Job Details

Pershing LLC seeks a Vice President, Data Management & Quantitative Analysis II for its New York, NY location. DUTIES: Develop statistical, financial and/or econometric models for analyzing asset performance, client reference data, securities data, derivative pricing, risk exposure or other sophisticated concepts. Provide analytical and project leadership for assigned area. Conduct advanced, complex statistical and quantitative analyses for assigned area. Collaborate with management to develop and implement the techniques and methodologies to be used for each type of activity/analysis. Perform data modeling and quantitative analysis projects. Use technology tools to conduct analyses. As an advanced user, may perform light programming or system configuration in order set up sophisticated models or algorithms. Work with management to evaluate and select the most appropriate technologies. Understand the relevant processes and products in assigned area and which analyses, methodologies and approaches best support assessment of performance, risk, or valuation. Coordinate complex projects in support of new or evolving processes/products or for initiatives with cross-functional or enterprise-wide impact. Interpret findings, prepare standard and ad-hoc reports and deliver results to management and/or other leaders. Provide recommendations for addressing observed outcomes. Translate complex technical concepts and analyses to non-technical audiences. Remote work may be permitted within a commutable distance from the worksite. REQUIREMENTS: Bachelor's degree, or foreign equivalent, in Mathematics, Economics, Financial Engineering, or a related field, and seven (7) years of experience in the job offered or in a related quantitative occupation in the financial services industry. Seven (7) years of experience must include: Applying techniques including, SQL, querying, and macro development to extract data for populating models; Developing quantitative risk models to support the enhancement of the first line risk framework leveraging existing infrastructure; Performing coding including Python, R, Excel, VBA to create financial models supporting the risk management function; Managing Prime Brokerage client portfolio from a risk management perspective and making credit decision in line with FINRA regulations; and Participating in client's due diligence and ensuring credit decisions are in line with the firm credit appetite. Salary Range: $204,000.00 to $204,000.00/yr. Qualified applicants please apply online at and utilize reference code 66101. Please indicate “referral source – advertisement – WEB.” Pershing LLC assesses market data to ensure a competitive compensation package for our employees. The base salary/range for this position is expected to be $204,000.00 to $204,000.00 per year at the commencement of employment. Base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the Pershing LLC total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs. This position is at-will, and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors. 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 & 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.