Job Description

Sr. Specialist Risk Manager, Treasury Risk Grade: K- Vice President Location: Pune/Chennai Summary: The Treasury department is responsible for the management of BNY Mellon’s $442 Billion balance sheet. It assumes a variety of risks in its activities to generate greater than $3 Billion in annual net interest income, largely through the monetization of the firm’s deposit base with a $156 Billion investment portfolio of fixed income securities. Additionally, the Treasury drives the allocation of the Firm’s financial resources across the company, balancing capital and liquidity needs and demands and works to create the appropriate financial incentives for the businesses using these scare resources. Description: The Portfolio Risk function is the second line of defense responsible for the oversight of the management of investment portfolio mark-to-market risk at BNY Mellon. The team monitors Treasury’s deployment of the Firm’s financial resources as investments in a global portfolio of structured and non-structured fixed income securities positioned across entities, ensuring that risks and trade-offs are appropriately identified, measured, controlled, and reported. Structured assets to name a few include ABS securities, Non-Agency securitized products and Collateralized Loan obligations. Non structured assets include Agency MBS, IG Corporate Credit, Sovereigns and Supranational securities. Key Treasury counterparts include the Portfolio Management Group, at the corporate level and across the world. Asset-Liability management, liquidity, and capital knowledge is critical to understanding deployment constraints and trade-offs. Portfolio Risk works very actively with the other Treasury Risk functions, and within Risk & Compliance functions relating to the management of mark-to-market risk including Traded Market Risk, Credit Risk, and Model Risk to understand a holistic risk profile of the business’ risk taking. The Portfolio Risk team also considers regulatory implications of investment activity. As BNY Mellon is a Global Systemically Important Bank (GSIB), the regulatory requirements and expectations for the Treasury and Treasury Risk are at the highest standard in the country. The Sr. Specialist, Portfolio Risk is an individual contributor working within the Portfolio Risk team and will be responsible for a variety of activities including:

• Develop an understanding of the end-to-end Risk Management process starting from Trade Capture, Models, and Risk limits across various asset classes. Build a foundation to review and challenge and improve the existing framework.
• Evaluate and present analysis on new risk-taking initiatives raised by Portfolio Management group.
• Perform in depth risk analysis, reporting, and monitoring, in line with established practices.
• Conducting deep dives on asset classes and individual securities as well as end-to-end risk management evaluations covering surveillance, valuation, impairment, and stress modeling.
• Assisting in producing content for the Treasury Risk control committees and Business Committee, while building the necessary expertise in the area to participate in the future where relevant.
• Engaging with portfolio managers and business partner areas in respect of new products, business process changes, or other emerging risks.
• Working closely with Risk Managers from Liquidity Risk and Interest Rate risk to gain a holistic understanding of the guiding principles in those work streams.
• Responsibilities and opportunity will evolve with the rapid development of the Portfolio Risk function, Treasury Risk function, and Risk & Compliance department.

• Bachelor’s Degree or the equivalent combination of education and experience is required. Master’s degree preferred.
• Experience: 7-10 years of total work experience preferred.
• Experience in financial services is preferred. Background in math, statistics, finance, economics, risk management, operations research, or a similar field is preferred.
• Discipline Requirements: Ability to analyze and report on financial products and financial risk, macroeconomic issues, interest rate risk, credit risk, liquidity risk, and relevant regulation. (e.g., Volcker, CCAR, DFAST, SLR, IRRBB).