Senior Principal Business Analyst: OTC Pricing & Risk

BNY Mellon; New York (NY); On-site; USD 170,000 - 250,000; Full time

Job summary

BNY Mellon is seeking a Senior/Principal Business Analyst to join the Execution Services: Risk & PnL team in New York. You will lead pricing method development, support day-to-day PnL and risk explanations, and collaborate with risk, quant and trading groups on pricing tools and testing.

The role requires deep OTC derivatives knowledge, strong SQL and scripting skills, and experience with pricing models and curve construction. A robust track record in risk analytics is expected.

Qualifications

• Bachelor's degree in computer science or related discipline, advanced degree preferred.
• 10-12+ years of OTC derivatives experience.
• 10+ years managing OTC trade processing/pricing/risk tools.
• Software development knowledge required.
• Knowledge of OTC products: CDS, IRS, Swaptions, Caps-Floors, FX swops, X-CCY swaps, exotic products.
• Understanding discounting methods and SOFR/ESTER implementations.
• Life cycle management of OTC products.
• Experience with testing concepts and frameworks.
• Experience building curves for pricing OTC products.

Responsibilities

• Participate in development of pricing methods for trading.
• Support pricing, PnL, and risk explanations.
• Collaborate with risk and quantitative groups.
• Develop and test pricing tools with traders.
• Create system testing procedures.
• Consult with internal teams on pricing tool development.

Skills

SQL

Scripting language

FpML/XML

Quantitative analysis

Pricing knowledge

Education

Bachelor's degree in computer science or related discipline

Advanced degree preferred

Tools

SUMMIT Trading System

Job description

BNY Mellon is seeking a Senior/Principal Business Analyst to join the Execution Services: Risk & PnL team in New York. You will lead pricing method development, support day-to-day PnL and risk explanations, and collaborate with risk, quant and trading groups on pricing tools and testing.

The role requires deep OTC derivatives knowledge, strong SQL and scripting skills, and experience with pricing models and curve construction. A robust track record in risk analytics is expected.