VP - OTC Derivatives Valuation
BNY MellonNew yorkUpdate time: September 16,2021
Job Description
Company: For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world’s leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon Is a Leader in The World of Investment Services And Investment Management, And Our Businesses Support The Full Range Of Stakeholders Of The Financial System. Team: OTC Derivatives Valuations is a specialized team within Global Operation and Technology Division of Bank of New York Mellon focused on providing pricing and analytics related to Valuation of Over The Counter (OTC) Derivatives to our clients. Our clients include Mutual Funds, Institutional Investors, Pension Funds, Hedge Funds, ETFs and other Financial Institutions seeking complex OTC Derivatives to manage the financial risks. We operate from Singapore, India, Poland, Ireland and the United States. The US team is 15+ members (and growing) and supports domestic and international institutional clients. In the US, the team operates from New York, NY and Orlando, FL. Our team is primarily responsible for: Execution of daily pricing, review and analysis tasks related to valuation of OTC Derivatives across Rates, FX, Credit, Equities and Commodities asset classes Providing analytics and explanation of price movements for OTC derivatives using data and analytics Facilitating onboarding of new clients and servicing existing clients Having a deep understanding of the market inputs required for and technical aspects of the valuation of OTC Derivatives Identification, ownership, and execution of strategic projects related to pricing and valuation of OTC Derivatives Provide valuation expertise and oversight for matters relating to OTC Derivatives to internal and external stakeholders Formal Title Grp Mgr, Data Mgmt Quant Analysis Role: As a VP within the OTC Derivatives Valuations Team (in NYC, New York),you will Manage a large team of data management and/or quantitative analysis professionals who prepare data sets and conduct statistical, financial and econometric modeling for internal or external clients. You will be leading a team of quantitative analysts and will be reporting to the Head of US OTC Valuations. Your primary responsibilities will include supervision of daily production of OTC Derivatives Valuations, managing internal stakeholders and clients, onboarding of new clients and businesses, vendor management, managing pricing and valuation queries and escalations and representing the OTC Valuation team in front of clients and internal stakeholders. You will oversee monitoring of KRIs and KPIs for the business line, management reporting, adherence to SLAs, identification and mitigation of control gaps, implementation of data related technology changes to the core valuation system, documentation of controls and development of analytics for improving valuation process. Additionally, you will be responsible for recruitment, onboarding, goal setting, performance management, training and mentorship of the team. Qualifications Bachelors degree or the equivalent combination of education and experience is required. 5-7 years of total work experience with at least 0-1 years in management preferred. Experience in financial services preferred. Preferred Qualifications: 3 – 5 years of experience managing a team Ability to effectively prioritize, self-start and execute in high-pressure environment Proficiency in using Microsoft packages particularly Excel, Access and VBA Master’s degree in Finance, Engineering, Mathematics, Statistics Or; CFA Proficiency in using Microsoft packages particularly Access Proficiency in programming using Python, Pandas and related libraries 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. Primary Location: United States-New York-New York Internal Jobcode: 70122 Job: Operations Organization: Operations Middle Office-HR16346 Requisition Number: 2117731

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