At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere. We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about. We're seeking a future team member for the role of Vice President, Treasury and ALM I to join our Corporate Treasury team. This role is located in Pittsburgh, Pa - hybrid. In this role, you'll make an impact in the following ways:
- Contribute to the year-round stress test (e.g., annual CCAR stress test execution the mid-cycle stress test), as well as various projects throughout the year. The candidate will join a talented global team of Treasury personnel responsible for the company's asset and liability management, capital management, interest rate and liquidity risk management.
- Perform FR Y-14A net interest income and the balance sheet projections for various scenarios. Collect financial data, forecast inputs/assumptions, and run the model/analyses, execute CCAR stress testing and report the results. Perform attribution analysis, identify key forecast drivers, and prepare presentations for senior management.
- Ensure the Balance Sheet Management (BSM) analytics model is functioning as expected, identifies, and troubleshoots any unexpected/unintuitive results. Ensures proper controls on the quality and integrity of reports produced for senior management and CCAR committee processes.
- Identify opportunities to enhance and improve ALM risk measurement and reporting processes. Work on ALM/QRM model improvements and enhancements. Support the validation of models, provide testing and analysis at the request of Model Risk Management.
- Conduct special projects and ad-hoc analyses/reporting as requested. Provide technical guidance to less experienced team members on complex issues.
- Interact with key teams across the Firm including Balance Sheet Modeling, Interest-Rate Risk, OCI, RWA, Capital, SME LOBs, as well as Risk and Audit. Cultivate relationships with peers in the businesses, Risk Management, Audit, Finance and Corporate Treasury to ensure efficient collection of data/model inputs.
To be successful in this role, we're seeking the following:
- Bachelor's degree in a quantitative discipline, including engineering, mathematics, statistics, economics etc. Master's, MBA, CFA, or CPA/CA preferred.
- 3-5 years of total work experience preferred.
- Experience with CCAR stress testing, interest rate risk management, liquidity stress testing, liquidity risk management, and/or asset-liability management within large complex financial organizations preferred.
- 3+ years of experience with Quantitative Risk Management (QRM) model with exposure to model development/implementation and reporting.
- Excellent technical documentation and verbal communication skills (ability to explain complex theoretical concepts in simple, easy-to-understand language).
- Proficient in Excel; Knowledge of VBA and SQL preferred.
At BNY, our culture speaks for itself. Here's a few of our awards:
- America's Most Innovative Companies, Fortune, 2024
- World's Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024
- "Most Just Companies", Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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