Vice President, Market/Client Risk Management

BNY•Pittsburgh, PA

1d•Hybrid

About The Position

The Vice President, Market/Client Risk Management plays a pivotal role within the Corporate Trust division, focusing on identifying, assessing, and mitigating risks associated with contract negotiations related to bond issuances. This position supports BNY's strategic pillars by ensuring a robust risk management framework that aligns with the organization's principles of integrity and client focus. The role requires a strong understanding of market dynamics and client interactions to effectively manage and minimize potential risks.

Requirements

Bachelor’s degree in Finance, Business Administration, or a related field, or the equivalent combination of education and experience.
5-10 years of experience in the financial industry.
Excellent communication and collaboration skills to work effectively with diverse teams.

Nice To Haves

Advanced degree preferred.
Corporate Trust and contract negotiation experience a plus.

Responsibilities

Negotiate contract terms with clients and their legal team, by partnering with BNY counsel and internal parties, to identify and mitigate potential contractual, operational, and regulatory risks to ensure contracts (such as Bond Indentures, Paying Agent/Escrow agreements) meet BNY’s risk appetite.
Coordinate with internal and external parties to ensure accurate and timely facilitation of onboarding activities on the Bank’s systems to comply with contract requirements.
Focus on the client experience by delivering high-quality service, anticipating client needs, and utilizing available technology to optimize results.
Proactively collaborate with cross-functional teams to drive improvements and improve efficiency.
Foster a culture of risk awareness. Escalate risk exposures promptly while providing insights and recommendations to support informed decision-making.
Stay abreast of industry trends and regulatory changes to ensure compliance and maintain a competitive advantage.