BNY Mellon Market Risk Manager in Brussels, Belgium
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 & 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.
Risk and Compliance provide risk and compliance services across all BNY Mellon businesses. Organizationally, Risk and Compliance includes the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Risk managers provide shared support to BNY Mellon for operational risk services for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. This is accomplished through business- and business partner-specific teams of professionals, under centralized global management.
This role will be part of the EMEA Market and Liquidity Risk team within EMEA Risk Management with a focus on BNY Mellon’s entities in continental Europe and will be based in Brussels, Belgium or London, England, acting as the single onsite Market and Liquidity Risk subject-matter expert.
The EMEA Market and Liquidity Risk team (based in London) is responsible for analysing, monitoring and reporting the market and liquidity risks of BNY Mellon’s Corporate Treasury and Markets Group activities for the EMEA region. The team also supports the ICAAP pillar 2 stress testing processes for trading and banking book activities. The team interacts with the business and the business control partners, as well as BNYM Risk Management in EMEA and at the corporate centre. This role will jointly report into the EMEA Senior Market Risk Manager and local CRO, and will work closely with the local Risk Management, Stress Testing and ICAAP, and Finance functions.
- Job Purpose:*
The aim of the role is to provide professional, value added and efficient Market and Liquidity Risk resource and service through the identification, analysis, monitoring and escalation of market and liquidity risk exposures, resulting from the Corporate Treasury and Markets Group activities of BNY Mellon in EMEA, with a focus on the investment portfolios managed by Corporate Treasury.
Responsible for reporting and monitoring of Corporate Treasury market and liquidity risks on a daily basis according to prescribed Market Risk Policies. Produce Corporate Treasury market risk reporting in a timely and accurate manner, ensuring correctness.
Responsible for scenario analysis and stress testing of non – traded market risk under various (behavioural) market conditions.
Produce periodic market and liquidity risk reporting for senior management and committee review, and to support financial and regulatory disclosures.
Membership of local ALCO and Risk Management Committee.
Proven relevant experience required.
Treasury risk or asset and liability management experience required.
The role requires a thorough understanding of financial markets; investment portfolio management: FX, fixed income and money market trading and investment instruments, and the detailed process by which market and liquidity risks are measured and monitored.
Understanding of interest rate risk (re-pricing risk, yield curve risk, basis risk and optionality), credit spread risk and FX risk (net open, forward FX risk).
Understanding of historical VaR models, PV01 & CS01 sensitivity.
Excellent knowledge of MS Excel, MS Access and MS Word (including VBA and SQL).
Attention to detail and a high level of accuracy.
Ability to communicate effectively and persuasively (oral, written).
Experience of working in a stand-alone role.
Fluency in Dutch or French and English, both conversational and written.
BNY Mellon is an Equal Employment Opportunity Employer.*
Primary Location:* Belgium-Brussels-Capital Region-Brussels
Internal Jobcode:* 50019
Requisition Number:* 1603268