SVP, Principal Business Analyst - Third Party Application Engineering

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

We're seeking a future team member for the role of Senior/ Principal Business Analyst to join our Execution Services: Risk & PnL team. This role is in New York

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

• Participate in team-developing mission-critical systems that are dependent on financial market transitions and support day-to-day enhancements across front office, Operations and Asset Servicing

• Will be in-charge for developing Pricing Methods working closely with trading & Quantitative groups

• Analyze/ Support operations/ Trading/ Quants and other groups around day-to-day pricing / PnL / PnL explanatories in a timely manner

• Work closely with Risk Domain to support each domain's Risk Needs (Market Risk/ Credit Risk/ VaR/ CCAR)

• Collaborate with quantitative group, Model Valuation Group and traders for Supporting / Testing the code

• Create and implement system testing procedures

• Principle Business Analyst ->> Consults with internal team members and other senior development team members in developing Pricing tools for trading. business groups to provide high-level application software development services or technical support. Analyzes information and supports lines of business to address and resolve business issues for a specific business group. Consults with IT management and technical staff regarding use of emerging technologies and associated services
  

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

• Bachelor's degree in computer science or a related discipline, or equivalent work experience required, advanced degree is preferred.

• 10-12+ years of experience of equivalent work experience in OTC derivatives

• 10+ Years of experience running / Managing/ Configuring OTC Trade Processing/ Pricing / Risk Management Tools

• Software development knowledge is necessary

• Understanding OTC Products - CDS/ IRS/ Swaptions/ Caps-Floors/ FX SWAPS/ X-CCY SWAPS / Exotic Products

• Ability to perform Impact Analysis based on discounting methodologies

• Understanding around the implementation & changes necessary to implement SOFR/ ESTER discounting

• Understanding of Life Cycle Management of OTC products

• Familiarity with testing concepts and frameworks

• Understanding & Proficiency around building curves for pricing OTC products [ Boot Strapping the zero curves and building scenarios & base curves for pricing]

Desired Skills and Experience:

• Deep Understanding of OTC derivatives & Pricing of OTC ( Fixed Income Products)

• Proficiency with SQL and Scripting language

• Understanding of FpML / XML

• Product Proficiency - SUMMIT Trading System

• Highly quantitative knowledge to analyze the issues and provide necessary solutions within the pricing domain