eFinancialCareers

• Company

  BNY Mellon

• Location

  Pittsburgh, PA

• Compensation

  000000

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  10 Nov 2009

• eFC Ref no

  584012

High- level assessment of names on centrally managed approved lists utilized across 2a7 and 2a7 like fund complex in BNY Mellon.  Directs and influences portfolio concentration.  Develop Sector views to influence over or underweight recommendations relative to financial and or corporate holdings to include assessment of sovereign risk for banks.  Knowledge of structured securities would also be required.  Working closely with Credit Research Group and Portfolio managers to make recommendations to Executive Risk Managers and LOB managers concerning sales of higher risk or under-performing securities.  Creation of high-level reporting to Executive Management and Regulators on portfolios to highlight performance, risk elements, price movements and other market metrics.

Provide leadership as members of Credit Committees for Private Wealth, CIS, Dreyfus and Securities Lending.  Regular meetings with issuers, rating agencies and personal attendance at industry conferences to become a subject expert on core holdings across the business.  Develop/Co-Author policies and procedures for the group.  High level expertise and knowledge of global banks, corporate and other types of investments held by 2a7 complex.  Understanding of competitive landscape and investment goals for Private Wealth, Money Funds and Securities Lending.  Knowledge of sophisticated financial investments to include knowledge of legal and regulatory issues in international markets.

Position is newly created to address potential risks posed by 2a7 complex requiring Bank support.  Position is required to provide succinct analysis that is compelling to set the direction of strategic investment strategies of four different businesses that have similar but potentially different investment styles and requirements.  Interface with executive management for both Risk Management and Lines of Business requires mature and succinct rendering of issues.  Position will require highly motivated individuals who are up to managing a high volume of information and possess the ability to quickly evaluate news flow and market events.  Close work with market risk side of the group and credit research group for the investment boutiques is necessary.  Considerable interface with subject experts issuers, rating agencies, credit research analysts outside BNY Mellon to stay constantly informed is a key element.   Position is intended to have high level of impact on future direction of risk taking by 2a7 and 2a7 like complex within BNY Mellon.  Market Risk Group is to encompass the entire AUM of short-term cash for the company both domestically and internationally and evaluate portfolio management and risk taking of these groups.

Strong presentation and negotiating skills are a must. Ability to interface with executive management and regulators.  BA or BS Degree is required.  An MBA or CFA is preferred. 10-15 years experience is required, preferably in credit underwriting or related field.