Parag Saxena

About Parag Saxena

FRM® Charterholder and Senior Associate at BNY with 9+ years of experience across global banking, specializing in OTC derivative pricing, valuation control, and risk analytics, alongside Middle Office automation and business intelligence.I currently work in a dual role, supporting two parallel teams: OTC Derivative Pricing & Valuation (Quant / Risk Analytics)I act as a Quantitative Analyst supporting pricing, valuation, and control of complex OTC derivative products including Interest Rate Derivatives, Credit Derivatives, Swaptions, and FX Options. My work involves day-over-day and source-over-source valuation analysis, investigation of pricing breaks, and resolution of urgent price challenges raised by Middle Office and Risk teams.I support model validation and governance through preparation of OPMs, MRMG submissions, and audit-ready documentation, and have a strong understanding of pricing methodologies, market data inputs, curves, volatilities, and valuation sensitivities, with hands-on exposure to Bloomberg pricing and market data analysis. Business Intelligence, Automation & Middle Office AnalyticsIn parallel, I lead and deliver global automation and analytics initiatives for Middle Office and Collateral Management teams. I design end-to-end ETL workflows using Alteryx, build Power BI dashboards for senior management, and deliver analytics across Collateral Movements, Disputes & Fails, Unit Costing, and TriResolve Reconciliation.I act as the India owner for globally governed projects, driving requirements, delivery, testing, and stakeholder alignment across regions. I also work on Xceptor-based automation to reduce manual effort, improve controls, and increase operational efficiency. AI, Governance & InnovationI am actively exploring and applying AI-driven solutions to enhance analytics, exception management, documentation, and process efficiency. I am part of the Middle Office AI Governance group, contributing to responsible AI adoption and use-case evaluation across Middle Office functions.I am passionate about combining quantitative understanding, risk governance, and analytics to strengthen valuation controls, improve transparency, and drive meaningful operational impact.Open to discussions around Risk Analytics, OTC Valuations, Middle Office Transformation, and Quant-enabled Automation.

Experience

1. Senior Associate

   BNY

   Mar 2025 — Present · Pune, IN

Education

• The LNM Institute of Information Technology

  Bachelor’s Degree, Communication and Computer Engineering

  2012 — 2016

• Bal Bhavan School

  High School, Mathematics; Physics; Chemistry; Information Practices

  1996 — 2012

• NMIMS CDOE

  Executive MBA, Applied Finance

Skills

• R
• Hadoop
• Mysql
• C++
• Xilinx Ise
• Sql
• Linux
• Java
• Css
• Apache Pig
• Hive
• Microsoft Office
• C
• Programming
• Php
• Google Cloud Platform
• Html
• Windows
• Matlab
• Vhdl
• Shell Scripting
• Latex