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.
Position Summary
The Model Development II role will contribute to the biggest modeling department within the BNY. The candidate will join Economic Capital Modeling team supporting ICAAP/ICARA processes and will be expected to provide end to end support for models providing 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 is expected to be executed with adherence to the corporate-wide standards for model development and best industry practices. The incumbent will be responsible for identifying problems that can be solved by the application of financial theory and development of models improving the firm's operations. This can entail investigating and selecting frameworks best suited to solve a problem and deciding on the scope of the solution.
In this role, you’ll make an impact in the following ways:
- 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.
- Guidance and oversight of more junior members.
To be successful in this role, we’re seeking the following:
- Master's Degree/PhD in a quantitative discipline such as engineering, mathematics, physics, statistics, economics. The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills.
- Minimum 3 years (5-7 preferred) of modeling related experience preferably in financial services. Must have experience with stochastic processes, numerical analysis, and computational methods using programming languages (preferable Python) as well as mathematical/statistical software packages.
- Extremely focused, detail oriented, with inquisitive nature. 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 is expected to be able to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.
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
Our Benefits and Rewards:
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.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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