BNY Mellon Careers

OTC Valuations Assistant Manager – Lead Analyst, Data Management Quant Analysis

Dublin, Ireland

Job Description

OTC Valuations Assistant Manager – Lead Analyst, Data Management Quant Analysis

Data Management and Quantitative Analysis - IC3


Team Description:

Derivative Valuations is a centralised global utility that support a number of functions across various business lines. We are responsible for valuing OTC derivative assets for inclusion in:

  • The NAV production process for mutual and hedge fund accounting teams in Europe, India and across several US locations.

  • The valuation of pension funds for global companies based in Europe and the US.

  • Driving margin calls as part of our collateral management business.

  • Regulatory reporting and risk analysis by the bank and our clients. 


    We are a centre of excellence in the OTC Derivative space and provide opportunities to gain considerable training and development across a range of functions, while benefitting from exposure to the wider NAV production process.

    We currently have 60+ people in permanent roles in Dublin, Poland, New York, Boston and India. The group continues to grow as we take on new business and additional responsibilities.

As part of BNY Mellon Client Service Delivery department, the Derivatives Business Unit is required to:

  • Review the daily pricing of OTC assets, manual price input and price exception validation review for a variety of clients.

  • Understand the theoretical/technical nature of all OTC securities and the data required for accurate calculation of OTC positions.

  • Provide oversight for global departments: ensure an excellent service standard, maintain a flow of communication, build relationships and continuously manage workflow between onshore and offshore locations.

  • Suggest improvements to processes and taking ownership of service provided to clients. 

  • Deliver work within a tight, deadline driven environment. 

  • Manage the take-on of new clients, this will involve working with both the client and various internal departments – Trade Capture, Fund Accounting, Reconciliations etc.

Invested in your development

  • An environment where you will develop sound technical knowledge of a variety of derivative products, including vendor and broker pricing, corporate events and security master creation and maintenance.

  • Opportunity to develop project management skills.

  • Exposure to major global financial institutions.

  • A fast paced environment which offers ability to develop and progress within the company.


The Role

This Lead Analyst supports the Derivative Valuations group by playing an pivotal role in the well-functioning of the team:

  • Ownership of all the work completed by the OTC Dublin team.

  • Be the primary point of contact for audit, client, compliance, management and trustee issues. You will raise all relevant issues promptly to senior management.

  • Work with your colleagues in other locations to ensure best practise items are rolled out globally.

  • Work with the technology team to ensure all database developments are prioritised and successfully launched in the live environment.

  • Direct and regularly spot check the daily processing of OTC assets, manual price input and price exception validation review for a variety of Derivative clients. Ensure this process is robust and efficient.

  • Risk mitigation is a key responsibility, the lead analyst is expected to review processes against current market best practise and implement any improvement necessary. Evidence of regular reviews taking place is necessary.

  • Monitor daily processes ensuring staff complete as per agreed guidelines and procedures. Ensure outstanding issues are followed up on a regular basis and kept to a minimum.

  • Maintain accurate MIS details ensuring statistics are updated on a daily basis confirming volumes, timeliness and accuracy details.

  • Provide training on the theoretical/technical nature of all OTC securities to staff members.

  • The Lead Analyst is responsible for the integrity of the security master data on the OTC database, review and sign-off the master records completed by the analysts and supervisors.

  • Attend meetings with internal Fund Accounting Teams and external clients to discuss open issues and service levels where minutes are kept outlining decisions and action points.

  • Support the take on of new business into the team for existing client serviced and new business. Expected to play a critical role in shaping and defining operational model


Core Responsibilities:

  • Under moderate guidance, works with internal and external datasets and client reference data and provides analysis in the development statistical, financial and/or econometric models for analyzing asset performance, securities data, derivative pricing, risk exposure or other sophisticated concepts.

  • Provides analytical support and prepares drafts of standard and ad hoc reports for assigned area. With moderate guidance, supports assigned area with more advanced statistical and quantitative analyses. Serves as resource to less experienced colleagues. Runs models, looks for exceptions, takes corrective action.

  • Uses technology tools to conduct analyses. Applies techniques such as SQL and querying and macro development to extract data for populating models.

  • Has a good understanding of the relevant processes and products in assigned area and which analyses, methodologies and approaches best support assessment of performance, risk, or valuation. Interprets findings and prepares initial drafts of standard reports.

  • Prepares ad-hoc reports at the request of managers and/or other leaders. Translates complex technical concepts and analyses to non-technical audiences. Reviews accuracy of reports and calculations performed by less experienced colleagues.

  • Provides guidance to more junior analysts. Primarily responsible for the accuracy and quality of own work. Work contributes to the achievement of team goals.





  • Bachelors degree or the equivalent combination of education and experience. Advanced degree in quantitative analysis preferred:

    • Finance

    • Mathematics

    • Business

    • Economics

    • Engineering / Data Analytics

  •  5-7 years experience preferred.


Experience in quantitative finance and technology preferred but not essential.


What we are looking for from the ideal candidate:

  • Strong focus on accuracy and attention to detail

  • Ability to work under pressure.

  • Excellent teamwork, interpersonal, oral and written communication skills.

  • Dependability, flexibility and the ability to lead by example.

  • Excellent analytical, organizational and time management skills.

  • Ability to effectively prioritise and execute tasks in high-pressure environment

  • Prior experience managing a team in the OTC pricing space is desirable.

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

Client Service Delivery (CSD) brings together BNY Mellon's key operational areas into one global team to better support the company's businesses and serve clients around the world. CSD helps clients to conduct business, service assets, and engage in transactions in 35 countries and more than 100 markets. At every stage of the investments lifecycle - creating, trading, clearing, settling, holding, servicing, managing, distributing and restructuring assets - CSD is working to make BNY Mellon the recognized industry service quality and productivity leader. Client Service Delivery manages investment monitoring, measurement and processing services for our clients. Our solutions include Securities Operations, Fund Administration, Transfer Agency, Outsourcing, Performance Measurement and other related services.

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Ireland-Dublin-Dublin
Job: Operations
Internal Jobcode: 70126
Organization: Derivatives MO & RBS-HR14453
Requisition Number: 1803779