Who we are:

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Team, function, roles:

The Senior Model Development Specialist will contribute to highly visible enterprise-wide modelling programs, dedicated to a specific area of the business. The models make 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 will be to execute corporate-wide standards for model development. The incumbent will be responsible for identifying 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. 

The Role offers wide range of development opportunities given the incumbent team maintains models from Credit and Market Risk Modelling 

As a model developer, the incumbent will be responsible for:

• Performance monitoring of models, identifying possible deteriorating by comparing outcomes to established thresholds, developing benchmarking models and tools
• Cooperation with validation team. This entails determining the frameworks that will be used, the source data that should be collected, assumptions that must be made, and the outcomes that need to be reviewed.
• Ensure accuracy of reports and calculations performed, ensures proper model documentation is being put in place.
• Support the businesses using the models and their results, develop risk analytics to explain and attribute changes in valuations and risk measures resulting from the models
• Communicate efficiently witing the modelling team, as well as with the risk officers, business, technology.

The Incumbent is 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. Modified based upon local regulations/requirements. 

• Master's Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, economics. The candidate must have a quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills. 
• 1 - 5 years of relevant experience in financial services. 
• Knowledge and familiarity with various risk concepts, with Credit risk business knowledge would be considered as a plus
• Good programming skills in one of the programming languages: Python/R/C
• Experience with complex quantitative modelling, numerical analysis, and computational methods would be considered as a plus
• Focused, detail oriented, results oriented and highly productive. 
• Being able to efficiently and effectively conduct independent research, analyse problems, formulate and implement solutions, and produce quality results on time. 
• Strong scientific and technical documentation and presentation skills, and being able to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.

Our offer: 

• Full time contract of employment

• City Centre locations close to main railway station and flexible working arrangements

• Flexible benefits package, including life and medical insurance, health screening, fitness discount programme, employee assistance program

• Award-winning Wellbeing Program supporting you with your unique health and wellbeing needs

• Pension scheme 

• On-site childcare and a parental buddy programme

• Exciting opportunities for career and global mobility

• Diverse and inclusive environment

• Employee Referral Program

• Recognition programmes

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans.

Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.