Overview

ABOUT BNY MELLON

Bring your ideas. Make history. 
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital. With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about. 

We’re seeking a future team member for the role of Specialist, Model Development Risk Modelling to join our Risk& Compliance team. This role is located in Poland, Wroclaw – HYBRID.

The Model Development Specialist will contribute to highly visible enterprise-wide modelling programs, dedicated to a specific area of the business. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. The role will be to execute corporate-wide standards for model development. The incumbent will be responsible for identifying problems that can be solved by the application of financial theory and the building of models which improves the firm's operations. This will entail investigating and selecting frameworks best suited to solve a problem and deciding on the scope of the solution. The Role offers wide range of development opportunities given the incumbent team maintains models from variety of disciplines

• Credit Risk Modelling 
• Treasury Modelling 
• Market Risk Modelling 
• Operational Risk Modelling 

As a model developer, the incumbent will be responsible for:

• Development, maintenance and execution of Economic Capital models 
• Cooperation with validation team. This entails determining the frameworks that will be used, the source data that should be collected, assumptions that must be made, and the outcomes that need to be reviewed.
• Evaluate the strengths and weaknesses of framework options and identify which is most likely to meet the needs of the business.
• Ensure accuracy of reports and calculations performed, ensures proper model documentation is being put in place.
• Support the validation of models, the incumbent is expected to provide testing and analysis at the request of Model Risk Management.
• Support the use of models.
• Execute models in accordance with approval conditions and communicate results to management. 
• Performance monitoring of models, identifying possible deteriorating by comparing outcomes to established thresholds. 

The Incumbent is responsible for the technical direction, accuracy and soundness of quantitative methods in the assigned area. Decisions and assumptions recommended by the incumbent have significant impact on the financial and risk position of the Bank or legal entity supported. Modified based upon local regulations/requirements. 

Requirements:

• Master's Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, economics. The candidate must have a quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills. 
• 1 - 5 years of relevant experience in financial services. 
• Knowledge and familiarity with various risk concepts, with Credit risk business knowledge would be considered as a plus
• Good programming skills in one of the programming languages: Python/R/C++
• Experience with complex quantitative modelling, numerical analysis, and computational methods would be considered as a plus
• Focused, detail oriented, results oriented and highly productive. 
• Being able to efficiently and effectively conduct independent research, analyse problems, formulate and implement solutions, and produce quality results on time. 
• Strong scientific and technical documentation and presentation skills, and being able to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.

Our offer

• Full time contract of employment
• City Centre locations close to main railway station and flexible working arrangements
• Flexible benefits package, including life and medical insurance, health screening, fitness discount programme, employee assistance program
• Award-winning Wellbeing Program supporting you with your unique health and wellbeing needs
• Pension scheme 
• On-site childcare and a parental buddy programme
• Exciting opportunities for career and global mobility
• Diverse and inclusive environment
• Employee Referral Program
• Recognition programmes

At BNY Mellon, our inclusive culture speaks for itself. Here’s a few of our awards: 

• Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion 
• Bloomberg’s Gender Equality Index (GEI)
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score 
• 100 Best Workplaces for Innovators, Fast Company
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• CDP’s Climate Change ‘A List’

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.