1+ months

QRM Market Risk Monitoring Analyst (QRM Application Knowledge Required)

BNY Mellon
New York, NY 10007

This is a Market RiskAnalyst position that requires strong QRM knowledge and experience. Morespecifically, this position will be doing analysis and model building insupport of interest rate risk. Strong QRM is required. Knowledge ofR, Matlab, or Python strongly preferred. A capable quantitative intellectis an absolute must.

Market RiskAnalysts are responsible for reporting and monitoring trading risks on a dailybasis to management according to prescribed Market Risk Policies. This includesValue-at-Risk, sensitivity, and concentration limit monitoring, stress testanalysis, and off-market trade review for various cash and derivative equity,fixed income, credit and foreign exchange trading products. Produce periodicrisk reporting for management review, and to support financial and regulatorydisclosures. Interact with trading and risk management to investigate anddocument any limit excesses in compliance with prescribed policies. Performnecessary steps to ensure the integrity of our risk reporting. Interact withMarket Risk Systems staff in the development of new risk reporting initiatives,and testing of modifications to our risk reporting process. Liaise withinternal and external auditors and regulators to ensure compliance toprescribed standards. Role at this level requires understanding of financialmarkets, varied trading instruments, and the detailed process by which risk ismeasured and monitored. This function will assist in the development andimplementation of procedures to measure and monitor multiple riskshierarchically and across the entire organization. Understand theresponsibilities of other departments in daily interactions when investigatingand validating reported changes in risk. The sheer breadth of financial marketinstruments and related data required to be effective make this monitoringfunction extremely challenging. Anomalies in risk measurements need to beinvestigated through collaboration with trading staff, operations, technology,and quantitative staff, which requires a high degree of subject expertise invaried disciplines. In this role, analytic skills are critical, and one must beable to draw valid conclusions after examining multiple sources of information,and document decisions made for audit purposes. Strong mathematically abilityis important, as well as being detail-oriented, and extremely diligent. Thisposition will have an impact on the businesses that it monitors, as thosebusinesses must operate within prescribed risk limits. Through collaboration withour trading businesses, we design measures that are meaningful to both riskmanagement and business unit management. This role requires regular (writtenand oral) interactions with trading management, technology, operations, audit,accounting, and quantitative staff. Good inter-personal and negotiation skillsare a key factor to accomplishing goals when interacting in a complex,multiple-priority environment.


Bachelor's Degree. MBA is preferred. 4+ years is experience.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-New York-New York
Internal Jobcode: 30572
Job: Risk
Organization: Risk-HR06016
Requisition Number: 1917517


Posted: 2019-12-04 Expires: 2020-02-09

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QRM Market Risk Monitoring Analyst (QRM Application Knowledge Required)

BNY Mellon
New York, NY 10007

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