Market Risk Modeling Analyst Job

BNY Mellon
(View company profile)
New York City, NY
Job Type:
Full Time

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Job Description

Market Risk Modeling Analyst (Job Number: 1306234)

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 36 countries and more than 100 markets. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Additional information is available at

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.


The Modeling Analyst is responsible for designing, testing, and maintaining either market risk or counter-party risk models used for trading limits management and regulatory and economic capital calculations. Model design and testing involves intensive theoretical work followed by implementation of conceptual models using software. The Analyst is also responsible for maintaining the team s model validation and review schedule involving running each model through various benchmarking tests and backtests to confirm their reliability. The Analyst also offers support to the Front Office and performs various reporting functions for Front Office, management, and customer relationship managers.


Bachelor's Degree. M.A. or Ph.D. in a quantitative field, physics, mathematics or statistics preferred. 1 year. 2-4 years preferred. Matlab, C++ preferred.

Primary Location: United States-USA-NY-New York
Internal Jobcode: 24260
Job: Audit/Compliance/Risk
Organization: Risk-HR06016

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