SVP, Principal Business Analyst – Third Party Application Engineering
BNY Mellon1 day ago
Responsibilities
- Develop pricing methods and support pricing tools for trading and business groups.
- Analyze and support day-to-day pricing, PnL, PnL explainability, and risk issues.
- Support market risk, credit risk, VaR, and CCAR requirements in collaboration with risk-domain teams.
- Work with traders, quants, model valuation, operations, and development teams on OTC derivatives applications.
- Perform impact analysis for discounting methodology changes, including SOFR and ESTER implementations.
- Create and implement system testing procedures and support code testing.
- Provide application software development services and technical support for a specific business group.
- Consult with IT management and technical staff on emerging technologies and associated services.
Requirements
- Bachelor's degree in computer science or a related discipline, or equivalent work experience; an advanced degree is preferred.
- 10-12+ years of experience with OTC derivatives or equivalent experience.
- 10+ years of experience running, managing, or configuring OTC trade-processing, pricing, or risk-management tools.
- Software development knowledge is required.
- Understanding of OTC products including CDS, IRS, swaptions, caps/floors, FX swaps, cross-currency swaps, and exotic products.
- Ability to perform impact analysis based on discounting methodologies and understand SOFR/ESTER implementation changes.
- Understanding of OTC product lifecycle management, testing concepts and frameworks, and curve construction for pricing.
- Proficiency with SQL and a scripting language is desired.
- Understanding of FpML/XML and proficiency with the SUMMIT trading system are desired.
- Highly quantitative knowledge for analyzing pricing-domain issues and providing solutions is desired.
About BNY Mellon
BNY Mellon is a public, New York–based global financial services company providing investment and wealth management, asset servicing, clearance, collateral, and treasury services to institutions, banks, governments, and individuals. It also offers data and investment operations software, including the Eagle platform, delivered as cloud and managed services. Founded in 1784, it is one of the world’s largest custodian banks and asset servicers.