Overview

Bring your ideas. Make history.

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

This role is located in Wrocław, Poland - HYBRID.

Team Description: 

This role is part of the Market Risk function within the broader EMEA Risk Management and Global Market Risk functions with a focus on trading book market risk for BNY Mellon SA/NV. The team interacts with the business and the business control partners within BNY Mellon SA/NV as well other regions and legal entities. This role reports into the SA/NV Legal Entity Risk Officer and BNYM Head of Markets Market Risk and works closely with the senior management, Markets business, local and regional Risk Management and Technology functions.

Job Purpose: 

The aim of the role is to provide professional, value added and efficient market risk oversight and service through the identification, analysis, monitoring and escalation of market risk exposures, resulting from the Markets activities (market making in FX and STIR products, linear and non-linear) of BNY Mellon SA/NV, with a focus on the second line of defence monitoring and reporting, including analysis and further enhancement and development of the second control framework.

Responsibilities: 

• Responsible for and managing the monitoring, analysis and reporting of trading risk and positions using available market risk monitoring systems as well as available front and back-office systems, to identify any adverse trend and/or violation of limits regarding the (intra-day) positions and market risk exposure of the Markets activities in BNY Mellon SA/NV. Partners with the business to help them achieve their objectives within the Risk Appetite of the firm.
• Aid in the development, improvement and implementation of market risk procedures, tools and methodologies in co-operation with other departments, such as Credit Risk Market Risk, Finance, Modelling and Technology.
• Analyse the use and suitability of market risk models/parameters, systems and procedures and implementation of new models/parameters and procedures
• Interacts with the traders and trading or portfolio management, to investigate and document any limit pre-approvals, excesses, extensions, breaches, and breach remediation in compliance with existing policies and procedures
• With technology staff, develops and implements new risk analysis and platform and data initiatives, and tests modifications to the risk tools and processes
• Produce periodic and ad-hoc market risk analysis and reporting for senior management and committee review and to support financial and regulatory disclosures.  
• Attendance on critical business and risk committees to ensure there is a constant awareness of the market risk management issues affecting (or possibly affecting) the Markets activities in SA/NV.
• Uses existing strategic relationships to influence at all levels of the organisation. Liaises with the internal and external auditors and regulators to ensure compliance to prescribed standards.
• Suppport as part of his job challenge and review process of financial forecast and main impact on capital and related stress testing (around 20% of activity).

Requirements:

• The role requires an understanding of financial markets; FX and STIR trading and investment instruments (listed and OTC), and the detailed process by which market risks are measured and monitored.
• Understanding of historical VaR models, FX spot, DV01 & cross currency basis sensitivity.
• Excellent knowledge of spreadsheet and database applications (including VBA and SQL).
• Attention to detail and a high level of accuracy.
• Ability to communicate effectively and persuasively (oral, written).
• Fluency in English, both conversational and written.

Qualifications:

• A degree in a numerate discipline or equivalent combination of education and experience required. 
• Minimum of 7-10 years of relevant market risk experience required.
• Experience in liquidity risk is strongly recommended

Our offer:

• Full time contract of employment
• City Centre locations close to main railway station and flexible working arrangements
• Flexible benefits package, including life and medical insurance, health screening, fitness discount programme, employee assistance program
• Award-winning Wellbeing Program supporting you with your unique health and wellbeing needs
• Pension scheme
• On-site childcare and a parental buddy programme
• Exciting opportunities for career and global mobility
• Diverse and inclusive environment
• Employee Referral Program
• Recognition programmes
• A multitude of opportunities to get involved in charity projects and Employee Resource Groups (ERGs)

At BNY Mellon, our inclusive culture speaks for itself. Here’s a few of our awards:

• Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg’s Gender Equality Index (GEI)
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score
• 100 Best Workplaces for Innovators, Fast Company
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• CDP’s Climate Change ‘A List’

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.