Senior Macroeconomic Forecasting & Model Risk Developer

BNY Mellon; Pittsburgh (Allegheny County); On-site; USD 110,000 - 160,000; Full time

Job summary

BNY Mellon in Pittsburgh, PA or Lake Mary, FL, seeks Senior Specialist, Model Risk Developer to join the Modeling & Analytics team. You will develop, enhance and document macroeconomic forecasting methodologies and support the execution of forecasts used in risk scenarios.

The role involves collaboration with vendors, forecasting partners and downstream modelers across Finance, Treasury and Model Risk Management. Strong programming in R is desired.

Qualifications

• Master's degree in Economics/Econometrics/Quantitative Finance/Statistics/Mathematics or related field; PhD a plus.
• 2+ years of work experience in research/forecasting for a leading financial institution or similar, with strong economics background.
• Experience in forecasting and statistical analysis of macroeconomic and/or financial modeling a plus.
• Strong programming and documentation skills; experience with R, Python, EViews, Stata is a plus.
• Excellent organizational and communication skills; ability to meet deadlines under pressure.
• Ability to work both independently and in teams, sharing information and supporting colleagues.

Responsibilities

• Develop, enhance and document macroeconomic forecasting methodologies.
• Support execution of macroeconomic forecasts for scenarios, working with vendors and forecasting partners.
• Manage inbound questions, deliverables and ad-hoc requests with focus on accuracy and timeliness.
• Interact with downstream modelers and bank units such as Finance, Treasury, Model Risk Management.
• Demonstrate strong interpersonal and negotiation skills in a complex, multi-priority environment.

Skills

Macroeconomic forecasting

R programming

Data analysis

Communication skills

Education

Master's degree in Economics / Econometrics / Quantitative Finance / Statistics / Mathematics

PhD is a plus

Tools

R

Python

EViews

Stata

Job description

BNY Mellon in Pittsburgh, PA or Lake Mary, FL, seeks Senior Specialist, Model Risk Developer to join the Modeling & Analytics team. You will develop, enhance and document macroeconomic forecasting methodologies and support the execution of forecasts used in risk scenarios.

The role involves collaboration with vendors, forecasting partners and downstream modelers across Finance, Treasury and Model Risk Management. Strong programming in R is desired.