Business & Data Analyst, Risk Modeling & Analytics

  • Free
  • Published date: August 20, 2023
    • Pennsylvania, United States

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment management and investment services in 35+ countries. As of July 18, 2023, BNY Mellon had $46.9 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on Follow us on Twitter @BNYMellon or visit our newsroom at for the latest company news.

Team, function, and roles:
Our group, Risk Modeling and Analytics (RMA), build and maintain highly visible enterprise-wide modeling programs, dedicated to a specific area of the business. The models make estimates that are key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. Our team, RMA Quantitative Analysis and Model Governance team, is responsible for managing most of the projects for the various RMA teams, including model development, regulatory compliance, and business process improvements.

- Applies techniques such as SQL and querying and macro development to extract data for populating models
- Provides analytical project management support for assigned area with some guidance
- Leads best practices initiatives in the implementation of smaller, full-scale projects
- Recognizes and escalates conflicts or anticipated issues to more senior team members.
- Liaises with model developers, model reviewers, auditors, and other LOB team members, etc. as needed to fulfill improvement plan requirements.
- Analyzes and defines requirements for business process improvement,
- As needed, maintain model documentations and conduct model testing
- Primarily responsible for the accuracy and quality of own work
- Reviews accuracy of reports and calculations performed by other colleagues.
- Translates complex technical concepts and analyses to non-technical audiences.
- Assist with providing recommendations for addressing observed outcomes.
- Interprets findings, prepares standard and ad-hoc reports, and delivers results to management.

Required Qualifications:
- Bachelors degree in a quantitative field is required. Advanced degree in quantitative analysis preferred.
- 3+ years experience is required
- Have solid quantitative and analytical background with good theoretical foundation coupled with strong programming, documentation and communications skills.

Preferred Qualifications:
- Graduate degree in a quantitative discipline, including engineering, mathematics, physics, statistics, economics, data science is preferred
- Experience in quantitative finance and technology preferred
- Experience with JIRA, Python, R, VBA, Bloomberg, and SQL is preferred
- Knowledge of financial industry products is preferred

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.

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 & 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:

Risk and Compliance provide risk and compliance services across all BNY Mellon businesses. Organizationally, Risk and Compliance includes the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Risk managers provide shared support to BNY Mellon for operational risk services for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. This is accomplished through business- and business partner-specific teams of professionals, under centralized global management.
Reference : Business & Data Analyst, Risk Modeling & Analytics jobs

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