Overview
Principal, Treasury Risk Framework Management
The Treasury Risk function is the second line of defence responsible for the oversight of liquidity risk, interest rate risk, investment portfolio mark-to-market risk, and capital risk at BNY Mellon. The team monitors Treasury's deployment of the firm's financial resources to businesses across the company, ensuring that risks and trade-offs are appropriately identified, measured, controlled, and reported. Treasury Risk works very actively with the other Risk & Compliance functions impacted by Treasury including Market Risk, Credit Risk, and Model Risk to understand a holistic risk profile of the business' risk taking. As BNY Mellon is a Global Systemically Important Bank (GSIB), the regulatory requirements and expectations for the Treasury and Treasury Risk are at the highest standard in the country.
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The Framework Management group is part of Treasury Risk and has the overall mandate to drive the design and operation of the Treasury Risk oversight framework, including policies, governance, procedures, standards, reports, practices, internal controls and quality control activities, as needed, to promote effective risk oversight, in alignment with firm's best practices and regulatory requirements. The Principal, who reports to the Global Head of Framework Management, will be an individual contributor and responsible for a variety of activities including:
- Support the development and ongoing application of the Group's risk oversight framework, practices, standards, internal controls, policies/procedures, reports and quality control activities to promote effective risk oversight of functional coverage including liquidity risk, interest rate risk, portfolio risk, and capital oversight
- Support consolidating firmwide risk information on the status of the oversight framework, controls, and quality of processes
- Support interactions with auditors, regulators, and compliance teams to ensure adherence to prescribed risk standards, regulations, and requirements
- Enhance risk issue identification process, logging, and resolution, working with the First-Line of Defense
- Hands-on review of quality, performing risk analysis on topics where there are identified process, control, and/or documentation weaknesses. Activities extend well beyond a more limited Audit capacity or Quality Assurance function
- Support developing internal committee and regulatory materials, including responses to related regulatory questions and examinations across regions
- Develop data analytics, reporting, and monitoring, ensuring accuracy and correctness, and develop appropriate tools
- Use existing strategic relationships to influence at all levels of the organization responsibilities and opportunity will evolve with the rapid development of the Framework Management Risk function, Treasury Risk function, and Risk & Compliance department
- Bachelor's Degree or the equivalent combination of education and experience is required
- Minimum of 8 years of total work experience required. 10-12 years of experience in market or liquidity risk preferred.
- Experience in financial services is required. Prior experience in math, statistics, finance, business administration, economics, risk management, operations research, engineering or a similar field is preferred.
- Ability to balance global needs against local and legal entity requirements. Ability to manage conflicts and mediate disagreements to build and enforce an effective global, consistent framework. Desire to work across entities and geographies to address oversight issues
- Ability to support the development and management of internal controls, policies, and procedures, including reporting on current state of risk management and processes. Knowledge of regulatory requirements and standards in the discipline
- Success at a global bank with a matrixed environment, working to harmonize global standards and any local needs
This position is at-will and the Company reserves the right to modify base salary (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.
Employer Description:
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 and 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.
EEO Statement:
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.