Vice President, Data Management & Quantitative Analysis

BNY Mellon; New York (NY); On-site; USD 180,000 - 280,000; Full time

Job summary

BNY Mellon is seeking a Vice President for First Line Exposure Optimization within the First Line Risk team in Markets, based in New York, NY. The role focuses on governance, monitoring, and optimization of Securities Finance risks across equities and fixed income, working with 2nd Line Risk to enhance risk controls and reporting.

You will drive risk analytics, back-testing, and design of monitoring tools, plus automate intraday reporting and support AI-enabled workflows.

Qualifications

• Bachelor’s degree in a quantitative discipline 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 interact with senior management and other lines of business.
• Ability to back-test and perform quantitative analysis.

Responsibilities

• Monitor and manage Securities Finance financial risks in partnership with 2nd Line Risk.
• Expand house margins/haircut methodologies with 2nd Line Risk.
• Assess risk and reward of existing portfolio and analyze new opportunities.
• Enhance client exposure monitoring reports and streamline approvals.
• Improve collateral limit framework and source collateral at right margins.
• Optimize resources within Securities Finance (CCAR, stress testing, risk/capital constraints).
• Design and implement limit monitoring and client monitoring tools with other risk teams.
• Automate recurring management reporting and intraday monitoring.
• Support implementation of AI-enabled workflows.
• Coordinate counterparty fire drills with firm stakeholders.
• Spearhead reporting to senior management during market volatility

Skills

Prime Brokerage risk analytics

Back-testing & quantitative analysis

Risk analytics

Communication with senior management

6+ years work experience

FICC Market Risk

Education

Bachelor’s degree in Finance/Quantitative field

Job description

We’re seeking a future team member for the role of Vice President, First Line Exposure Optimizationto join our First Line Risk team in Markets. This role is located in New York, NY.

In this role, you’ll make an impact in the following ways:

• 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 2nd Line Risk.

• Help expand the various house margins/ haircut methodologies built in coordination with 2nd 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

The successful candidate will demonstrate/possess:

• 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)