Vice President, Model Risk Management at BNY

Pittsburgh, Pennsylvania, United States -

Full Time

Start Date

Immediate

Expiry Date

07 Jan, 26

Salary

0.0

Posted On

09 Oct, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Quantitative Analysis, Analytical Skills, Programming, Documentation, Communication Skills, Complex Quantitative Modeling, Numerical Analysis, Computational Methods, Mathematical Software, Statistical Software, Research Skills, Problem Solving, Solution Implementation, Presentation Skills, Attention to Detail, Results Orientation

Industry

Financial Services

Description

Vice President, Model Risk Management 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're seeking a future team member for the role of Vice President to join our Model Risk team. This role is located in Pittsburgh In this role, you'll make an impact in the following ways: Contribute to highly visible enterprise-wide model development functions in the organization. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. Execute enterprise standards for model validation, by setting the scope of a validation effort. This entails designing the tests and review activities necessary to evaluate a model. Responsible for evaluating the strengths and weaknesses of a model's conceptual framework to identify situations where a model may become less useful. Reviews accuracy of reports and calculations performed by less experienced colleagues. Responsible for the technical direction, accuracy, and soundness of quantitative methods in the assigned area. Decisions and assumptions recommended by the incumbent have significant impact on the financial and risk position of the Bank or legal entity supported. We need you to execute enterprise standards for model validation, to identify and evaluate model risk as well as proposing controls to manage that risk. This will entail investigating the weaknesses of a framework and setting the scope and designing tests for a validation effort, appropriate to that framework. This role may work in one of five disciplines, each responsible for a different type of modelling: 1) Credit Risk Modelling, 2) Treasury Modelling, 3) Market Risk Modelling, 4) Pricing Modelling, 5) Forecasting To be successful in this role, we're seeking the following: Master's Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics. 0-2 years of experience. The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation, and communications skills. Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as Python, R / R-Studio, C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages. Must be extremely focused, detail oriented, results oriented and highly productive. Must have a proven track record of being able to efficiently and effectively: conduct independent research; analyze problems; formulate and implement solutions; and produce quality results on time. The candidate must have excellent scientific and technical documentation and presentation skills, assertiveness & influencing skills, and the skills to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language. 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.

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Responsibilities

Contribute to enterprise-wide model development functions and execute enterprise standards for model validation. Evaluate model strengths and weaknesses and review reports for accuracy.