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Description:
The Treasury department is responsible for the management of BNY Mellon’s balance sheet. It assumes a variety of risks in its activities to generate net interest income, largely through the monetization of the firm’s deposit base through its 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 scarce resources.
The Liquidity Risk oversight function is the second line of defense responsible for the oversight of the Liquidity Risk at BNY Mellon. The team is meant to ensure that Liquidity Risk is identified, measured, controlled, reported, and monitored by first line of defense; the main responsibilities include, but not limited to: Independently reviewing and challenging the first line of defense’s Liquidity Risk management processes; Owning the Liquidity Risk limit framework; Reviewing and evaluating the Liquidity Risk aspects of significant new products / services, business process changes, and entity structures/acquisitions/divestures changes. Key Treasury counterparts include Corporate Treasury, at the corporate level and across the world. Liquidity knowledge is critical to understanding deployment constraints and trade-offs. Liquidity Risk oversight team works very actively with the other Treasury Risk functions, and within Risk & Compliance functions relating to interest rate risk. The team also considers regulatory implications of balance sheet 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 Principle is an individual contributor working within the Liquidity Risk team and will be responsible for a variety of activities including:
Requirements:
BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $111,000 and $158,000 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.
Full Time
$76k-112k (estimate)
01/27/2024
05/11/2024