At a Glance
- Tasks: Lead ALM initiatives, manage liquidity risk, and ensure compliance for Pershing EMEA entities.
- Company: Join a leading financial services firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Opportunity to automate processes and leverage AI in a fast-paced environment.
- Why this job: Make a significant impact in treasury management while working with cutting-edge financial technologies.
- Qualifications: Degree in finance or economics; experience in ALM/Treasury preferred.
The predicted salary is between 90000 - 110000 £ per year.
We’re seeking a future team member for the role of Director, Pershing ALM Analyst to join our Pershing team. This role is located in London, UK.
In this role, you'll make an impact in the following ways:
- Reporting to the Head of Pershing Treasury, with joint reporting to the International Treasurer, lead ALM matters relating to the broker-dealer balance sheet and certain global liquidity requirements for Pershing EMEA entities, monitoring and explaining changes and related management reporting.
- Drive initiatives to support the funding, capital and liquidity position of the entity.
- Ensure compliance with all limits, escalating and remediating breaches and early warning indicators.
- Set agendas for governance forums and review the work of the ALCO secretary, ensuring high-quality minutes, tracking decisions and actions, and maintaining related documentation.
- Responsible for the production and presentation of slides, dashboards and other ALM presentation materials for various governance bodies (e.g., ALCO, Board of Managers, etc.).
- Manage end-to-end liquidity risk (including intraday) for Pershing EMEA legal entities, in close coordination with the EMEA Funding Desk and Finance.
- Lead periodic reviews and updates of entity-specific policies and other governance documentation (e.g., CFP, EWI recalibration).
- Conduct liquidity and other analysis to evaluate the impact of business initiatives, funding actions and assumption changes on key metrics and decisions.
- May provide advice on specific business decisions that will affect funding, liquidity, capital or interest rate risk.
- Liaise with Cash Management, Regulatory Reporting, Risk, and Operations, as necessary, to ensure ongoing compliance with all requirements.
- Co-lead efforts to automate and reimagine ongoing processes, including through fluency in the use of AI.
- Ensure issues are escalated and communicated appropriately and support mitigating any associated risks.
- Monitor the regulatory environment, conduct applicable research and make recommendations for responding to emerging/changing regulatory requirements affecting ALM, Capital or Liquidity funding.
- Support with regulatory, second line and internal audit exams/reviews including remediation of issues.
- Other ad-hoc tasks associated with Pershing or BNY Treasury functions.
To be successful in this role, we’re seeking the following:
- Bachelor/Master degree or equivalent qualification. Degree in finance or economics, with proficiency in math, statistics, or computational finance preferred. MBA, or CFA preferred.
- Experience in ALM/Treasury at broker-dealers or banks; deep expertise in liquidity/funding and broker-dealer activities.
- Advanced knowledge of both broker-dealer capital, liquidity, funding and operational requirements, as well as Treasury ALM and Liquidity metrics (e.g., LST) and available funding sources.
- Expertise conducting analysis and process automation with Excel, AI and other reporting/automation tools (e.g., Power BI, Tableau, Power Automate, etc.).
- Strong communication and analytical skills, attention to detail, and ability to work under pressure.
Director, Treasury employer: BNY Mellon
At BNY Mellon, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of Manchester. Our commitment to employee growth is evident through comprehensive training programs and career advancement opportunities, alongside competitive compensation and benefits that ensure our team members feel valued and supported in their professional journeys.
StudySmarter Expert Advice🤫
We think this is how you could land Director, Treasury
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like BNY Mellon. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Director, Treasury
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BNY Mellon.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BNY Mellon's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BNY Mellon
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BNY Mellon.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BNY Mellon will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BNY Mellon employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
