BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of September 30, 2022, BNY Mellon had $42.2 trillion in assets under custody/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand for The Bank of New York Mellon
Corporation (NYSE: BK). Additional information is available a t www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom a t www.bnymellon.com/newsroom for the latest company news.
What we do:
BNY Mellon | Pershing has supported many of the world's most sophisticated and successful financial services firms for more than 80 years. Wealth and institutional firms rely on us for clearing and custody, trading and settlement services, a broad suite of investment solutions, middle and back office support, data insights, and business consulting. BNY Mellon's Pershing offers both Wealth Solutions for broker-dealers, registered investment advisors (RIA) and trust company clients, and Institutional Solutions for prime brokers and institutional broker-dealers.
Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc., a leading provider of enterprise data management solutions that deliver a single view of an investor's broad range of assets and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940 and a leading provider of managed accounts solutions. Additional information is available on pershing.com, or follow us on LinkedIn or Twitter @Pershing.
Team & Role:
BNY Mellon | Pershing has been a leader in clearing and custody services for more than 80 years. The Line of Business Risk team (first line of defense) for Pershing works primarily with the Institutional Solutions unit, which focuses on bringing the most stable and trusted global clearing infrastructure in the marketplace to Broker-Dealers, Investment Banks, Hedge Funds, and Asset Managers. As Lead Analyst, Line of Business Risk, you will assist with the ongoing independent oversight of day-to-day risk management activities, client, product, and process change risk assessments, and risk reporting for Pershing. You will work with the business line to evaluate their existing processes and activities and help to address any control gaps. The role will encompass assessing, monitoring, and reporting on operational, fiduciary, reputational, business, and strategic risks inherent to Pershing.
In this role, you will:
Engage in credit underwriting:
Perform annual review of the firm's clients with a strong focus on Hedge Fund and Prime Brokerage clients
Perform ad-hoc reviews for prospects and/or any limit modifications that need to be approved by the Credit Committee
Contribute to Pershing's compliance with the Risk Management Framework by assessing risks, monitoring the adequacy and effectiveness of the control environment, and monitoring and challenging business activities
Assist with the development of reporting on output of risk management activities
Support appropriate completion of steps involved in identifying possible risks during the creation or modification of new products and processes and all non-standard business acceptance events
Complete risk and control documentation as needed
You will contribute to the success of Pershing's first line of defense by helping to identify and mitigate potential risks while enabling the business to grow. You will also partner with colleagues across the broader Pershing team and BNY Mellon enterprise to hone your Risk expertise and build your knowledge of the firm's clients, products, services, and strategy.
The successful candidate will demonstrate/possess:
Bachelor's degree or the equivalent combination of education and experience
Strong communication and analytical skills
Ability to appropriately interact with the business line
Experience in the financial services industry
3-5 years of total work experience (preferred)
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. 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.
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.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. 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.