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SalaryBring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.
With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
Description:
The Liquidity Risk oversight function is the second line of defense within the Treasury Risk group responsible for the oversight of Liquidity Risk at BNY Mellon. The team’s mandate is to ensure that Liquidity Risk is identified, measured, controlled, reported, and monitored by first line of defense. The main responsibilities of the team include: the Independent review and challenge of the first line of defense’s Liquidity Risk management processes; Ownership of the Liquidity Risk metric and limit framework; Review and evaluation of the Liquidity Risk aspects of significant new products and services, business process changes, entity structures, acquisitions and divestures.
Key counterparts for the Liquidity Risk oversight function include the Treasury function, at the corporate level and across the international legal entity network. The Liquidity Risk oversight team works very closely with the other Treasury Risk teams, and with other groups within the Risk & Compliance function.
Liquidity knowledge is critical for the understanding of the liquidity’s constraints and trade-offs and for the identification and assessment of the firm’s funding and Liquidity Risks. The team also considers regulatory requirements and implications of balance sheet activities. As BNY Mellon is a Global Systemically Important Bank (GSIB), the regulatory requirements and supervisory expectations for Treasury and Treasury Risk are at the highest standard in the industry.
The Director is expected to be a strong contributor to Liquidity Risk team and will be responsible for a variety of activities including:
- Apply knowledge of market or Liquidity Risk management best practices and financial markets in support of analyzing, monitoring, and measuring risk.
- Understand the end-to-end Risk Management process, Models, and Risk limits to support review and challenge, and improvements to the existing framework.
- Work with senior management to ensure that the appropriate Liquidity Risk policies, methods, standards, processes, and training are developed, applied and understood by impacted stakeholders.
- Perform ongoing analysis and monitoring of risk exposures including liaising with business partners to understand and validate significant movements in risk metrics.
- Produce and deliver risk presentations to senior management. Anticipate and address Audit and regulatory concerns regarding the Liquidity Risk framework, governance, and operations to promote compliance with appropriate internal and external standards.
- In partnership with management, establish and support the Liquidity Risk strategy for the business area(s) and be accountable for ensuring the implementation of that strategy.
- Assist in the development and implementation of tools and procedures to measure and monitor multiple risks hierarchically and across the entire organization, including interacting with technology and first line colleagues. Develop and document processes to ensure consistency of practices within Treasury Risk.
- Manage existing processes to ensure accurate and timely implementation. Oversee, advise, and guide less experienced members of the Liquidity Risk function, as needed.
Requirements:
- Bachelor’s Degree or the equivalent combination of education and experience is required. Master’s degree preferred.
- Minimum of 15 years of total work experience with 10-12 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, engineering or a similar field is preferred. Knowledge of funding, cash flow projections, deposits (including operational and behavioral views), liquidity measures, liquidity stress testing and relevant regulation and supervisory expectations (e.g., LCR, Liquidity Program standards) is preferred.
Our Benefits:
BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.
BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $150,000 and $250,000 per annum at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM 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 (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.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
