Vice President, Model Development

BNY; Pune District; On-site; INR 2,500,000 - 5,000,000; Full time

Benefits offered by this job

Competitive compensation

Wellbeing programs

Generous paid leaves

Job summary

BNY is seeking a Quantitative Developer to join the risk modelling team. You’ll design and implement core components for CPFE and other risk engines, working on fixed income pricing, and production‑grade software engineering.

The role combines quantitative development, derivatives pricing, and scalable analytics used in production, collaborating with quants, model developers, risk managers, and technology partners across the risk architecture programme.

Qualifications

• Strong Python software development experience with optional C++.
• Experience building quantitative analytics or pricing libraries for financial products.
• Solid understanding of fixed income and derivatives valuation.
• Experience with production‑quality software engineering practices and testing.

Responsibilities

• Design, develop, and enhance in‑house pricing and risk analytics software for fixed income and derivatives.
• Contribute to CPFE framework core components and risk engines.
• Support orchestration of pricing requests across risk engines.
• Re‑engineer data pipelines for market data and stress scenarios.
• Implement analytics for NPV, mark‑to‑market, and sensitivities.
• Improve pricing models for complex fixed income products.
• Ensure robust, maintainable, production‑grade software and participate in CI/CD.
• Collaborate with quants, model developers, risk managers, and tech partners.

Skills

Python

C++

Quantitative development

Derivatives pricing

Fixed income

Software engineering

Testing practices

CI/CD

Version control

Numerical computing

Tools

Git

CI/CD pipelines

Python IDEs

C++ development env

Job description

Job Description

We are seeking a Quantitative Developer to join the development team within risk modelling group. This role is critical to the delivery of strategic risk architecture initiatives, including the development and enhancement of risk analytics platform for Counterparty Potential Future Exposure (CPFE) and Trading Book Value at Risk (VaR).

Successful candidate will contribute to the design and implementation of core components of the new risk stack, which underpins the CPFE framework and other risk engines used in the broader VaR architecture.

This is a hands‑on role at the intersection of quantitative development, derivatives pricing, and production‑grade software engineering. It is well suited to someone who combines strong coding ability with a solid understanding of fixed income and derivatives valuation, and who is motivated by building robust, scalable analytics used directly in production.

In this role, you’ll make an impact in the following ways:

• Design, develop, and enhance in-house pricing and risk analytics software for fixed income securities and derivatives
• Contribute to the build‑out core components of the CPFE framework.
• Support development of orchestrator for handling pricing requests across multiple risk engines
• Re‑engineer and improve end‑to‑end data pipelines for market data, trade data, and stress scenarios
• Implement and maintain analytics for mark‑to‑market, net present value, price under shocks, and sensitivities
• Enhance pricing models for complex products, including callable bonds, convertible bonds, and other structured fixed income instruments
• Ensure software is robust, maintainable, safe, and performant for direct production use
• Write high‑quality code in Python and C++, following sound engineering and testing practices
• Participate in code reviews, automated testing, and CI/CD processes
• Use deterministic tooling and engineering controls to maintain code quality and reliability
• Collaborate closely with quantitative analysts, model developers, risk managers, and technology partners across the wider risk architecture programme.

To be successful in this role, we’re seeking the following:

• Strong experience in Python software development, C++ is a plus
• Experience developing quantitative analytics or pricing libraries for financial products
• Good understanding of fixed income and derivatives pricing
• Experience implementing or supporting valuation and risk measures such as NPV, mark‑to‑market, sensitivities, or stress pricing
• Familiarity with production‑quality software engineering practices, including testing, version control, and maintainable code design
• Ability to work effectively in a hands‑on development environment with a strong focus on numerical correctness, robustness, and performance
• Strong problem‑solving skills and ability to work across both quantitative and engineering domains

About Us

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting‑edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what is all about. Join us and be part of something extraordinary.

About The Team

At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom & BNY LinkedIn

Here’s a Few Of Our Recent Awards

• America’s Most Innovative Companies, Fortune, 2025
• World’s Most Admired Companies, Fortune 2025
• “Most Just Companies”, Just Capital and CNBC, 2025

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.