Senior Specialist, Treasury and Alm

1 month ago


Canary Wharf, United Kingdom BNY Mellon Full time

Job Purpose:
The Corporate Treasury Group at BNY Mellon is responsible for managing the investment portfolios and the liquidity and capital positions of the various subsidiary banks and of the Parent Corporation

The position of is responsible for implementing, maintaining and enhancing the Interest Rate Risk in the Banking Book (IRRBB) framework across the EMEA Region and applicable entities.

The role is based in London and reports to the Head of Interest Rate Risk for EMEA, International Treasury.

**Responsibilities**:

- Working with US IRR team to understand, review and provide explanations in monthly IRRBB analytics production and, submissions to legal entity governance forums.
- Ensuring IRRBB analytical framework, metrics and assumptions are compliant with regulatory standards.
- Oversight and reviewing the reasonableness and accuracy of legal entity EVE and NII metrics and assumptions, in line with business and regulatory expectations.
- Develop approaches for enhancing measurement and reporting of IRRBB MI.
- Coordination across liquidity, capital and Portfolio Management teams in managing mitigating actions and optimisation strategies for IRRBB.
- Understanding and delivering explanations to local governance forums around assumptions, output and related actions for IRRBB metrics.
- Coordination with the production team on regulatory standards and requirements (including any updates), to ensure that the IRRBB metrics and IRRBB economic capital calculations comply with the regulatory guidance.
- Drive forward initiatives to address IRRBB related Regulatory updates and Audit or Second Line findings/actions
- Keeping abreast of key regulatory developments that are impacting the IRRBB management and process, including advice and analysis of potential impacts.
- Providing support and input to the ICAAP from an IRRBB perspective.
- Support the Head of Interest rate Risk and Head of Balance Sheet Management with ad-hoc projects/deliverables relating to International Treasury e.g. regulatory presentations/requests, strategic initiatives, Board trainings etc.
- Ensuring issues are escalated and cascaded appropriately and support in mitigating any associated risks.
- Build a good understanding of the governance framework across the regions, including escalation requirements.

**Requirements**:

- Bachelor/Master degree or equivalent qualification. Degree in math, engineering, statistics, computational finance or economics preferred. MBA, CFA, or CPA/CA preferred.
- Significant banking experience with 2+ years in a Treasury or Risk Management function with strong focus on Interest Rate Risk in the Banking Book (IRRBB). Experience in other areas of Treasury/Asset and Liability management beneficial.
- Superior organisational skills.
- Awareness of treasury activities, IRRBB regulations and requirements.
- Good analytical, project management and report writing skills.
- Proficiency in MS Office (Excel, Word, PowerPoint).



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