BNY Mellon Careers
The Collateral & Clearance Technology group is responsible for building high-performance critical market platforms. The group designs, builds and supports the platform used for US Triparty Repo and Global Collateral Services solutions. This service has 85% of the US Triparty Repo business with $2.7trn of assets globally. This group supports the most critical client-facing services for BNY Mellon.
The group’s responsibility is building solutions to help our clients in collateral sourcing, collateral optimization and high-performance real-time transaction processing. Our collateral optimizer was the finalist in the Franz Edelman Award – considered the highest honor in Operations Research.
After the financial crisis, the Basel 3 regulations focused on the funding and liquidity efficiencies of the sell-side banks and the derivative margin positing for the buy-side. In order to meet these new market challenges, our group is working on building our next-generation collateral platform. The new platform will be built with strong big-data analytic capabilities to deliver to future client and regulatory requirements. Considering the mission-critical nature of the platform, we plan to invest significantly into the core engineering to address high-performance, high-availability, big-data, machine-learning and information risk at the outset.
The work environment is extremely fast-paced with very high levels of collaboration with global product managers (London & New York) and clients. We are looking at developers who are hands-on and able to face-off to the clients in designing solutions.
Principal Developer->> Consults with internal business groups to provide high-level application software development services or technical support. Provides comprehensive senior-level technical consulting to IT management and senior technical staffs. Evaluates compliance with the organization's technology standards. Works with internal business groups on implementation opportunities, challenges, and requirements of various applications. Analyzes information and provides recommendations to address and resolve business issues for a specific business group. Guides and consults with IT management and technical staffs regarding use of emerging technologies and associated services. Participates in defining corporate implementation and integration strategies of new technologies. Advocates for innovative, creative technology solutions. Contributes to the achievement of area objectives.
- BS or MS (Computer Science, Math, Physics, Engineering)
- CFA/FRM will be a big plus Experience
- 5-10 years of overall experience
- Core JAVA + frameworks is required
- Experience in an app dev role at buy/sell-side financial institutions or fintechs is strongly preferred
- Hands-on lead for enterprise risk/FI platforms is strongly preferred
- Strong understanding of capital markets is preferred
- Experience building high-performance, high-availability systems
- Having done production support is a plus
- Full-stack development experience will be a plus
- Worked in globally situated agile teams is a plus
Bachelor's degree in computer science engineering or a related discipline, or equivalent work experience required, 10-12 years of experience in software development required, experience in the securities or financial services industry is a plus.
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: bnymellon.com/careers.
Client Technology Solutions provides our business partners with client-focused, technology-based solutions. These enhance their ability to be successful through world-class software solutions and leading-edge infrastructure. Client Technology Solutions provides employees with the tools and resources to enhance their professional qualifications and careers.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New York-New York
Internal Jobcode: 45198
Job: Information Technology
Organization: Clearing Markets ISS Svcs Tech-HR16624
Requisition Number: 1811448