Overview
Senior Specialist, Treasury Risk
Bring 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 238 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.
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We're seeking a future team member for the role of Senior Specialist, Treasury Risk to join our Treasury Risk team. This role is located in Wroclaw - hybrid/remote.
Team Description:
This role will be part of the BNYM SA/NV Treasury risk and will also be part of the International Treasury Risk team and based in Poland. The BNYM SA/NV Treasury risk team is responsible for measuring, analysing, monitoring and reporting the IRRBB, portfolio, capital and liquidity risks of Corporate Treasury activities within the BNYM SA/NV Risk Management function. This role will report into BNYM SA/NV Head of Treasury Risk and will work closely with the International IRRBB Treasury Risk as well as the International Treasury risk teams, Corporate and Legal Entity Treasury and Finance's functions.
Job Purpose:
The aim of the role is to provide professional, value added and efficient treasury risk resource and service through supporting the processes for identification, analysis, monitoring and escalation of IRRBB exposure, resulting from the Corporate Treasury and Portfolio Management activity of BNY Mellon SA/NV and in general from Banking Book activities.
In this role, you'll make an impact in the following ways:
- Challenge and review the IRRBB risk identification process.
- Provide analysis, challenge and review of the IRRBB process regarding EVE, NII, earnings and IRRBB VaR as well as other related banking book risks, e.g. banking book FX positions (output and underlying assumptions).
- Perform limit calibration for IRRBB metrics.
- Produce internal risk reporting on legal entity level to challenge first line report and for senior management and committee review. Support consolidation at EMEA and BNYM Group level of risk reporting of the Legal Entity.
- Support the continued review of the Corporate Treasury framework for IRRBB (models and processes).
- Collaborate with BNYM SA/NV, International and Corporate Treasury risk teams (e.g. Liquidity, portfolio and capital risk) in order to assess cross risks and related impacts on the area of oversight.
- Collaborate and align with Corporate and International Treasury IRRBB risk teams for EMEA and BNYM Group's IRRBB oversight.
- Attend and participate to BNYM / Group committees as required for IRRBB matters.
- The role requires a thorough understanding of financial markets; banking book management of interest rate, FX, fixed income and money market trading and investment instruments, and the detailed process by which interest rate risks are measured and monitored.
- Understanding of interest rate risks (re-pricing risk, yield curve risk, basis risk and optionality), credit spread risk, FX risk and hedging techniques of interest rate risks.
- Understanding of interest rate risk (behavioral) models, sensitivities and metrics.
- Professional knowledge of MS Excel and Tableau.
- Programming and database skills desired (e.g. VBA, Python, R, SQL).
- Attention to detail, inquisitive and a high level of accuracy.
- Ability to communicate effectively and persuasively (oral, written).
- Fluency in English, both conversational and written.
- Master's degree in a numerate discipline required.
- Minimum of 5 years' relevant experience on IRRBB /Market risk required.
- Treasury market risk and asset and liability management experience desired.
- Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
- Bloomberg's Gender Equality Index (GEI)
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- Best Places to Work for Disability Inclusion , Disability: IN - 100% score
- 100 Best Workplaces for Innovators, Fast Company
- CDP's Climate Change 'A List'
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 is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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.