Job Description

We're seeking a future team member for the role of Senior Specialist, Data Scientist | Data Management to join our Economic Forecasting team. This role is located in Pittsburgh, PA or Lake Mary, FL.

The Economic Forecasting Group (EFG) is part of the Risk Modeling group within the Risk & Compliance (R&C) division of the Bank of New York (BNY). EFG is responsible for scenario design and expansion in support of several exercises including (1) the BNY's regulatory stress-testing (including the CCAR/DFAST and EBA/ECB stress tests), (2) quarterly CECL/IFRS 9 reserve estimation, and (3) ad hoc scenario-based analyses as frequently as requested by senior management. The scenarios provided by EFG encompass the joint evolution of macroeconomic aggregates (GDP, inflation, unemployment, etc.) and financial market indicators spanning several distinct asset classes.

In this role, you'll make an impact in the following ways:

• Responsible for managing macroeconomic and financial data.
• Key responsibilities include collecting data, periodically updating existing data sets, reviewing data for revisions and accuracy, and maintaining documentation for data procedures.
• Support model development by working closely with model developers.
• Collaborate with vendors, key forecasting partners across the company, consumers of macroeconomic scenarios, and subject matter experts.
• Assist in managing inbound questions, deliverables, and ad hoc requests, with a strong emphasis on accuracy and the timely completion of deliverables within prescribed timelines.
• Requires regular written and verbal interaction with downstream modelers who use macroeconomic scenarios, as well as with various teams across the bank, including Finance, Treasury, and Model Risk Management.
• Strong interpersonal and negotiation skills are essential for achieving goals in a complex, high-priority environment.
• Programming skills in R or Python are preferred but not required.

To be successful in this role, we're seeking the following:

• Strong quantitative skills: Master's degree in a quantitative discipline, including Economics/ Econometrics/Quantitative Finance/Statistics, etc. is preferred.
• 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
• Extremely focused, detail oriented and highly productive with ability to synthesize large amounts of data and various viewpoints and summarize key concepts
• Excellent organizational and communication (verbal and written) skills
• A proven track record of executing deliverables and meeting deadlines under pressure
• Works well individually and in teams, shares information, supports colleagues, and encourages participation.

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.

Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.