SrGrpMgr, Model Dev

Job Description

Position Summary:

 

 

The Senior Group Manager (Financial Modeling Director) will be in charge of managing multiple  model development areas within a discipline.  The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. The role will be to oversee execution of the corporate-wide standards for model  development. This will entail investigating and selecting frameworks best suited to solve a problem and deciding on the scope of the solution. Incumbent will manage the schedule, scope, and resources of development areas.  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 may lead work in one of five disciplines, each responsible for a different type of modeling:
1) Credit Risk Modeling
2) Treasury Modeling
3) Market Risk Modeling
4) Pricing Modeling
5) Forecasting

 

Alternative Title:
The incumbent may be called Deputy Head of Development where the responsibilities covers the coordination  across all modeling areas within a discipline.

 

Primary Responsibilities:

 

 

For multiple modeling areas, create development schedules and ensure analyst resources are assigned.30%Execute corporate-wide standards for model development, by ensuring the scope of efforts across modeling areas is properly set.  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 reviewed20%Evaluate  the strengths and weaknesses of framework options and identify which is most likely to meet the needs of the business.15%Reviews and writes model documentation.15%Ensure performance monitoring, support for validation efforts, and communication of results to management is properly occurring.10%Engage model owners and business users of models to agree on possible controls that have been identified as part of a validation effort.10%

 

 

Leadership:

 

Direct management of a team of senior professionals and subordinate managers to include performance management and coaching.  Manage financial resources/ budget for unit.

 

Job Scope:

 

Responsible for the supervision of managers and coordination of functional resources; establishes department priorities, policies and procedures. 

 

 

Qualifications

Education:

 


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

 

Experience:

 


12-15 years of total work experience with at least 3-5 years in management preferred. Experience in financial services, technology and with programming, documentation and communication preferred. Complex quantitative modeling, numerical analysis, computational methods using programming languages (e.g., C/C++, C#, Java, FORTRAN, MATLAB, SAS) and mathematical/statistical software packages experience may be 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 Employer.

Primary Location: India-Maharashtra-Pune
Job: Risk
Internal Jobcode: 85362
Organization: Risk-HR06016
Requisition Number: 1917312