SrGrpMgr, Mkt (Liq) Risk

BNY Mellon
Pune, India
25 May 2022
28 May 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

About the Company

Powering the Financial World Businesses, communities and global economies rely on us because we prioritize client experience, collaboration, innovation and resilience. As the "bank of banks," our unique perspective, informed by one of the largest datasets in the world, powers the financial industry. At BNY Mellon, we understand the best way to succeed at anything is to Consider Everything

BNY Mellon provides Investment management and Investment services that help individuals and institutions invest, conduct business and transact in markets all over the world. Headquartered in New York, BNY Mellon's 50,000 employees are located in 35 countries and serve more than 100 markets. BNY Mellon has made an unwavering commitment to systemic resiliency and continued digitization. Our open and objective stance on technology and innovation means that we work to develop solutions that can help reduce friction and increase transparency throughout the investment lifecycle

BNY Mellon is singularly focused on serving our clients, protecting them and the global markets in which they operate with world-class risk management and resiliency. We are using state of the art tools and technologies to build cutting-edge solutions that will take our clients and the industry into the future, transforming the way business is done today. We are looking for innovators, pathbreakers, unconventional minds who can challenge the norm, are not just excited about creating the vision, but equally passionate to bring that vision to life.

If you are a go-getter, agile in your thinking and working, have the entrepreneurial instincts, love to work for a Fortune 500 companies and are ready to make a difference, then we have the right career opportunity for you!

Job Tittle : Sr. Group Manager Risk Manager, Treasury Risk (Req -12186)

Role Description:

The Treasury department is responsible for the management of BNY Mellon's $442 Billion balance sheet. It assumes a variety of risks in its activities to generate greater than $3 Billion in annual net interest income, largely through the monetization of the firm's deposit base with a $156 Billion investment portfolio of fixed income securities. Additionally, the Treasury drives the allocation of the Firm's financial resources across the company, balancing capital and liquidity needs and demands and works to create the appropriate financial incentives for the businesses using these scare resources.

The Portfolio Risk function is the second line of defense responsible for the oversight of the management of investment portfolio mark-to-market risk at BNY Mellon. The team monitors Treasury's deployment of the Firm's financial resources as investments in a global portfolio of structured and non-structured fixed income securities positioned across entities, ensuring that risks and trade-offs are appropriately identified, measured, controlled, and reported. Structured assets to name a few include ABS securities, Non Agency securitized products and Collateralized Loan obligations. Non structured assets include Agency MBS, IG Corporate Credit, Sovereigns and Supranational securities. Key Treasury counterparts include the Portfolio Management Group, at the corporate level and across the world. Asset-Liability management, liquidity, and capital knowledge is critical to understanding deployment constraints and trade-offs. Portfolio Risk works very actively with the other Treasury Risk functions, and within Risk & Compliance functions relating to the management of mark-to-market risk including Traded Market Risk, Credit Risk, and Model Risk to understand a holistic risk profile of the business' risk taking. The Portfolio Risk team also considers regulatory implications of investment activity. 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.

Key Responsibilities: The Sr. Group Manager, Portfolio Risk is a manager working within the Portfolio Risk team and will be responsible for a variety of activities including:
  • Coordinate a group of senior Risk professionals to develop an understanding of the end to end Risk Management process starting from Trade Capture, Models, and Risk limits across various asset classes.
  • Build a foundation to review and challenge and improve the existing framework.
  • Evaluate and present analysis on new risk taking initiatives raised by Portfolio Management group.
  • Perform in depth risk analysis, reporting, and monitoring, in line with established practices.
  • Conducting deep dives on asset classes and individual securities as well as end-to-end risk management evaluations covering surveillance, valuation, impairment, and stress modeling.
  • Assisting in producing content for the Treasury Risk control committees and Business Committee, while building the necessary expertise in the area to participate in the future where relevant.
  • Engaging with portfolio managers and business partner areas in respect of new products, business process changes, or other emerging risks.
  • Working closely with Risk Managers from Liquidity Risk and Interest Rate risk to gain a holistic understanding of the guiding principles in those work streams.

Responsibilities and opportunity will evolve with the rapid development of the Portfolio Risk function, Treasury Risk function, and Risk & Compliance department.

Role Requirements: Bachelor's Degree or the equivalent combination of education and experience is required. Master's degree preferred.

Family Requirements: 16+ years of total work experience preferred. Experience in financial services is preferred. Background in math, statistics, finance, economics, risk management, operations research, or a similar field is preferred.

Discipline Requirements: Ability to analyze and report on financial products and financial risk, macroeconomic issues, interest rate risk, credit risk, liquidity risk, and relevant regulation. (e.g., Volcker, CCAR, DFAST, SLR, IRRBB).


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:
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