Model Development Leader

3 days ago


Pittsburgh, Pennsylvania, United States BNY Full time

We are seeking a Senior Vice President, Model Development Manager to join our BNY Risk team. This role can be located in Pittsburgh, PA; Lake Mary, FL; or New York City in a Hybrid work environment.

Company Overview

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. 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 it's all about.

This role will take the lead in the development, enhancement, and documentation of counterparty credit risk and treasury risk modeling methodologies.

Job Description

We regularly work in a few of the following areas: interest rate models for pricing swaptions, caps/floors, callable bonds, and mortgages; product knowledge and pricing techniques for interest rate swaps, FX forwards, and options, Equity Forward, Futures, and options, equity total return swaps, Credit Default Swaps; familiarity and experience with market and credit risk modeling.

  • You will also manage inbound questions, deliverables, and ad-hoc requests with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines.
  • Identify problems that can be solved by the application of financial theory and the building of models which improves the firm's operations.


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