports, practices, internal controls and quality control activities, as needed, to promote effective risk oversight, in alignment with firm's best practices and regulatory requirements.
The Specialist will part of the Treasury Risk Framework Management team and responsible for a variety of activities including:
Responsibilities and opportunity will evolve with the rapid development of the Framework Management function, Treasury Risk function, and Risk & Compliance department.
Requirements:
Our Benefits:
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.