BNY Mellon Careers

SrPrin, Mkt (Liq) Risk (Market Risk Mgr - Structured Products)

New York, New York

Job Description

Provide Market Risk coverage of Structured Products (ex. Non-Agency/Private Label RMBS as well as CLO's)  Roughly 80% MBS & 20% CLO's.  Products are accepted by BNY Mellon as collateral in Sec Lending transactions that we finance.
Partners with senior management to ensure that the appropriate market or liquidity risk policies, methods, standards, processes, and training are developed, applied and understood by impacted stakeholders. Applies comprehensive knowledge of market or liquidity risk analysis, monitoring processes and in-depth knowledge of the financial industry, technology and the requirements of regulatory bodies. Serves as a key resource to the head of market or liquidity risk and the business, and provides leadership to the group on risk analysis, monitoring, and regulatory issues. Oversees the management of all activities related to the development and production of risk platforms and metrics. Plans and implements the risk policies and procedures and internal controls across multiple businesses and locations. Interacts frequently with front office senior management and other business areas to provide inputs on issues related to trading, portfolio or liquidity risk, market or liquidity conditions, and regulatory matters. Develops infrastructure that is used to measure the Bank's risk taking activities related to trading and portfolio or liquidity management. Promotes broad understanding of risk controls and ensures they are communicated accurately to the target audience. No direct reports; oversees, advises and guides experienced Market or Liquidity Risk roles and likely directs their work. Responsibilities are primarily specialized to address the market or liquidity risk management needs for major global initiatives, large areas of the business, specific legal entities, or material events. Modified based upon local regulations/requirements.  


Bachelor s Degree or the equivalent combination of education and experience is required. Masters degree or PhD preferred. Family Requirements: 12-15 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, or a similar field is preferred. Discipline Requirements: Market Risk: Ability to analyze and report on financial products and financial risk, macroeconomic issues, interest rate risk, and relevant regulation (e.g., Volcker, CCAR, DFAST, SLR, IRRBB). Liquidity Risk: 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, LCR).

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 & 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:

Risk and Compliance provide risk and compliance services across all BNY Mellon businesses. Organizationally, Risk and Compliance includes the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Risk managers provide shared support to BNY Mellon for operational risk services for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. This is accomplished through business- and business partner-specific teams of professionals, under centralized global management.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-New York-New York
Internal Jobcode: 85211
Job: Risk
Organization: Risk-HR06016
Requisition Number: 1803610