SVP, Principal Business Analyst - Third Party Application Engineering

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

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.