Reporting to the newly created role of Chief Risk Officer (CRO) Investment Risk, 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.
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.
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.
12-15 years of total work experience with at least 3-5 years in management preferred. 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).
The successful candidate will be a leader who is intellectually curious, self-motivated, and willing to constructively challenge the status-quo.
BNY Mellon is an Equal Employment Opportunity Employer.
Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
Primary Location: United Kingdom-Greater London-London
Internal Jobcode: 70399
Requisition Number: 2110143