Senior Specialist, Treasury and ALM

BNY Mellon
Lake Mary, USA
Mar 27, 2023
Apr 10, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
  • This position can be worked out of our offices in Pittsburgh, PA or Lake Mary, FL.
  • Independently provides expertise to the policy writing, liquidity assessments, analytical research, data gathering, calculations, modeling and forecasting related to controlling the risks associated with assets, liabilities, liquidity funding, capital and IRR management.
  • Interfaces with internal and external stakeholders and continues to build a broad range of knowledge spanning the range of treasury, capital and asset and liability categories across the organization and its varied products/services.
  • Often specializes in ALM matters such as Intraday Liquidity, Deposit Liabilities, Interest Rate Risk, Currency Risk, Capital Management and Planning, etc. and/or oversees the scope of activities for an assigned entity(ies).
  • Provides input into development of the ALM policy and strategy for assigned region or entity(ies) in alignment with Corporate guidance, and regulatory requirements. Manages the local/regional production and submission of Treasury related information to legal entity governance committees.
  • May advise more junior professionals on improving their knowledge and how to address more complex or unusual issues.
  • Collects financial data, validates, and populates various capital management, IRR, liquidity and asset/liability models or analyses.
  • Runs the model/analyses, conducts liquidity stress testing and reports on results. Ensures models are functioning as expected,, troubleshoots and reports on unexpected/undesired results.
  • Assesses risk inherent in any new or changing Bank products and adjusts model inputs. Internationally, reviews, analyzes and executes standard to complex capital and asset liability management activities.
  • Monitors compliance to internal and regulatory balance sheet metrics for assigned legal entities/ region and escalates any issues to senior management.
  • Provides technical guidance to less experienced team members on complex issues. Identifies opportunities to enhance ALM risk measurement and reporting.
  • Develops policies and procedures in line with regulatory requirements and Corporate guidance related to liquidity, capital and IRR aspects including underlying assumptions and limitations to risk management framework.
  • Ensures alignment to liquidity risk position and any regulatory requirements. Develops and documents liquidity self-assessments and liquidity funding contingency plans.
  • Prepares reports that provide clear and accurate analyses and that identify and track risks.
  • Ensures proper controls on the quality and integrity of reports produced for senior management and ALM committee processes.
  • Cultivates relationships with peers in the businesses, Risk Management, Finance and Corporate Treasury to ensure efficient collection of data/model inputs.
  • May provide advice on specific business decisions that will affect liquidity, capital or interest rate risk.
  • May represent the Bank in interactions with applicable regulators.
  • Monitors the regulatory environment, conducts applicable research and makes recommendations for responding to emerging/changing regulatory requirements affecting ALM, Capital or Liquidity Funding.
  • Conducts special projects and ad-hoc analyses/reporting as requested.
  • May serve as a project lead, engaging peers across the Bank and providing task oversight.
  • No direct reports.
  • Provides leadership to less experienced team members, guiding and coaching them on their work accuracy and quality.
  • Provides project leadership, including informal performance management of assigned project teams. Contributes to the achievement of functional objectives. Advice has direct impact on the risk or financial position of the entity(ies) supported.

Intraday Liquidity Functions
  • Conducts advanced research and analyses in support team members, other departments and senior manage tasked with controlling the risks associated with intraday liquidity management. Has built a foundational knowledge spanning the range of treasury categories across the organization and its varied products/services.
  • Collects complex financial data used in conducting various intraday liquidity models or stress testing analyses. Will develop intraday stress tests and will be responsible for scheduled completion of intraday stress tests. Reviews calculations for validity and accuracy, reporting on unexpected/undesired results and performing corrections as directed. Escalates unprecedented and complex issues to management. Reviews compliance against regulatory and/ or internal liquidity metrics and reports on findings. Assists and manages complex projects and performs user-acceptance testing in support of intraday liquidity system development efforts.
  • Will participate and lead discussions with treasury, risk and business professionals on allocation decisions and risk management. Contributes to the development of policies and procedures in line with regulatory requirements and Corporate guidance related to liquidity aspects including underlying assumptions and limitations to risk management framework. Provides supporting documentation and analyses for management reports/briefings. Cultivates relationships with peers in the businesses, Risk Management, Finance and Corporate Treasury to ensure efficient collection of data/model inputs. Can readily apply knowledge of the foundational regulations governing intraday liquidity functions to routine issues. Conducts ad-hoc analyses/reporting as requested.

  • Bachelor's degree or the equivalent combination of education and experience is required. Degree in math, engineering, statistics, computational finance or economics preferred. MBA, CFA, or CPA/CA preferred.
  • Relevant total work experience preferred.
  • Experience with liquidity stress testing, liquidity risk management, interest rate risk management, capital management and/or asset-liability management within large complex financial organizations preferred.

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 $89,500 and $175,000 per year 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 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:

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.
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