Pricing Analyst

Brown Brothers Harriman•New York, NY

17d•$75,000 - $85,000•Onsite

About The Position

The Pricing Analyst is a key member of the pricing team who will be responsible for providing information that allows for the determination of the fair value pricing of fixed income securities, structured credit and other instruments held in portfolios that BBH manages in accordance with BBH’s valuation policy and procedures.

Requirements

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

Responsibilities

Determine fair value price for securities/instruments that are 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 fashion
Escalate, as appropriate, 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 the appropriate valuation approach and related cash flow models for complex structured securities
Lead the periodic due diligence reviews of the external pricing vendors and valuation specialists
Validate securities’ fair value pricing based on broker quotes, comparable bonds’ spreads/yields (proxy calculations)
Initiate price challenge with approved pricing vendors as appropriate
Work with the traders, brokers, CPVOC members in determining/calculating fair value pricing for securities / instruments that are 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
Assist 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 the ASC 820 fair value level hierarchy determinations
Maintain the pricing team’s desk procedures for completeness and accuracy