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Pricing Analyst at BBH in NY – fair value pricing of fixed income & structured credit.
Join a 200-year legacy firm focused on partnership, innovation, and diverse talent.
Description
At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.
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.
Key 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
Qualifications
- 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
Salary Range
NY: $75,000 - $85,000 base salary + annual bonus target
BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary in wages to adjust.
We value diverse experiences
We value diverse experiences. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.
About BBH
Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us.
We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your impact beyond your daily role is part of how we operate as trusted partners to one another.
We believe stability
We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often—pushing the boundaries of innovation. As a private partnership, every investment we make is in the relationships, technologies, products and development we believe are in the long-term interests of our clients and our people. Our long-tenured leaders are experts in their areas and are actively involved in the day‑to‑day business, taking the time to provide guidance and mentoring to build the next generation of BBHers. Because we know, our success begins with yours.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.