About this role
At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. 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]
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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