Vice President, Audit Project Leader - Model Risk at BNY

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

01 Jan, 26

Salary

150000.0

Posted On

03 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Risk, Audit Testing, Quantitative Analysis, Programming, Market Risk, Credit Risk, Interest Rate Risk, Liquidity Risk, Financial Crime Compliance, Artificial Intelligence, Machine Learning, Critical Thinking, Problem Solving, Mathematics, Statistics, Economics

Industry

Financial Services

Description

Vice President, Internal Audit Project Leader - Model Risk 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 and champions of inclusion, 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're seeking a future team member for the role of VP, Auditor to join our Model Risk Audit team within Internal Audit. This role is located in New York City In this role, you'll make an impact in the following ways: Performing high quality, risk-focused audit testing, in accordance with Internal Audit policies, methodologies, and standards in order to identify meaningful issues, risks and other exposures related to model risk in Finance's Corporate Treasury functions, and Risk Management areas focusing on the Enterprise-wide management of Market Risk, Credit Risk, Interest Rate Risk, Liquidity Risk, Financial Crime Compliance, and Artificial Intelligence / Machine Learning. Tests model development and model validation processes as per the Supervisory Guidance on Model Risk Management and the Bank's Model Risk Management policies, standards, and procedures. Operates as a team member or independently and has responsibility for specific procedures and results (i.e., head of a project relating to an audit, audit project, or model auditor). Ensures testing (or other tasks as applicable to a specialty) is adequately thorough and accurate to allow an evaluation of the adherence to company policies and procedures, audit methodologies, and all applicable regulations. Identifies existing and emerging risk/ control themes. Prepare draft audit reports and follow-up of audit actions to ensure corrective actions have been appropriately implemented. Learns new businesses, processes and regulations. Work with other audit team members to mentor, guide and collaborate. Work on projects of great complexity that involves significant understanding of the regulatory requirements, business models and processes for each assignment. Maintain up to date knowledge of industry best practice and regulatory requirements. Carry out other ad-hoc tasks and projects as directed by audit senior management. Represent Internal Audit on projects and at management meetings. . Engages in Continuous Monitoring activities. Uses knowledge of financial institutions and all applicable regulatory requirements on a day to day basis. Engages in relevant training regarding audit, businesses, financial controls, regulations, or a particular specialty and actively seeks to apply this knowledge in their role and pass it on to the wider audit team. Thinks beyond past routines about new issues or risks. No direct reports. Demonstrates leadership through work guidance and training of less experienced peers and through advice to assigned clients. Often leads teams on discrete projects, providing informal performance guidance or mentoring to team members. Contributes to the achievement of team goals.. To be successful in this role, we're seeking the following: Advanced degree (Masters or PhD) in Math, Statistics, Physics, Economics or other quantitative fields are required (PhD is preferred). Strong quantitative and analytical background coupled with strong theoretical foundation and good communication skills preferred. 3+ years working experience in model development, model validation, or model audit in the risk area such as Market Risk, Credit Risk, Interest Rate Risk, Liquidity Risk, Financial Crime Compliance, Artificial Intelligence / Machine Learning, stress testing, and capital planning. The position requires special skills (eg. mathematical, statistical, quantitative, economic, and business knowledge and modeling experience). Proficient with programming languages used for model development and validation, such as Matlab, R, C++, Python, etc Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums. At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom BNY LinkedIn Here's 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 $100,000 and $150,000 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

Perform high quality, risk-focused audit testing to identify issues related to model risk in Finance's Corporate Treasury functions and Risk Management areas. Prepare draft audit reports and ensure corrective actions are implemented effectively.