JOE Listings (Job Openings for Economists)

August 1, 2021 - January 31, 2022

Bank of New York Mellon

Risk and Compliance - Risk Modeling and Analytics
Quantitative Model Developer

JOE ID Number: 2021-02_111468750
Date Posted: 01/05/2022
Position Title/Short Description
Title: Quantitative Model Developer
Section: Full-Time Nonacademic
Locations: New York, New York, UNITED STATES
Pittsburgh, Pennsylvania, UNITED STATES
JEL Classifications:
C0 -- General
C1 -- Econometric and Statistical Methods and Methodology: General
C5 -- Econometric Modeling
Keywords:
Econometrics
Statistics
Stress Testing
Banking
Finance
Data
Analytics
Full Text of JOE Listing:

We are looking for candidates with strong econometric modeling background to Economic Forecasting Group (EFG) in the Bank of New York Mellon (BNY Mellon). EFG is part of the Risk Modeling and Analytics (RMA) group within the Risk & Compliance (R&C) division of BNY Mellon.

Responsibilities:

•Development, enhancement and documentation of macroeconomic forecasting methodologies
•Support the execution of macroeconomic forecast scenarios, working closely with key forecasting partners in the bank.
•Communicate with downstream modelers that uses macroeconomic scenarios in the bank such as Finance, Treasury, Model Risk Management.

Required and desired skills/qualifications:

•PhD or Master’s degree in Economics / Econometrics / Quantitative Finance / Statistics / Mathematics, etc. is required
•2+ years of work experience in research / forecasting / business analytics at a leading financial institution / central bank or consulting firm
•Experience in forecasting and statistical analysis of macroeconomic/financial modeling a plus
•Superb analytical background with strong programming and documentation skills. Experience with programming languages or software (e.g., R, E-Views, Stata, Python) considered a plus. R is preferred.
•Extremely focused, detail oriented and highly productive with ability to synthesize large amounts of data and summarize key concepts
•Excellent organizational and communication (verbal and written) skills

Application Requirements:
  • External Application URL and Instructions Below
Application deadline: 01/31/2022
Application Instructions:
Please submit the applications directly through BNY Mellon's careers site via this direct link:https://bnymellon.eightfold.ai/careers?pid=10050431&query=mODEL%20DEVELOPER&domain=bnymellon.com&triggerGoButton=true