Pricing Analyst

About the role

The Pricing Analyst plays a crucial role within the pricing team at BBH, contributing to the fair value pricing of fixed income securities, structured credit, and other instruments managed by BBH. This position requires a solid understanding of financial markets, strong analytical skills, and a collaborative mindset.

Responsibilities

• Determine fair value price for securities/instruments not covered by an external pricing vendor and submit to CP’s Valuation Oversight Committee ("CPVOC") for approval
• Review, research, and resolve pricing exceptions in a timely manner
• Escalate pricing issues to the head of the pricing team and CPVOC for review
• Work with external pricing vendors and valuation specialists to establish, implement, and maintain appropriate valuation approaches and related cash flow models for complex structured securities
• Lead periodic due diligence reviews of external pricing vendors and valuation specialists
• Validate securities’ fair value pricing based on broker quotes, comparable bonds’ spreads/yields (proxy calculations)
• Initiate price challenges with approved pricing vendors as appropriate
• Work with traders, brokers, CPVOC members to determine/calculates fair value pricing for securities/instruments not covered by approved pricing vendors
• Prepare pricing-related materials for the monthly CPVOC meetings
• Present the pricing update (exceptions, resolution, and related commentary) at the monthly CPVOC meetings
• Identify, validate, and contribute key pricing data points for the fair value forms
• Aid with a variety of ad hoc projects to improve pricing workflows
• Respond to clients’ requests for pricing information
• Respond to auditors’ requests for pricing information and assist in ASC 820 fair value level hierarchy determinations
• Maintain the pricing team’s desk procedures for completeness and accuracy

Qualifications

• Bachelor’s degree in Accounting or Finance
• At least 1 year experience performing the fixed income pricing function
• Solid understanding of the financial markets, including fixed income markets and structured credit securities and instruments
• Strong work ethic, reliability, and commitment to all aspects of the pricing work
• Collaborative, adaptable, and forward-thinking in redesigning workflows for efficiency
• Proficient in the use of Bloomberg and Microsoft Excel
• Data analysis skills are a plus

Salary Range

NY: $75,000 - $85,000 base salary + annual bonus target

Benefits

BBH and its affiliates offer a comprehensive benefits package that includes base salary, discretionary bonuses, and profit-sharing. The company also provides additional perks such as long-term savings, healthcare, income protection, professional development opportunities, and time off to support the well-being of its employees. BBH values diverse experiences and transferrable skillsets, encouraging applications from candidates who don't fit traditional qualifications.

About BBH

Brown Brothers Harriman (BBH) is a premier global financial services firm known for premium service, specialist expertise, technology solutions, and a partnership approach to client management. BBH works with sophisticated clients, making it their first call when tackling challenging issues. The company believes in delivering exceptional service and expert advice, fostering a culture of innovation and collaboration. BBH offers a wide range of benefits, including a supportive work environment, competitive compensation, and opportunities for personal and professional growth.