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SrSpec, Mkt (Liq) Risk (Market Risk Reporting Automation Architect)
This position will be the lead reporting automation specialist, expert in Tableau, SQL, and MDX for OLAP cubes, interfacing with technology teams and provide innovative solutions to trading books market risk reporting, which are required by Basel, Volcker, SEC, NFA regulations. This position requires a unique combination of expert database knowledge with finance and market risk experience, and to have the ability to translate business requirements into executable technology strategies. The candidate should have the ability to fully interpret business concepts and turn into technology prototypes to help formulate business requirements.
Works with senior management to ensure the reporting and monitoring of market risk analytics is sound and accurate. Assigned business/business partner areas are large and highly complex. Applies broad knowledge of market 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 market risks that exist within the assigned business/business partner area.
Recognized throughout the Risk organization and the business as a market risk point of contact and subject matter expert for a particular business/business partner area. Handles market risk data analysis, reporting, and monitoring for the business(es) supported and for market 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 treasury managers, to investigate and document any limit pre-approvals, excesses, extensions, breaches, and breach remediation in compliance with prescribed policies.
Ability to communicate at all levels, possesses good
presentation skills. 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 Market Risk roles and may direct
their work. Responsibilities are primarily specialized to address the market
risk management needs of a particular business/business partner area and
business risk appetite. However, tasks often produce cross-regional impacts.
Modified based upon local regulations/requirements.
QualificationsBachelor s Degree or the equivalent combination of education and experience is required. Family Requirements: 7-10 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, 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: bnymellon.com/careers.
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: 85209
Requisition Number: 1806444