Senior Vice President, Market and Liquidity Risk Manager

BNY’s Treasury function manages the firm’s balance sheet and financial resources, balancing earnings resilience, capital strength, liquidity needs, and risk across legal entities and jurisdictions in Europe and globally. Treasury Risk provides second line oversight to ensure risks are identified, measured, monitored, controlled, and reported in line with regulatory expectations and BNY’s risk appetite.

This role sits within second line risk oversight and is responsible for providing independent challenge across market risk and capital risk, with a particular focus on treasury activities, the investment portfolio, the capital risk across European jurisdictions. The role requires a strong horizontal risk perspective, connecting market risk drivers, capital impacts, liquidity considerations, valuation considerations, and regulatory expectations into a coherent second line view.

The successful candidate will oversee and challenge first line frameworks relating to market risk arising from treasury and investment portfolio activities, including but not limited to securities valuation sensitivities, concentrations, stress exposures, and capital implications. The role also requires close engagement with Treasury, Finance, Capital Management, Asset Liability Management, and business stakeholders to ensure that risk-taking, measurement approaches, governance, and reporting remain robust and fit for purpose across the BNY legal entity landscape.

As BNY is a Global Systemically Important Bank (GSIB), the regulatory requirements and expectations applicable to Treasury, Market Risk, and Capital Risk are of the highest standard. This role therefore requires strong technical expertise, sound judgment, and the ability to engage effectively with senior stakeholders across a complex cross-border environment.

We’re seeking a future team member for the role of Senior Vice President – Market Risk and Capital Risk Oversight – Treasury & Investment Portfolio Risk to join our team. This role is located in Frankfurt.

In this role, you’ll make an impact in the following ways: 

• Provide independent second line oversight and challenge of first line risk management practices covering market risk and capital risk across treasury and investment portfolio activities in BNY European entities.
• Review and challenge risk identification, measurement, monitoring, control, governance, and reporting frameworks for investment portfolio market risk exposures, capital risk and valuation-related risk considerations.
• Assess the adequacy of first line methodologies, assumptions, triggers, and management information used to oversee treasury and investment portfolio risks.
• Review of investment portfolio securities exposure consistently with investment limits, ability to understand and review pricing methodologies applicable to investment securities, hedging derivatives.
• Analyse and review Capital Risk framework, Regulatory stress testing and review of Legal Entities ICAAP or similar processes within Legal Entity.
• Review and challenge the risk implications of strategic and structural balance sheet decisions, investment strategies, hedging activities, portfolio repositioning, and legal entity changes across European jurisdictions.
• Assess risk implications of new products, business initiatives, portfolio strategies, and material changes to balance sheet structure, including impacts on market risk profile, capital consumption, liquidity, and regulatory compliance.
• Conduct thematic reviews and deep dives across asset classes, portfolios, and legal entities, evaluating exposures, concentrations, valuation approaches, stress vulnerabilities, and end-to-end risk management effectiveness.
• Contribute to the development of a holistic second line view across market risk, treasury risk, capital risk, and stress testing, ensuring that interdependencies are clearly understood and communicated.
• Prepare high-quality risk analysis, challenge materials, and reporting for governance forums, senior management committees, and risk committees. 
• Support ongoing enhancement of policies, standards, methodologies, documentation, and controls to meet evolving regulatory expectations and internal risk management standards.
• Attend to relevant Committee at various Legal Entities and experience in engaging with Supervisors/ Regulators.
• Maintain strong awareness of European regulatory developments and supervisory expectations, translating these into effective oversight, challenge, and risk framework improvements.
• Build effective working relationships with key stakeholders across Treasury, Finance, Capital Management, first line risk teams, Model Risk, and other control functions.

To be successful in this role, we’re seeking the following: 

• Bachelor’s degree or equivalent experience required; advanced degree preferred in finance, economics, mathematics, statistics, risk management, or a related quantitative discipline.
• Significant experience in financial services within market risk, treasury risk, capital risk, asset liability management, investment risk, or broader balance sheet risk management.
• Strong understanding of market risk concepts relevant to treasury and investment portfolios, including interest rate risk, spread risk, curve risk, basis risk, optionality, hedging, valuation sensitivities, and stress testing.
• Good knowledge of capital risk and capital adequacy frameworks, including regulatory capital considerations, ICAAP, capital planning, balance sheet optimization, and the relationship between market risk outcomes and capital metrics.
• Experience reviewing or challenging risk metrics, limits, stress tests, scenarios, and management information used to oversee investment portfolio and treasury risk exposures.
• Familiarity with European regulatory frameworks and supervisory expectations, including relevant elements of CRR, CRD, EBA guidance, PRA/ ECB expectations, ICAAP, SREP, and interest rate and spread risk guidance.
• Strong analytical capability with the ability to interpret portfolio risk exposures, challenge methodologies and assumptions, and connect technical analysis to management decisions and regulatory expectations.
• Strong written and verbal communication skills, with the ability to present complex technical matters clearly to senior stakeholders and governance forums.
• Direct experience on utilization and knowledge of main market date providers (Bloomberg, Reuters, etc.) 
• Ability to apply artificial intelligence modeling techniques to support business objectives, with clear and concise communication of results.
• Ability to evaluate, select, and use data and AI-driven methods in ways that support BNY strategy.

Preferred Skills and Attributes

• Experience in second line oversight, independent risk challenge, or regulatory-facing risk roles.
• Understanding of the risk profile of investment securities portfolios, including sovereigns, supranationals, structured bonds, agencies, financial institutions, covered bonds, corporates, funds, or other treasury-relevant asset classes.
• Familiarity with accounting and capital impacts associated with investment portfolios, including fair value considerations, Other Comprehensive  treatment, impairments, and prudential considerations where relevant.
• Knowledge of the linkages between market risk, liquidity risk, funding strategy, and capital planning.
• Experience with scenario design, sensitivity analysis, and portfolio stress testing across European legal entities.
• Strong judgment, intellectual curiosity, and the ability to adopt a broad horizontal risk lens rather than a narrow single-risk focus.
• Ability to influence constructively, provide credible challenge, and support strong risk culture across first and second line teams.

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom & BNY LinkedIn

 Here’s a few of our recent awards:

• America’s Most Innovative Companies, Fortune, 2025
• World’s Most Admired Companies, Fortune 2025
• “Most Just Companies”, Just Capital and CNBC, 2025

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.