What are the responsibilities and job description for the Vice President I, Data Management - Counterparty Credit Risk position at BNY Mellon?
Overview
Vice President I, Data Management - 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 Vice President, Operational Risk to join our BNY Investments Risk team. This role is located in Pittsburgh, PA in a Hybrid work environment.
About the team:
Welcome to Market and Counterparty Credit Risk Data and Controls team! We are a team of investigators, problem-solvers, and data experts within DART (Data, Analytics, Reporting and Transformation) in our Risk and Compliance function. On a daily basis, the team is responsible for performing quantitative and qualitative controls and analytics on market risk and counterparty credit risk data that are consumed by our VaR and CPFE engines. In addition, we develop, manage, and produce reports; work closely with our partners in Counterparty Credit Risk, Risk Modeling, Technology, and Operations; validate our key risk metrics; investigate issues; and coordinate resolution. You can encounter a different challenge everyday.
In this role, you will:
Develop a deep understanding of our end to end Counterparty Credit Risk reporting process by performing daily reporting functions such as quality control checks of our risk engine inputs and outputs, diagnosing reporting issues and coordinating resolution
Act as an SME and key support for the new US Fed Weekly Counterparty Credit Risk report which is scheduled to go live in Feb 2025
Work closely with our partners in Counterparty Credit Risk to review reports and key metrics, generate key materials for various committees meetings and presentations
Utilize your knowledge in Counterparty Credit Risk, identify gaps in our current process and help build and design resolution to address these gaps
Provide business requirements to be implemented by Technology
Participate in our risk engine migration testing
Apply broad knowledge of risk management best practices, financial markets, trading instruments, and/or portfolio management in support of analyzing, monitoring and measuring risk
Partner with the business to help them achieve their objectives within the Risk Appetite of the firm. Assist in the development and implementation of tools and procedures to measure and monitor multiple risks hierarchically and across the entire organization
Use existing strategic relationships to influence at all levels of the organization.
To be successful in this role, we’re seeking the following:
3-5 years of experiences in counterparty credit risk and or front office risk preferred
Background in math, statistics, finance, economics, risk management, operations research, or a similar field preferred
Broad understanding of major financial instruments and their associated risk profiles
Being able to extract and analyze large volume of data using technical tools such as SQL, VBA, Python, etc
Had experiences in building dashboards/reports using Tableau and/or Power BI
Ability to think strategically and independently
Highly detail oriented, organized, and analytical
Excellent written and verbal communication skills, including the ability to translate business needs to clear and concrete requirements for Technology to implement
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 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.
Vice President I, Data Management - 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 Vice President, Operational Risk to join our BNY Investments Risk team. This role is located in Pittsburgh, PA in a Hybrid work environment.
About the team:
Welcome to Market and Counterparty Credit Risk Data and Controls team! We are a team of investigators, problem-solvers, and data experts within DART (Data, Analytics, Reporting and Transformation) in our Risk and Compliance function. On a daily basis, the team is responsible for performing quantitative and qualitative controls and analytics on market risk and counterparty credit risk data that are consumed by our VaR and CPFE engines. In addition, we develop, manage, and produce reports; work closely with our partners in Counterparty Credit Risk, Risk Modeling, Technology, and Operations; validate our key risk metrics; investigate issues; and coordinate resolution. You can encounter a different challenge everyday.
In this role, you will:
Develop a deep understanding of our end to end Counterparty Credit Risk reporting process by performing daily reporting functions such as quality control checks of our risk engine inputs and outputs, diagnosing reporting issues and coordinating resolution
Act as an SME and key support for the new US Fed Weekly Counterparty Credit Risk report which is scheduled to go live in Feb 2025
Work closely with our partners in Counterparty Credit Risk to review reports and key metrics, generate key materials for various committees meetings and presentations
Utilize your knowledge in Counterparty Credit Risk, identify gaps in our current process and help build and design resolution to address these gaps
Provide business requirements to be implemented by Technology
Participate in our risk engine migration testing
Apply broad knowledge of risk management best practices, financial markets, trading instruments, and/or portfolio management in support of analyzing, monitoring and measuring risk
Partner with the business to help them achieve their objectives within the Risk Appetite of the firm. Assist in the development and implementation of tools and procedures to measure and monitor multiple risks hierarchically and across the entire organization
Use existing strategic relationships to influence at all levels of the organization.
To be successful in this role, we’re seeking the following:
3-5 years of experiences in counterparty credit risk and or front office risk preferred
Background in math, statistics, finance, economics, risk management, operations research, or a similar field preferred
Broad understanding of major financial instruments and their associated risk profiles
Being able to extract and analyze large volume of data using technical tools such as SQL, VBA, Python, etc
Had experiences in building dashboards/reports using Tableau and/or Power BI
Ability to think strategically and independently
Highly detail oriented, organized, and analytical
Excellent written and verbal communication skills, including the ability to translate business needs to clear and concrete requirements for Technology to implement
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 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.
