Vacancy caducado!
Reference #: 55234
BNY Mellon
Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.
With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
Team, function, roles:
The VP, Model Development I will contribute to highly visible enterprise-wide modelling programs, dedicated to a specific area of the business. The role will be to execute corporate-wide standards for model development. Our models help our Senior Management and the Board of Directors to make important decisions on a regular basis. We need this person to be responsible for identifying problems that can be solved by the application of financial theory and the building of models which improves the firm's operations. Successful people in this job regularly investigate and select frameworks best suited to solve a problem and deciding on the scope of the solution.
The Role offers wide range of development opportunities given the incumbent team maintains models from Credit and Market Risk Modelling. As a model developer, this position will be responsible for:
Performance monitoring of models, identifying possible deteriorating by comparing outcomes to established thresholds, developing benchmarking models and tools
Cooperation with validation team. 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.
Ensure accuracy of reports and calculations performed, ensures proper model documentation is being put in place.
Support the businesses using the models and their results, develop risk analytics to explain and attribute changes in valuations and risk measures resulting from the models
Communicate efficiently witing the modelling team, as well as with the risk officers, business, technology.
This role is responsible for the technical direction, accuracy and soundness of quantitative methods in the assigned area. Decisions and assumptions recommended by this person have significant impact on the financial and risk position of our Bank
Requirements:
Master's Degree/PhD in a quantitative discipline, including financial engineering, mathematics, physics, statistics, economics, Operations Research, or similar. The candidate must have a quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills.
0-2 years of relevant experience in financial services is preferred
Knowledge and familiarity with various risk concepts, with Credit risk business knowledge would be considered as a plus
Good programming skills in one of the programming languages: Python/R/C
Experience with complex quantitative modelling, numerical analysis, and computational methods would be considered as a plus
Focused, detail oriented, results oriented and highly productive.
Being able to efficiently and effectively conduct independent research, analyse problems, formulate and implement solutions, and produce quality results on time.
Strong scientific and technical documentation and presentation skills, and being able to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.
At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:
Fortune World's Most Admired Companie & Top 20 for Diversity and Inclusion
Bloomberg's Gender Equality Index (GEI)
Best Places to Work for Disability Inclusion, Disability: IN - 100% score
100 Best Workplaces for Innovators, Fast Company
Human Rights Campaign Foundation, 100% score Corporate Equality Index
CDP's Climate Change 'A List'
Our Benefits:
BNY Mellon 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 that can support you and your family through moments that matter.BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.