Senior Vice President, Model Risk Management at BNY

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

18 Mar, 26

Salary

171500.0

Posted On

18 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Validation, Risk Assessment, Regulatory Compliance, Quantitative Analysis, Programming, Documentation, Communication, Credit Risk Modeling, Market Risk Modeling, Pricing Modeling, Forecasting, AI, Numerical Analysis, Computational Methods, Statistical Software, Team Development

Industry

Financial Services

Description

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 modelling: 1) Credit Risk Modeling, 2) Treasury Modeling, 3) Market Risk Modeling, 4) Pricing Modeling, 5) Forecasting, 6) AI 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. To be successful in this role, we are seeking the following: 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 modelling, numerical analysis, and computational methods using programming languages (such as C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages. At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom BNY LinkedIn Here are a few of our recent awards: America's Most Innovative Companies, Fortune, 2025 World's Most Admired Companies, Fortune 2025 “Most Just Companies,” Just Capital and CNBC, 2025 Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. BNY assesses market data to ensure a competitive compensation package for our employees. 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, which, depending on the position, 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, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

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Responsibilities

The Senior Vice President will lead model validation, risk assessment, and ensure compliance with regulatory requirements. They will also conduct independent testing of model performance and engage with control functions to manage model risk holistically.