Principal, Market Risk (Trading Desk Coverage)
Posted on: 12 Feb 2021
Pittsburgh, PA
Job Description
t
* Responsible for the ongoing independent oversight and challenge of day-to-day market risk management activities of BNY Mellons trading desks.
t
* Key elements of the role include limit setting, limit monitoring, product and process change assessment, new business approval and front office challenge.
t
* Daily tasks will include review and sign off of quantitative metrics including but not limited to Value-at-Risk, Stressed Value-at-Risk, Greeks and Stress Tests.
t
* Work closely with quant and modelling team to perform ad-hoc analysis including explaining drivers of VaR/SVaR, analyzing historical risk usage, and signing off on model changes.
t
* Use strong familiarity with the assigned business lines to anticipate, assess, monitor and report on market and strategic risks inherent to the assigned business line.
No direct reports, but provides guidance to more junior team members and may assign tasks, as needed.
Qualifications
t
* 3-7 years risk management experience and/or trading desk experience with a particular focus in Interest Rate Derivatives and FX Markets.
t
* Strong quantitative knowledge including derivative pricing, Greeks, P&L attribution and statistical analysis (ideally Master or PhD)
t
* Strong excel skills required; database programming (SQL and Python) beneficial as well
BNY Mellon
New York, New York
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
-
IndustryBanking/Financial Services
-
No. of Employees49,800
-
Website
-
Jobs Posted1742
