Senior Specialist, Model Risk Developer
BNY · Pittsburgh, PA · 1 mo ago
HybridFull-time
About the role
We’re seeking a future team member for the role of Senior Specialist, Model Risk Developer to join our Modeling & Analytics team. This role is located in Pittsburgh, PA or Lake Mary, FL.
Responsibilities
- Develop, enhance, and document macroeconomic forecasting methodologies.
- Support the execution of macroeconomic forecasts that make up the scenarios, working closely with vendors, key forecasting partners, and scenario consumers and subject matter experts.
- Assist in managing inbound questions, deliverables, and ad‑hoc requests with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines.
- Engage regularly (written and verbal) with downstream modelers who use macroeconomic scenarios and with various bank units such as Finance, Treasury, and Model Risk Management.
- Apply strong interpersonal and negotiation skills to accomplish goals in a complex, multiple‑priority environment.
- Utilize strong programming skills in R (desired).
Requirements
- Master’s degree in a quantitative discipline (Economics/Econometrics/Quantitative Finance/Statistics/Mathematics, etc.); PhD is a plus.
- 2+ years of work experience in research/forecasting/business analytics for a leading financial institution/central bank, consulting firm, or similar, with a strong background/interest in economics.
- Experience in forecasting and statistical analysis of macroeconomic and/or financial modeling (a plus).
- Superb analytical background with a solid theoretical foundation coupled with strong programming and documentation skills.
- Experience with programming languages/statistical software (e.g., R, Python, EViews, Stata) considered a plus.
- Extremely focused, detail‑oriented, highly productive; able to synthesize large amounts of data and various viewpoints and summarize key concepts.
- Excellent organizational and communication (verbal and written) skills.
- Proven track record of executing deliverables and meeting deadlines under pressure.
- Works well individually and in teams, shares information, supports colleagues, and encourages participation.
Benefits
- Highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and pay‑for‑performance philosophy.
- Access to flexible global resources and tools for your life’s journey.
- Focus on health, foster personal resilience, and reach financial goals as a valued team member.
- Generous paid leaves, including paid volunteer time, to support you and your family through moments that matter.
- Eligibility to enroll in a 401(k) plan.
- Company‑sponsored medical, dental, vision, and basic life insurance plans for employee and eligible dependents.
- Other benefits such as various paid time off (vacation, sick time), dependent on the position offered.