BMO U.S.’s Post

#hiring Senior Vice President, Market and Liquidity Risk, Pittsburgh, United States, fulltime #jobs #jobseekers #careers #Pittsburghjobs #Pennsylvaniajobs #ITCommunications Apply: https://lnkd.in/gT3MmesY Overview The Treasury department is responsible for the management of BNY Mellon's $406 Billion balance sheet. It assumes a variety of risks in its activities to generate greater than $4 Billion in annual net interest income, largely through the monetization of the firm's deposit base with a $135 Billion investment portfolio of fixed income securities. Additionally, the Treasury drives the allocation of the Firm's financial resources across the company, balancing capital and liquidity needs and demands and works to create the appropriate financial incentives for the businesses using these scare resources. The Portfolio Risk function is the second line of defense responsible for the oversight of the management of investment portfolio mark-to-market risk at BNY Mellon. The team monitors Treasury's deployment of the Firm's financial resources as investments in a global portfolio of structured and non-structured fixed income securities positioned across entities, ensuring that risks and trade-offs are appropriately identified, measured, controlled, and reported. Structured assets to name a few include ABS securities, Non Agency securitized products and Collateralized Loan obligations. Non structured assets include Agency MBS, Sovereigns and Supranational securities. Key Treasury counterparts include the Portfolio Management Group, at the corporate level and across the world. Asset-Liability management, liquidity, and capital knowledge is critical to understanding deployment constraints and trade-offs. Portfolio Risk works very actively with the other Treasury Risk functions, and within Risk & Compliance functions relating to the management of mark-to-market risk including Traded Market Risk, Credit Risk, and Model Risk to understand a holistic risk profile of the business' risk taking. The Portfolio Risk team also considers regulatory implications of investment activity. As BNY Mellon is a Global Systemically Important Bank

A follow-up to yesterday’s post on the future of #WealthManagement, here’s an interesting Barron’s article on JPM’s bet on growing its wealth management business through its bank-based financial advisors in its retail branches. https://shorturl.at/fqvHU The brick and mortar branch infrastructure of large banks is expensive but can bring a formidable competitive advantage as it leverages the trust and convenience of its branch network for the #affluent segment. What are your thoughts? #retailbanking #financialadvisory #banking #personalizedbanking #investmentadvice

Navigating market disruptions with poise and precision is the new hallmark of successful corporate treasurers. Embracing 'digital as a culture,' they are wielding digital treasury management tools to maximize cash flow, optimize liquidity, and mitigate risks. Discover how digitization is playing a crucial role in reshaping and fortifying financial frameworks amid unexpected curveballs. Dive deeper into the conversation with Vicky Albovias, head of Corporate Treasury Consulting at J.P. Morgan Commercial Bank.

Being at the forefront of the #WealthManagement industry across various institutions has given me a deep appreciation of the opportunities and challenges ahead. While I concur with the The Wall Street Journal’s depiction of it as a "risky gold rush," it misses out on two crucial aspects: 1. The essence of wealth management lies in its personalized nature, giving the incumbents and those with established client relationships a distinct advantage. 2. The #RIA’s sector's agility and adaptability offer a competitve contrast to the more rigid structures of large banks. For banks aiming for success, it needs to be more than just a big investment in this space. There needs to be a commitment to personalized attention and a comprehensive offering of services that extends beyond mere investments. This is where large banks can truly shine if they leverage their scale appropriately. Integrating technology to streamline operations allows advisors to focus on what truly matters: building and maintaining high-touch relationships with clients. Additionally, providing a range of wealth services, including #banking, #fiduciary, and #planning, is critical. What other gaps and opportunities to do you see? https://shorturl.at/juFOP

For the first time in 20 years, rates are expected to be cut in developed markets in response to falling inflation and slowing growth. Read what this means for corporate treasurers in terms of their liquidity and portfolio management, especially with money market funds in mind: https://ow.ly/K23k50RcPGF Partner content with HSBC Asset Management #Liquidity #InterestRates #MoneyMarkets

The gold rush into #wealthmanagement as big banks follow UBS and Morgan Stanley early steps. The Wall Street Journal on how Goldman Sachs, BNP Paribas, HSBC, Barclays are all flocking to #wealth driven by less volatile fees than #trading and higher returns than #investmentbanking. "#Tech, #AI and greater access to #privatemarkets seem likely to make large #wealth platforms increasingly attractive to clients. It is a market served by local relationships, which means the top banks only have a 32% share, that leaves room for growth. In #trading and #corporate finance, top banks’ share rises to 67% and 48%, respectively" #wealthmanagement #trading #markets #investing #assetmanagement #investmentbanking #banks #finance #US #privatebanking #WSJ

Goldman Sachs credit analysts aren’t convinced the boom in private credit will trigger a crisis. In short — they debunked concerns related to three primary channels: 1️⃣ Borrower distress Despite rising costs, they see low risk of significant losses in corporate credit portfolios. 2️⃣ Asset Manager stress Potential losses in direct lending funds aren't expected to cause systemic issues due to their structure and loss-sharing mechanisms. 3️⃣ Investor liquidity mismatches The growing secondary market (key to managing multi-asset portfolios) offers flexibility, mitigating systemic risk concerns. The private credit market — while growing — isn't positioned to significantly disrupt the broader financial system. Its structure and the evolving mechanisms for managing risk make it more resilient than many assume. My takeaway: Finance leaders' need for astute risk management and strategic thinking is critical, whether you believe private credit poses a systemic risk or not. Here’s the Financial Times piece: https://lnkd.in/eZchqS8F And more on the private credit space here: https://lnkd.in/ebzQGFQc

The new Hotshot - Private Credit With global economies fragile and rigid commercial bank lending, investments in the private credit segment are on the rise. Private credit, which means lending to companies by institutions other than the bank is expected to become a $2.7 trillion market by 2027. It is a form of lending outside of the traditional banking system, in which lenders work directly with borrowers to negotiate and originate privately held loans that are not traded in public markets. It has become a lucrative addition to the portfolio due to its high yield in comparison to traditional lending and low loss ratio. Recently Goldman Sachs pumped around $20 billion into its private credit arm to make the most of one of the highest-growing segments in the asset management industry. #whynotfinance #Lending #AssetManagement

Exploring the Dynamic World of Commercial and Investment Banking In my latest analysis, I dive deep into the intricate workings of commercial and investment banks, unraveling their pivotal roles in the global economy. From revenue streams to risk management, I examine how these financial powerhouses operate, adapt, and drive economic growth. With real-world examples like Wells Fargo and Goldman Sachs, I highlight how these institutions navigate challenges and seize opportunities in an ever-evolving landscape. Key takeaways include: - The distinct functions and business models of commercial and investment banks. - Insight into their economic impacts and the forces shaping their future. - A forward-looking perspective on the rise of digital banking and fintech innovation. Whether you're a finance professional or simply curious about the financial world, this analysis offers valuable insights into the backbone of modern economies. Check it out and let's connect to discuss how these trends might shape the future of finance! #Banking #Finance #InvestmentBanking #CommercialBanking #Fintech #Innovation #FinanceTrends