Job Description

Overview The Group Manager (Financial Modeling Manager) will be in charge of managing a model development function in the organization, dedicated to a specific area of the business. 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 role will be to oversee execution of the 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. Incumbent will manage the schedule, scope, and resources of a development area. Incumbent must be able to provide intellectual leadership in terms of conducting cutting-edge research, identifying latest trends and developments in modeling, and recommending alternative solutions to analytically challenging problems. The incumbent may lead the work of analysts in one of five disciplines, each responsible for a different type of modeling: 1) Credit Risk Modeling2) Treasury Modeling3) Market Risk Modeling4) Pricing Modeling5) ForecastingFor a modeling area, create the development schedule and ensure analyst resources are assigned.Execute corporate-wide standards for model development, by setting the scope of development efforts across a modeling area. 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.Reviews accuracy of reports and calculations performed by less experienced colleagues,, ensures proper model documentation is being put in place.Support the validation and use of models,, the incumbent ensures testing requested by Model Risk Management is provided and the results of models are communicated to management.Oversee the performance monitoring of models and recommend action based on comparison to thresholds.Engage model owners and business users of models to agree on possible controls that have been identified as part of a validation effort.Direct management of a team of analysts to include performance management and coaching. May manage financial resources/ budget for unit.Responsible for the supervision of team members and coordination of resources. Modified based upon local regulations/requirements.Master\'s Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics. The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills.5 years with Masters or 3-years with PhD required. Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages. 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 is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team \xe2\x80\x93 one that is representative and inclusive of the diverse talent, clients and communities we work with and serve \xe2\x80\x93 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.

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.