Vice President, Data Management & Quantitative Analysis

The Bank of New York Mellon Corporation

New York, NY, United States

17 days ago

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Role details

Contract type

Permanent contract

Employment type

Full-time (> 32 hours)

Experience level

Expert

Experience required

6 years minimum

Working hours

Regular working hours

Job source

Artificial Intelligence Data Management

Join the First Line Exposure Optimization Team with focus on the Securities Finance (Equities and Fixed Income) Businesses.
Governance & Monitoring: Monitor and manage the Securities Finance financial risks in partnership with 2^nd Line Risk.
Help expand the various house margins/ haircut methodologies built in coordination with 2^nd Line Risk.
Assess the risk and reward of the existing portfolio and analyze new business opportunities.
Enhance client exposure monitoring reports, streamline new business/terms approvals (margin, limit & bespoke agreements).
Improve the non-Standard collateral limit framework/process within the principal business and help source the collateral at right margins to minimize risk.
Optimize financial resources within the Securities Finance business (CCAR optimization, Stress testing and other Risk/Capital constraints)
Product Design: Continue to improve risk monitoring/margining capabilities First Line Risk team works in partnership with Credit, Market and Liquidity Risk to design and implement limit monitoring & client monitoring tools.
Automate recurring management reporting and monitoring of intraday activities.
Support implementation of AI-enabled workflows
Escalation & Workouts: Help coordinate and manage relevant counterparty “Fire drill” with the various firm stakeholders.
Spearhead reporting to senior management ad-hoc exposure and counterparty summaries during times of market volatility

Bachelor’s degree of a quantitative discipline (Finance, Math, Science/Engineering or Quantitative Finance) or equivalent
Experience in Prime Brokerage risk, Repo risk or other client facing, first line risk functions.
Subject matter expertise, risk challenge, and analytics expertise.
Strong communication and analytical skills
Ability to appropriately interact with senior management, and other lines of businesses.
Ability to back-test and perform quantitative analysis is important for the role.
Market Risk Experience in FICC products; Credit Risk understanding a plus
6 years of total work experience (preferred)