Overview
The Bank of New York Mellon seeks a Vice President, Line of Business Risk II in New York NY, to contribute to the ongoing independent oversight and challenge of day-to-day risk management activities, client, product and process change risk assessments and risk reporting for an assigned business line/entity risk facing a moderate level of risk. Remote work may be permitted within a commutable distance from the worksite. REQUIREMENTS: Bachelor’s degree, or foreign equivalent, in Mathematics, Statistics, Financial Engineering, Economics, or a related field, and seven (7) years of experience in the job offered or in a related quantitative occupation. Seven (7) years of experience must include: Utilizing financial products, including Equity products, Fixed Income products, OTC derivatives, and associated market risk profiles to perform risk analysis and reporting for both internal groups and regulators; Validating simulation based VaR and Stress VaR model calculations by evaluating quality of market data, analyzing pricing and risk impact data, and investigating calculation anomalies; Building automation tools to extract and aggregate data, and streamline risk reporting production; Driving projects that involve multiple teams including front office, controllers, modelling, and technology; Designing processes and workflows to streamline controls over data reconciliation and account integrity; and Performing analysis on a large volume of data using Excel/VBA, SQL and Python. Salary Range: $183,290.00 - $183,290.00/yr. Qualified applicants please apply online at https://bnymellon.eightfold.ai/careers and utilize reference code #55669. Please indicate “referral source – advertisement – WEB.”
BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary/range for this position is expected to be $183,290.00 to $183,290.00 per year at the commencement of employment. 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.