Second LOB Senior Principal Investment Risk Manager

Recruiter
BNY Mellon
Location
London, United Kingdom
Salary
Competitive
Posted
22 Jul 2022
Closes
21 Aug 2022
Ref
15991957
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview

Overview Of BNY Mellon:
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Reporting to the newly created role of Chief Risk Officer (CRO) Investment Risk[1], the Investment Risk Manager will be a key member of the Investment Risk Management leadership team. The CRO Investment Risk and its team have Risk oversight of all investment management activity across the company, executing on our goal of full triangulation of risk management, providing dedicated senior risk coverage of our Investment Management business and other investment activities. The Investment Risk Manager will focus on second line oversight of the Investment Management firms based in Europe, review and challenge their investment management risk management practices, and participate in the identification and promotion of best practices across the IM Business.

BNY Mellon Investment Management

BNY Mellon is consistently in the top 10 of the world's largest investment managers. We are an investment manager of choice for governments, corporations, foundations, endowments, pension plan sponsors, advisers, intermediaries, and mutual fund investors.
But bigger isn't always better in this field - it's important to be nimble too. We combine the best of both worlds by offering the comprehensiveness of a full-service investment firm alongside the focused expertise of autonomous investment boutiques, such as Alcentra, Arx, Dreyfus/Cash Investment Strategies, Insight, Newton, Mellon and Walter Scott.
We have a broad array of offerings, from indexing to private equity, single and multi-strategy hedge funds, global tactical asset allocation, real assets, absolute return and outcome-oriented strategies, as well as a full range of traditional domestic, global and emerging market equity and fixed income strategies, including several country-specific strategies.
Responsibilities:
Provides oversight of, consultation on and challenge of investment risk management practices performed by risk managers embedded in Investment Firms.
Monitors key investment risk reports and indicators produced by Investment Firms.
Keeps abreast of market trends and expected impact on investment strategies, market liquidity. Pro-actively contributes to exchange of market and industry intelligence across Firms and BNY Mellon.
Reviews key drivers of risk and performance.
Keeps abreast of risk concentrations at Fund, Investment Firm and Investment Management level.
Reviews actions taken by Investment Firms following risk concentration threshold breaches.
Participates in assessment and definition of investment risk management best practices, from risk metrics identification and calibration to risk models and platforms.
Participates in new product approval process, providing second line assessment of market and market liquidity risk tied to new investment strategies, instruments used to express strategy, and investment vehicles used to distribute strategy to investors.
Interacts periodically with regulators.
Qualifications - External
Education:
Bachelor's degree (preferably in financial engineering, computer science, mathematics, statistics, physics, or similar areas) or the equivalent combination of education and experience is required. Masters degree (including but not limited to MBA) preferred.
Experience:
Extensive relevant work experience, management preferred required. Experience in asset management, investment risk management, markets and financial services is preferred.
Significant experience with management, analysis of and reporting on financial products and financial risk, macroeconomic issues, equity, traded credit and interest rate risk, and relevant regulation (e.g., Volcker, CCAR, DFAST, ICAAP/ICARA). Pension risk management experience is a plus.
The successful candidate will be a leader who is intellectually curious, self-motivated, and willing to constructively challenge the status-quo.

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.

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