BNY Mellon Careers
Sr. Manager, Quant Modeler
Incumbent must be able to provide intellectual leadership in terms of conducting cutting-edge research, identifying latest trends and developments in modeling, and recommending alternative solutions to analytically challenging problems. The incumbent will lead work in these modeling disciplines: 1) Scenario Generation Framework; 2) Pricing Function Modeling; 3) Stress Test Forecast Modeling; 4) Creation of Analytical Tools to Explain/Test Modeled Results
The incumbent will manage a team of four to five modelers and be responsible for:
Providing intellectual leadership in designing platform architecture, development environments to be used, defining development components and coordinating execution of development
Creating development schedules and ensuring proper allocation of analyst resources
Executing corporate-wide standards for model development, by ensuring proper scope of effort. This entails overseeing the frameworks that will be used, the source data that should be collected, assumptions that should be made, and the outcomes that need to be reviewed
Evaluating the strengths and weaknesses of framework options and identifying which is most likely to meet the needs of the business
Reviewing and writing clearly-expressed model documentation according to internal documentation standards
Overseeing performance monitoring, support for validation efforts, and communication of results to management
Engaging model owners and business users of models to agree on possible controls that have been identified as part of a validation effort
Directing management of a team of senior professionals and subordinate managers to include performance management and coaching
Managing financial resources/ budget for unit
Being responsible for the supervision of managers and coordination of functional resources, establishing department priorities, policies and procedures, adhering to local regulations/requirements
Master's Degree/PhD in a quantitative discipline, such as mathematics, physics, engineering or other highly quantitative discipline. The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills. 7-10 years of total work experience with at least 1-3 years in management preferred. Experience in financial services preferred. Complex quantitative modeling, numerical analysis, computational methods using programming languages, particularly C/C++, Python, R and SQL strongly preferred. Applicable graduate/post-graduate sponsored research or work-study programs may be an acceptable substitute for some years of direct work experience.
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: 85362
Requisition Number: 1907378