Senior Specialist Model Development 1053 wyświetleń

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Job Description

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).
Remote work is an option.  The Senior Specialist (Financial Modeling Analyst) will contribute to highly visible enterprise-wide modeling programs, dedicated to a specific area of the business. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. The role will be to execute corporate-wide standards for model development. The incumbent will be responsible for leading work to identify problems that can be solved by the application of financial theory and the building of models which improves the firm’s operations. This will entail investigating and selecting frameworks best suited to solve a problem and deciding on the scope of the solution. The incumbent may work in one of five disciplines, each responsible for a different type of modeling: 1) Credit Risk Modeling 2) Treasury Modeling 3) Market Risk Modeling 4) Pricing Modeling 5) Forecasting Execute corporate-wide standards for model validation, by setting the scope of a development effort. This entails determining the frameworks that will be used, the source data that should be collected, assumptions that must be made, and the outcomes that need to be reviewed. Evaluate the strengths and weaknesses of framework options and identify which is most likely to meet the needs of the business. Reviews accuracy of reports and calculations performed by less experienced colleagues,, ensures proper model documentation is being put in place. Support the validation of models,, the incumbent is expected to provide testing and analysis at the request of Model Risk Management. Support the use of models,, the incumbent is expected to execute models in accordance with approval conditions and communicate results to management. The incumbent will be responsible for performance monitoring of models, identifying possible deteriorating by comparing outcomes to established thresholds. No direct reports,, provides guidance to more junior analysts. Responsible for the technical direction, accuracy and soundness of quantitative methods in the assigned area. Decisions and assumptions recommended by the incumbent have significant impact on the financial and risk position of the Bank or legal entity supported. Modified based upon local regulations/requirements.


  • Master’s Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, economics. The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills
  • Minimum 2 years (2 – 5 preferred) of modeling experience in financial services.
  • Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages.
  • Knowledge and experience in pricing of financial instruments across different asset classes such as: Rates, Equity, FX and Credit.
  • Knowledge and experience in design, implementation and/or validation of pricing models (e,g, Black Scholes, Black 76, Hull-White, SABR, Heston etc)
  • Must be extremely focused, detail oriented, results oriented and highly productive.
  • Must have a proven track record of being able to efficiently and effectively conduct independent research, analyze problems, formulate and implement solutions, and produce quality results on time.
  • The candidate must have excellent scientific and technical documentation and presentation skills, assertiveness & influencing skills, and the skills to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.

Our offer: •    Full time contract of employment •    City Centre locations close to main railway station and flexible working arrangements •    Flexible benefits package, including life and medical insurance, health screening, fitness discount programme, employee assistance program •    Award-winning Wellbeing Program supporting you with your unique health and wellbeing needs •    Pension scheme •    On-site childcare and a parental buddy programme •    Exciting opportunities for career and global mobility •    Diverse and inclusive environment •    Employee Referral Program •    Recognition programmes •    A multitude of opportunities to get involved in charity projects and Employee Resource Groups (ERGs) BNY Mellon is an Equal Employment Opportunity Employer. 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. Primary Location: Poland-Dolnoslaskie-Wroclaw Job: Risk Internal Jobcode: 85358 Organization: Risk-HR06016 Requisition Number: 2106711

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