Vice President, Market and Liquidity Risk I

The Bank of New York Mellon seeks a Vice President, Market and Liquidity Risk I for its New York, NY location.

DUTIES: Ensure market or liquidity risk data analysis, reporting and monitoring are sound, accurate and being completed effectively and in a timely manner. Apply knowledge of market or liquidity risk management best practices and financial markets in support of analyzing, monitoring and measuring risk. Responsible for the daily interactions with other departments when investigating and validating reported changes in liquidity risk. Handle market or liquidity risk data analysis, reporting and monitoring and completes data sourcing, data aggregation and data management for the business(es) supported and for market or liquidity risk management, ensuring accuracy and correctness, develops appropriate tools, partnering with Technology where needed. Contribute to the establishment of the market or liquidity risk strategy for the business/business partner area ensuring the implementation of that strategy. Partner with the business to help them achieve their objectives within the Risk Appetite of the firm. Assist in the development and implementation of tools and procedures to measure and monitor multiple risks hierarchically and across the entire organization. Coordinate with technology staff in the development of new risk analysis, platform and data initiatives, and testing of modifications to the risk tools and processes. Interact 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. Build strategic relationships to influence at all levels of the organization. Liaise with internal and external auditors and regulators to ensure compliance to prescribed standards. Provide technical advice/guidance to less experienced Market or Liquidity Risk roles as needed. Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS: Bachelor's degree, or foreign equivalent, in Mathematics, Statistics, Economics, Accounting, Finance, Enterprise Risk Management or a related field, and three (3) years of experience in the job offered or in a related quantitative occupation in the financial services industry. Three (3) years of experience must include: Performing the end-to-end risk management process, including risk tools, framework, risk metrics, and limits to support review, challenge, and improve the existing risk oversight; Monitoring, reviewing, and challenging liquidity risk or related risk metrics, including the reporting accuracy and documentation robustness, to support and improve the existing risk management process; Conducting independent review and challenge of stress testing assumptions, documentation, and scenario analysis methodologies by utilizing relevant regulatory requirements as needed; Anticipating and addressing audit requests and regulatory related projects regarding the existing risk management framework, governance, and operations to adhere with appropriate internal and external standards; Identifying, documenting, and communicating identified challenges and issues to business partners, including conducting impact analysis, evaluating appropriateness and applicability of action plans, and actively tracking the status of open issues; and Developing and implementing Power BI or Tableau based dashboard, team-wide tools, strategies, and procedures including testing to measure, monitor, and document multiple risks. In the alternative, employer will accept a Master's degree, or foreign equivalent, and one (1) year of experience in the above-listed skills. Salary Range: $130,200.00 to $147,000.00/yr. Qualified applicants please apply online at https://bnymellon.eightfold.ai/careers and utilize reference code #66059. Please indicate "referral source - advertisement - WEB."

The Bank of New York Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary/range for this position is expected to be $130,200.00 to $147,000.00 per year at the commencement of employment. Base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY 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.