Vice President, Market Risk Reporting Automation Lead

BNY Mellon
New York, USA
Jun 07, 2023
Jun 23, 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

Team Description; Role function on team:

This position will be the lead reporting automation specialist, expert in Tableau, Power BI, Python, SQL, VBA, and MDX for OLAP cubes, interfacing with technology teams and provide innovative solutions to trading books market risk reporting, which are required by Basel (FRTB & Basel III), Volcker, SEC, NFA regulations. This position requires a unique combination of expert database knowledge with finance and market risk experience, and to have the ability to translate business requirements into executable technology strategies. The candidate should have the ability to fully interpret business concepts and turn into technology prototypes to help formulate business requirements. Strong risk architecture design background and product life cycle and implementation. Good understanding of market risk regulatory landscape and especially in FRTB market risk rules (SA).

  • Works with senior management to ensure the reporting and monitoring of market risk analytics is sound and accurate. Assigned business/business partner areas are large and highly complex. Applies broad knowledge of market risk management best practices, financial markets, trading instruments, and/or portfolio management in support of analysing, monitoring and measuring risk. Makes risk mitigation recommendations for specific market risks that exist within the assigned business/business partner area.
  • Recognized throughout the Risk organization and the business as a market risk point of contact and subject matter expert for a particular business/business partner area. Handles market risk data analysis, reporting, and monitoring for the business(es) supported and for market risk management, ensuring accuracy and correctness; develops appropriate tools, partnering with Technology where needed.
  • Partners with the business to help them achieve their objectives within the Risk Appetite of the firm. Assists in the development and implementation of tools and procedures to measure and monitor multiple risks hierarchically and across the entire organization. With technology staff, develops and implements new risk analysis and platform and data initiatives, and tests modifications to the risk tools and processes. Interacts with traders and trading or portfolio management, or treasury managers, to investigate and document any limit pre-approvals, excesses, extensions, breaches, and breach remediation in compliance with prescribed policies.
  • Ability to communicate at all levels, possesses good presentation skills. Uses existing strategic relationships to influence at all levels of the organization. Liaises with internal and external auditors and regulators to ensure compliance to prescribed standards. No direct reports. May advise and guide less experienced Market Risk reporting and technology colleagues.
  • Responsibilities are primarily specialized to address the market risk management needs of a particular business/business partner area and business risk appetite. However, tasks often produce cross-regional impacts. Modified based upon local regulations/requirements.

  • Bachelor's Degree or the equivalent combination of education and experience is required. Masters degree or PhD preferred.
  • 8+ years 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.
  • Market Risk: Ability to analyze and report on financial products and financial risk, macroeconomic issues, interest rate risk, and relevant regulation (e.g., Volcker, CCAR, DFAST, SLR, IRRBB).
  • Liquidity Risk: Ability to assist with analysis of and reporting on funding, cash flow projections, deposits (including operational and behavioral views), liquidity measures, liquidity stress testing and relevant regulation (e.g. CLAR/ILAA, LCR).

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 $108,000 and $200,000 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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