Senior Specialist, Treasury and ALM

Employer
BNY Mellon
Location
Pittsburgh, USA
Salary
Competitive
Posted
Nov 30, 2022
Closes
Dec 14, 2022
Ref
17961378
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview

The Senior Specialist will contribute to highly visible enterprise-wide modeling programs, for Corporate Treasury - Asset Liability Management. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. The candidate will join a talented global team of Treasury personnel responsible for the company's asset and liability management, capital management, interest rate and liquidity risk management.

The role will be to execute corporate-wide standards for model development. The incumbent will be responsible for leading work to identify problems that can be solved by the application of financial theory and the building of models which improves the firm's operations. This will entail investigating and selecting frameworks best suited to solve a problem and deciding on the scope of the solution. This position will be primarily focused on CCAR Balance Sheet and NII Forecast modeling.

Execute corporate-wide standards for model validation, by setting the scope of a development effort. This entails determining the frameworks that will be used, the source data that should be collected, assumptions that must be made, and the outcomes that need to be reviewed. Evaluate the strengths and weaknesses of framework options and identify which is most likely to meet the needs of the business.

Support the validation of models, the incumbent is expected to provide testing and analysis at the request of Model Risk Management. The incumbent will be responsible for performance monitoring of models, identifying possible deteriorating by comparing outcomes to established thresholds.

Reviews accuracy of reports and calculations performed by less experienced colleagues, ensures proper model documentation is being put in place. Support the use of models, the incumbent is expected to execute models in accordance with approval conditions and communicate results to management.

Conduct special projects and ad-hoc analyses/reporting as requested. Provides technical guidance to less experienced team members on complex issues.

Interact with LOBs, Risk and Audit on CCAR related matters. May represent the Bank in interactions with applicable regulators.

Responsible for the technical direction, accuracy and soundness of quantitative methods in the assigned area. Decisions and assumptions recommended by the incumbent have significant impact on the financial and risk position of the Bank or legal entity supported.

Qualifications

Master's Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, economics.

The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills.

Minimum 5 years of experience, preferably in financial services industry.

Must have experience with complex quantitative modeling, numerical analysis, and programming/statistical languages (such as Python, SAS, R).

Must be extremely focused, detail oriented, results oriented and highly productive. Must have a proven track record of being able to efficiently and effectively conduct independent research, analyze problems, formulate and implement solutions, and produce quality results on time.

The candidate must have excellent scientific and technical documentation and presentation skills, assertiveness & influencing skills, and the skills to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $89,500 and $159,650 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

EEO Statement:

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
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