Overview
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 - Portfolio Manager/Trader to join our EMEA Chief Investment Office team. This role is located in London – hybrid.
The Chief Investment Office manages the security portfolio for the Institutional Bank of New York and executes fixed income cash and derivative trades with the goal of maximizing net interest income and reducing balance sheet costs whilst staying in compliance with all regulatory limits and balance sheet constraints. The EMEA CIO team focuses on the international securities portfolio, predominantly managing portfolios on behalf of International Corporate Treasury.
Responsibilities of EMEA Portfolio Manager:
Managing the execution and performance of an EMEA securities investment portfolio, including all aspects of risk management covering credit, market, and liquidity risk. Monitoring of markets and due diligence across treasuries, sovereign, supranational, covered bonds, and international RMBS/ABS to identify investment opportunities. Together with team members, develop investment strategies for EMEA portfolios with the aim of optimizing returns and balance sheet, while staying within risk appetite. Monitoring of activities related to the investment portfolio, while adhering to the legal entity and corporate level investment guidelines. Day-to-day management of the legal entity liquid asset buffer requirements and testing of sources of liquidity identified in legal entity contingency funding plans. Work closely with the International Treasury team in terms of funding and liquidity management in compliance with all internal and external regulatory limits including IRRBB, LCR, Volcker limits, market limits, credit limits, large exposure limits, and capital limits, as required. Ensuring strong systems, controls, and processes are in place, e.g., adhering to trader mandates. Working with internal technology teams on the development of risk systems and reporting. Provide treasury investment portfolio execution coverage for other legal entities in EMEA, as required. Maintain key relationships with Issuers and sell-side market participants. To perform this role, the candidate will need prior front-office portfolio management experience including a working knowledge of the fixed income market, treasury product knowledge, risk management skills, and understanding of regulations governing the International Treasury business, and good understanding of funding and liquidity management strategies. The candidate will also need to have strong written and communication skills. The technical skills, knowledge, and qualifications required for this role are summarized below: Treasury front office and/or rates trading experience, with a track record in areas of EGBs, SSA, covered bonds preferred. Good understanding of the fixed income market, macroeconomics, and yield curve dynamics across major currencies. Good understanding of fixed income derivatives and interest rate swap fundamentals and execution experience. An understanding of bank portfolio liquidity and capital constraints. FCA certification preferred. Strong risk management skills and understanding of the regulatory environment. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. 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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Managing the execution and performance of an EMEA securities investment portfolio, including all aspects of risk management covering credit, market, and liquidity risk. Monitoring of markets and due diligence across treasuries, sovereign, supranational, covered bonds, and international RMBS/ABS to identify investment opportunities. Together with team members, develop investment strategies for EMEA portfolios with the aim of optimizing returns and balance sheet, while staying within risk appetite. Monitoring of activities related to the investment portfolio, while adhering to the legal entity and corporate level investment guidelines. Day-to-day management of the legal entity liquid asset buffer requirements and testing of sources of liquidity identified in legal entity contingency funding plans. Work closely with the International Treasury team in terms of funding and liquidity management in compliance with all internal and external regulatory limits including IRRBB, LCR, Volcker limits, market limits, credit limits, large exposure limits, and capital limits, as required. Ensuring strong systems, controls, and processes are in place, e.g., adhering to trader mandates. Working with internal technology teams on the development of risk systems and reporting. Provide treasury investment portfolio execution coverage for other legal entities in EMEA, as required. Maintain key relationships with Issuers and sell-side market participants. To perform this role, the candidate will need prior front-office portfolio management experience including a working knowledge of the fixed income market, treasury product knowledge, risk management skills, and understanding of regulations governing the International Treasury business, and good understanding of funding and liquidity management strategies. The candidate will also need to have strong written and communication skills. The technical skills, knowledge, and qualifications required for this role are summarized below: Treasury front office and/or rates trading experience, with a track record in areas of EGBs, SSA, covered bonds preferred. Good understanding of the fixed income market, macroeconomics, and yield curve dynamics across major currencies. Good understanding of fixed income derivatives and interest rate swap fundamentals and execution experience. An understanding of bank portfolio liquidity and capital constraints. FCA certification preferred. Strong risk management skills and understanding of the regulatory environment. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. 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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