BNY Mellon
Senior Vice President, Model Risk Validation
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting‑edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
We are seeking a future team member for the role of Senior Vice President to join our Model Risk Management team. This role is located in New York.
In this role, you may work in one of five disciplines, each responsible for a different type of modeling:
Credit Risk Modeling
Treasury Modeling
Market Risk Modeling
Pricing Modeling
Forecasting
AI
Responsibilities
Lead teams responsible for model validation, risk assessment, and compliance with regulatory requirements.
Ensure effective processes and controls for prompt risk identification, assessment, mitigation, and tracking of issues related to model risk.
Behave ethically and adhere to BNY’s standards, including the Code of Conduct and applicable policies.
Conduct independent testing and analysis of model performance, assumptions, and limitations.
Document validation findings and communicate results to stakeholders.
Demonstrate ownership and accountability for managing model risk holistically, engaging proactively with control functions.
Serve as a role model in creating and sustaining a strong risk culture and support the development of team members.
Collaborate with other risk, compliance, and business leaders to ensure alignment with BNY’s risk management framework and regulatory expectations.
Qualifications
Master’s Degree or PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics.
The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation, and communications skills.
Minimum 5 years (5–7 preferred) of modeling experience in financial services.
Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages.
BNY offers highly competitive compensation and benefits. The base salary for this position is expected to be between $102,000 and $171,500 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package. It may also include commission earnings, discretionary bonuses, short- and long-term incentive packages, and company-sponsored benefit programs. This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time.
BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
We are seeking a future team member for the role of Senior Vice President to join our Model Risk Management team. This role is located in New York.
In this role, you may work in one of five disciplines, each responsible for a different type of modeling:
Credit Risk Modeling
Treasury Modeling
Market Risk Modeling
Pricing Modeling
Forecasting
AI
Responsibilities
Lead teams responsible for model validation, risk assessment, and compliance with regulatory requirements.
Ensure effective processes and controls for prompt risk identification, assessment, mitigation, and tracking of issues related to model risk.
Behave ethically and adhere to BNY’s standards, including the Code of Conduct and applicable policies.
Conduct independent testing and analysis of model performance, assumptions, and limitations.
Document validation findings and communicate results to stakeholders.
Demonstrate ownership and accountability for managing model risk holistically, engaging proactively with control functions.
Serve as a role model in creating and sustaining a strong risk culture and support the development of team members.
Collaborate with other risk, compliance, and business leaders to ensure alignment with BNY’s risk management framework and regulatory expectations.
Qualifications
Master’s Degree or PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics.
The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation, and communications skills.
Minimum 5 years (5–7 preferred) of modeling experience in financial services.
Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages.
BNY offers highly competitive compensation and benefits. The base salary for this position is expected to be between $102,000 and $171,500 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package. It may also include commission earnings, discretionary bonuses, short- and long-term incentive packages, and company-sponsored benefit programs. This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time.
BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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