Senior Quantitative Analyst for Counterparty Credit Risk Modeling

2 days ago


Pune, Maharashtra, India THE BANK OF NEW YORK MELLON CORPORATION Full time

About the Role:

The Bank of New York Mellon Corporation is seeking a highly skilled Senior Quantitative Analyst to join our Model Development team in Pune, India (Hybrid). As a key member of our team, you will be responsible for developing, maintaining, and implementing risk models for quantifying counterparty credit risk and treasury credit risk inherent in our business activities and processes.

Key Responsibilities:

  • Develop, enhance, and document counterparty credit risk and treasury risk modeling methodologies
  • Manage inbound questions, deliverables, and ad-hoc requests with an emphasis on accuracy and timeliness
  • Execute corporate-wide standards for model development by creating options for theoretical frameworks, collecting data needed, supporting assumptions, and reviewing outcomes
  • Monitor performance of models, identifying possible deterioration by comparing outcomes to established thresholds

Requirements:

  • Master's degree in a quantitative discipline, including Financial Engineering / Operations Research/ Economics / Econometrics / Statistics / Mathematics, etc. (PhD is a plus)
  • Experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as Python and R) and experience with database
  • Internship experience in quantitative modeling positions for a leading financial institution / central bank, consulting firm or similar
  • Experience in fixed income and equity pricing
  • Focused, detail-oriented, and highly productive individual with ability to synthesize large amounts of data and various viewpoints and summarize key concepts

Compensation and Benefits:

We offer a competitive salary range of $120,000 - $180,000 per annum, depending on qualifications and experience. Additionally, we provide a comprehensive benefits package, including health insurance, retirement savings plan, and paid time off.



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