Evidence of actuarial hiring: (a) 'Associate, Data Management & Quantitative Analysis I', Pune, posted 8 Aug 2025: actuarial modelling, UK pensions preferred (source). Checked 11 Nov 2026.
About BNY India
BNY India is the Indian operation of BNY (The Bank of New York Mellon Corporation), the US custody bank and asset manager. Its main entity is BNY Mellon International Operations (India) Private Limited, with offices in Pune and Chennai.
Actuarial-type work sits in the FSG Quants team in Pune, part of BNY Investments, which models pension liabilities and builds liability benchmarks for UK pension schemes using liability-driven investment (LDI) strategies. An August 2025 posting for an Associate, Data Management and Quantitative Analysis asked for actuarial modelling skills and progress in actuarial exams, with UK pensions experience preferred.
For a student, this is investment-side actuarial work: projecting pension scheme cash flows and matching them with bonds and derivatives. It combines pensions knowledge with financial mathematics.
Also known as: BNY Mellon, BNY Investments FSG Quants
What the actuarial team does
- Pension liability cash-flow modelling for UK schemes
- Liability benchmark construction for LDI portfolios
- Interest-rate and inflation sensitivity analysis
- Data management for client liability models
- Reporting to UK investment teams
How students get in
BNY posts roles on its Workday careers site (bny.wd1.myworkdayjobs.com). The August 2025 Pune role asked for actuarial modelling skills and progress in actuarial exams, with UK pensions knowledge preferred. Students with CM1, CM2 and Excel or Python, and an interest in pensions and investment, would fit. Internships for this team are not published.
Roles this employer has advertised:
Questions students ask
What papers does BNY's FSG Quants team ask for?
The 2025 posting asked for progress in actuarial exams without naming papers. CM1 and CM2 are most relevant to pension liability modelling.
Where does the team sit?
In Pune.
Does it take freshers or interns?
Not published. The role seen was an entry-level associate post asking for some exam progress.