BNY
Vice President, Model Development I
Job Location
Job Description
Vice President, Model Development I
Miejsce pracy: WrocławYour responsibilities
- This role will be responsible for the development, enhancement and documentation of counterparty credit risk and treasury risk modeling methodologies.
- He/she will also assist in managing inbound questions, deliverables and ad-hoc requests with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines.
- Execute corporate-wide standards for model development by creating options for theoretical frameworks, collecting data needed, supporting assumptions, and reviewing outcomes
- Responsible for performance monitoring of models, identifying possible deterioration by comparing outcomes to established thresholds.
- This role requires regular (written and verbal) interactions with business, technology, and other stakeholders in the bank such as Finance, Treasury, Model Risk Management.
- Good inter-personal and negotiation skills are a key factor to accomplishing goals when interacting in a complex, multiple-priority environment. Strong programming skills in Python and R is desired.
Our requirements
- Strong quantitative skills: Master’s degree in a quantitative discipline, including Financial Engineering / Operations Research/ Economics / Econometrics / Statistics / Mathematics, etc. is required; PhD is a plus
- The candidate must have experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as Python and R) and have experience with database.
- Internship experience in quantitative modeling positions for a leading financial institution / central bank, consulting firm or similar
- Experience in fixed income and equity pricing
- Extremely focused, detail oriented and highly productive with ability to synthesize large amounts of data and various viewpoints and summarize key concepts
- Excellent organizational and communication (verbal and written) skills
- A proven track record of executing against deliverables and meeting deadlines under pressure
- Works well individually and in teams, shares information, supports colleagues, and encourages participation
What we offer
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
Benefits
- sharing the costs of sports activities
- private medical care
- sharing the costs of foreign language classes
- sharing the costs of professional training & courses
- life insurance
- remote work opportunities
- dental care
- retirement pension plan
- saving & investment scheme
- no dress code
- coffee / tea
- leisure zone
- employee referral program
- charity initiatives
Recruitment stages
- Application to the system
- On-line Interview
- Feedback within 2 weeks
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of VP Model Development. This role is located in Wroclaw – HYBRID. Title in the contract: Vice President, Model Development I. The quantitative model developer role sits in the Counterparty Credit Risk (Securities Finance Transaction) and Treasury Credit Risk Modeling Team.
At BNY, our culture speaks for itself. Here’s a few of our awards:
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
Role description and opportunities:
This position is responsible for developing, maintaining, and implementing risk models for quantifying counterparty credit risk and treasury credit risk inherent in the Corporation's business activities and processes. These models calculate key risk metrics that are reported to Senior Management and the Board of Directors on a regular basis as a key input to risk management decision making. The incumbent will be responsible to identify problems that can be solved by the application of financial theory and the building of models which improves the firm's operations. This will entail investigating and selecting frameworks best suited to solve a problem and deciding on the scope of the solution.
BNYFor over 235 years, Bank of New York (BNY) has been at the center of the global financial markets, providing the world’s leading institutions the tools, capabilities, and services to be distinctive investors. We power individuals and institutions to succeed in the global economy providing investment management, investment services and wealth management. With a dedicated business presence on six continents and in 35 countries, BNY delivers global scale at the local level. The Global Delivery Centre in Wroclaw is a growing location, predominately providing support services to BNY entities in the areas of fund accounting, investment operations and technology. Our organizational culture stands on solid values – Integrity, Strength in Diversity, Passion for Excellence and Courage to Lead. Our guiding principles drive us to always do what’s right, helping everyone feel included on the way, to take the risks necessary to lead and get things done.
Dear Applicant,If you apply for this role this means you agree with the following statement:Through my application for a role with BNY Mellon (Poland) sp. z.o.o. (the Company) I hereby authorize the Company to process my personal data for the purposes of recruitment. Furthermore I declare that I am aware of the voluntary submission of data and I am informed about the right to access the data and the right to correct it, pursuant to the Personal Data Protection Act of 29 August 1997 (Journal of Laws [Dz.U] No. 133, item 883)”. I authorise the Company to process my personal data for future recruitment processes.Furthermore, I authorize BNY Mellon and its’ affiliates, Taleo (UK) Limited to process my personal data.BNY Mellon and affiliates registration details.-BNY Mellon (Poland) sp. z.o.o Registered office – Swobodna 3, 50-088 WroclawThe Bank of New York Mellon (International) Limited – 1 Canada Square, London, E14 5ALThe Bank of New York Mellon SA/NV – 46 Rue Montoyerstraat, B-1000 Brussels, BelgiumTaleo (UK) Limited Registered office - 78-586 Chiswick High Road, London W4 5RP, United Kingdom.Please note that during the recruitment process you may be asked to provide further information and supporting documents. The information provided may be verified and reviewed, to the extent permitted by the law, as to their veracity and accuracy.Location: Wrocław, PL
Posted Date: 10/19/2024
Contact Information
Contact | Human Resources BNY |
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