Vice President, First Line Risk

THE BANK OF NEW YORK MELLON CORPORATION

Vice President, First Line Risk

Salary Not Specified

THE BANK OF NEW YORK MELLON CORPORATION, Perivale, Ealing

  • Full time
  • Permanent
  • Onsite working

Posted 2 weeks ago, 17 May | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: 3936b8302205466282ab7c3ce689fe3e

Full Job Description

Perform client portfolio analysis (including Stress Testing and other ad hoc portfolio analysis)
Perform ad-hoc reviews for prospects and/or any limit modifications that need to be approved by the Credit Committee
Propose quantitative risk methodologies related to derivatives activities (margin methodologies, stress methodologies, funding impact etc.)
Contribute to Market's compliance with the Risk Management Framework by assessing risks, monitoring the adequacy and effectiveness of the control environment, and monitoring and challenging business activities.
Assist with the development of reporting on output of risk management activities.
Responsible for creating client exposure and risk/return monitoring, liaising on remediation activities together with business partners.
The candidate will be tasked to work in partnership with 2LoD, Business Management, leveraging existing risk monitoring frameworks where applicable.
Support appropriate completion of steps involved in identifying possible risks during the creation or modification of new products and processes and all non-standard business acceptance events.
The candidate will help coordinate relevant counterparty "Fire drill" and "work outs", supporting the Head of First Line Exposure and Optimization and various firm stakeholders.

Master's degree of a quantitative discipline (Math, Science/Engineering or Quantitative Finance) or equivalent
Strong communication and analytical skills
Ability to appropriately interact with the Line of Business
Experience in the financial services industry.
A number of years total work experience

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 240 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., 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.

At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:
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'

Our Benefits:
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.