BNY Mellon Careers

SrSpec, Mkt (Liq) Risk (Desk Facing Market Risk)

New York, New York

Job Description

This is a desk facing Market Risk role requiring in-depth engagement with Traders.  You will assist senior Risk Managers with designing, improving and building (automating) new analytics production and reporting capabilities for consumption by the Trading desk, senior Trading and Risk Management, and board reporting.

The ability and passion to learn whatever is necessary to get the job done successfully is mandatory.  You must thrive on operating in unknown territory and taking on responsibility that may not necessarily be squarely within the purview of your role.  You must be highly quantitative, have some programming experience, and have enough experience with VaR, stress testing and error diagnostics that it’s second nature.  Must have enough familiarity with IR Derivatives, FX products, Capital Markets products and product pricing to understand the interrelationships and to know when something looks wrong.

There will be ample opportunity to take ownership of initiatives, create your own initiatives, and grow in many different directions.  Role will evolve in whichever direction your aptitudes and interests take you.

Works with senior management to ensure the reporting and monitoring of market or liquidity risk analytics is sound and accurate. Assigned business/business partner areas are large and highly complex. Applies broad knowledge of market or liquidity 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 or liquidity risks that exist within the assigned business/business partner area. Recognized throughout the Risk organization and the business as a market or liquidity risk point of contact and subject matter expert for a particular business/business partner area. Handles market or liquidity risk data analysis, reporting, and monitoring for the business(es) supported and for market or liquidity 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 liquidity or treasury managers, to investigate and document any limit pre-approvals, excesses, extensions, breaches, and breach remediation in compliance with prescribed policies. 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 or Liquidity Risk roles and may direct their work. Responsibilities are primarily specialized to address the market or liquidity 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.  


Bachelor 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).
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
Job: Risk
Organization: Risk-HR06016
Requisition Number: 1900393