Senior Vice President, Counterparty Risk - Stress Test Reporting
Overview
Senior Vice President, Counterparty Credit Risk
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Senior Vice President to join our Counterparty Credit Risk team. This role is be located New York, NY in a Hybrid work environment.
About the team:
Counterparty Credit Risk ("CCR") is a 2nd Line-of-Defense function within Credit Risk that will enhance oversight and controls over CCR metrics. The Senior Vice President will be responsible for counterparty credit risk management and reporting, including stress testing development and review, as well as providing leadership for governance functions, presenting to key oversight committees, and acting as a regulatory liaison.
In this role, you'll make an impact in the following ways:
• Work with senior management roles to ensure that the appropriate counterparty credit risk and collateral management policies, methods, standards, processes, and training are developed, applied and understood by impacted stakeholders. Applies extensive knowledge of market or liquidity risk analysis, monitoring processes and in-depth knowledge of the financial industry, technology and the requirements of regulatory bodies in support of managing and analyzing risk. Recognized throughout the Risk organization and the businesses as the counterparty credit and collateral risk point of contact and subject matter expert.
• Produces (and may deliver) risk presentations to senior management and regulators. Anticipates and addresses Audit and regulatory concerns regarding the counterparty credit risk framework, governance, and operations. In partnership with management, establishes the counterparty credit risk strategy for the business area(s) and is accountable for ensuring the implementation of that strategy, including the appropriate analysis, review and approval of collateral for businesses.
• Manage all activities related to the development and production of counterparty credit risk platforms and metrics. Plans and implements the risk policies and procedures and internal controls across multiple businesses and locations.
• Discuss and negotiate technical requirements and multi-departmental solutions, designs and implements innovative, efficient, auditable processes, and documents results for all levels of management.
• Design solutions for counterparty credit risk management that are aligned with evolving regulatory requirements, audit and compliance scrutiny and industry best practices.
• Responsibilities are primarily specialized to address the counterparty credit risk management needs for major global initiatives, large areas of the business, specific legal entities, or material events.
To be successful in this role, we're seeking the following:
• Bachelor's Degree or the equivalent combination of education and experience is required. Masters degree preferred.
• Market Risk: Ability to analyze and report on counterparty credit risk metrics and to develop and analyze the impact of internal and regulatory stress tests
• 10-12 years of experience in market or credit liquidity risk preferred. Experience in financial services is strongly preferred. Background in math, statistics, finance, economics, risk management, operations research, or a similar field is preferred.
At BNY, our culture speaks for itself. Here's a few of our awards:
• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion , Disability: IN - 100% score, 2023-2024
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY 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, including paid volunteer time, that can support you and your family through moments that matter.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $113,000 and $166,000 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: bnymellon.com/careers.
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.
