Senior Vice President, Model Development Lead

3 days ago


Pittsburgh, Pennsylvania, United States BNY Full time
Job Summary

We are seeking a highly experienced Senior Vice President to lead our Model Development team. The ideal candidate will have a strong background in quantitative modeling and risk management, with a proven track record of delivering complex projects on time and within budget.

About the Role

This role will involve developing, maintaining, and implementing risk models for quantifying market and credit risk across the corporation. You will work closely with stakeholders to identify business needs and develop solutions that meet those needs. Additionally, you will be responsible for managing inbound questions, deliverables, and ad-hoc requests, with a focus on accuracy and timeliness.

Main Responsibilities
  • Develop and maintain risk models for market and credit risk across the corporation
  • Work closely with stakeholders to identify business needs and develop solutions
  • Manage inbound questions, deliverables, and ad-hoc requests
  • Identify problems that can be solved by applying financial theory and building models
Requirements

To be successful in this role, you will need:

  • A Master's degree in a quantitative discipline (e.g., Financial Engineering, Operations Research, Economics, Econometrics, Statistics, Mathematics)
  • A minimum of 5 years' experience in quantitative modeling positions, preferably in a leading financial institution or consulting firm
  • Strong programming skills in Python and R, with experience using databases focused on fixed income and equity pricing
  • Excellent organizational and communication skills, with the ability to synthesize large amounts of data and summarize key concepts
Benefits

BONY offers a highly competitive compensation package, including base salary, discretionary bonuses, short and long-term incentive packages, and company-sponsored benefit programs. The estimated salary range for this position is between $120,000 and $190,000 per year, depending on location and experience.



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