BNY Mellon Careers

Portfolio Manager - EMEA Corporate Treasury

London, United Kingdom

Job Description

Job Title: Portfolio Manager – EMEA Corporate Treasury (based in London)

Department: International Treasury, Corporate Treasury Department

Reports to: Head of EMEA Money Markets Investments

The EMEA Money Market Investment desk is responsible for the overall execution of funding and liquidity management strategies with the goal of maximizing net interest income and reducing balance sheet costs whilst staying in compliance to all regulatory limits and balance sheet constraints. 

The Portfolio Manager will a key member of the EMEA Money Market Investment Desk and is responsible for managing the EMEA investment portfolio. The investment portfolio is invested in eligible securities, which would generally support the desk in meeting the internally assessed liquid asset buffer (LAB) requirements or regulatory high quality liquid assets (HQLA) requirements, for the purposes of maintaining adequate liquidity.


Responsibilities of Portfolio Manager:

1. Managing the execution and performance of EMEA securities investment portfolio, including all aspects of risk management covering credit, market and liquidity risk

2. Monitoring of markets and due diligence across treasuries, sovereign, supranational and covered bonds to identify investment opportunities

3. Together with team members, develop investment strategies for EMEA portfolios with the aim of optimising returns and balance sheet, while staying within risk appetite

4. Monitoring of activities related to the investment portfolio, while adhering to the legal entity and corporate level investment guidelines

5. Day-to-day management of the legal entity liquid asset buffer requirements and testing of sources of liquidity identified in legal entity contingency funding plans

6. As part of the EMEA Money Market Investment Desk, contribute to funding and liquidity management in compliance to all internal and external regulatory limits including LCR, Volcker limits, market limits, credit limits, large exposure limits, capital limits, as required

7. Ensuring strong systems, controls and processes in place, e.g. adhering to trader mandates

8. Provide treasury investment portfolio execution coverage for other legal entities in EMEA, as required

To perform this role the candidate will need prior front-office portfolio management experience including strong working knowledge of the fixed income market, strong treasury product knowledge, strong risk management skills and understanding of regulations governing the business, and good understanding of funding and liquidity management strategies.  The candidate will also need to have strong written and communication skills


The technical skills, knowledge and qualification required for this role are summarised below:

• Treasury front office rates trading experience, with track record in areas of treasuries, SSA, covered bonds and/or interest rates derivatives

• Good understanding of fixed income market, macroeconomics and yield curve dynamics across major currencies

• Prior experience of managing a securities portfolio (preferably from a Bank Portfolio/Treasury setup)

• University educated or relevant work experience

• Strong risk management skills and understanding of the regulatory environment

• Strong written and communication skills

• Sound judgement and decision making skills

• Team player

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater London-London
Job: Finance/Accounting
Internal Jobcode: 85262
Organization: Corporate Treasury-HR06004
Requisition Number: 1809910