Senior Specialist, Model Risk at BNY Mellon (Pittsburgh, PA)

| Pittsburgh, PA
Sorry, this job was removed at 8:48 p.m. (CST) on Sunday, June 19, 2022
Find out who's hiring in Pittsburgh, PA.
See all Data + Analytics jobs in Pittsburgh, PA
Apply Now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
The Senior Specialist (Model Risk Senior Analyst) will contribute to highly visible enterprise-wide model development function in the organization. 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 execute enterprise standards for model validation. The incumbent will be responsible for leading work to identify and evaluate model risk as well as propose controls to manage that risk. This will entail investigating the weaknesses of a framework and setting the scope and designing tests for a validation effort, appropriate to that framework. The incumbent may work in one of five disciplines, each responsible for a different type of modeling:1) Credit Risk Modeling2) Treasury Modeling3) Market Risk Modeling4) Pricing Modeling5) ForecastingExecute enterprise standards for model validation, by setting the scope of a validation effort. This entails designing the tests and review activities necessary to evaluate a model.Responsible for evaluating the strengths and weaknesses of a model's conceptual framework to identify situations where a model may become less useful.Reviews accuracy of reports and calculations performed by less experienced colleagues.The incumbent will be responsible for reviewing the risks identified by more junior analysts and formulating the proposed controls into a plan of action for management.No direct reports,, provides guidance to more junior analysts. Responsible for the technical direction, accuracy and soundness of quantitative methods in the assigned area. Decisions and assumptions recommended by the incumbent have significant impact on the financial and risk position of the Bank or legal entity supported. Modified based upon local regulations/requirements.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.Minimum 2 years (2 - 5 preferred) of modeling experience in financial services. Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages. Must be extremely focused, detail oriented, results oriented and highly productive. Must have a proven track record of being able to efficiently and effectively conduct independent research, analyze problems, formulate and implement solutions, and produce quality results on time. The candidate must have excellent scientific and technical documentation and presentation skills, assertiveness & influencing skills, and the skills to explain abstract theoretical concepts to a non-expert audience in easy-to-understand languageBNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
More Information on BNY Mellon
BNY Mellon operates in the Fintech industry. The company is located in New York, NY. BNY Mellon was founded in 2022. It has 41739 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 288 open jobs at BNY Mellon, click here.
Read Full Job Description
Apply Now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Similar Jobs

Apply Now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
Save jobView BNY Mellon's full profileFind similar jobs