BNY Mellon - Vice President - Model Development - Pricing Model

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 238 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.

We're seeking a future team member for the role of Specialist, Model Development

Risk Modelling to join our Market and Credit Risk team. This role is located in Pune India

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

- Support the maintenance and enhancements of pricing models (Derivative Pricing / Fixed Income valuation) for Market and Credit Risk

- Develop risk analytics to facilitate risk attribution and explanations for risk measures changes

- 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.

- Evaluate the strengths and weaknesses of framework options and identify which is most likely to meet the needs of the business.

- Ensure accuracy of reports and calculations performed, 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.

- Execute models in accordance with approval conditions and communicate results to management.

- Performance monitoring of models, identifying possible deteriorating by comparing outcomes to established thresholds.

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

- Master's Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, economics. The candidate must have a quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills.

- 1 - 5 years of relevant experience in financial services.

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