Remote Opportunity

Senior Vice President, Model Risk Management

Join BNY Mellon as a senior professional working remotely from Worldwide. Explore the role, benefits, and apply in one place.

Full Time
$120,000 - $180,000*
1 day ago
Worldwide
Model Risk Management & Validation
Senior
Python
C/C++
C++
+5 more

Job 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 PUNE. In this role, you may work in one of three disciplines, each responsible for a different type of modelling: 1) Credit Risk Modeling (Wholesale or Retail portfolios), 2) Operational Risk, 3) Capital Stress Testing * Lead teams responsible for model validation, risk assessment, and compliance with regulatory requirements. * Oversee end-to-end model validation activities for high-impact, high-risk models. * 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. * Possess a strong analytical background with a solid theoretical foundation coupled with advanced computational programming, technical documentation, and communications skills. * Demonstrated ability to manage diverse group of stakeholders, namely, interactions with model officers, senior executives, auditors, and regulatory agencies. * Minimum 7 years (7 - 10 preferred) of modelling experience in financial services. * Must have experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as Python, 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 [https://www.bny.com/corporate/global/en/about-us/newsroom.html] BNY LinkedIn [https://www.linkedin.com/company/bnyglobal/posts/?feedView=all] 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.

Requirements

  • Master's Degree or PhD in a quantitative discipline
  • 7 years of modelling experience in financial services
  • Experience with complex quantitative modelling, numerical analysis, and computational methods
  • Ability to manage diverse group of stakeholders
  • Strong analytical background with a solid theoretical foundation
  • Advanced computational programming, technical documentation, and communications skills
  • Demonstrated ability to manage model risk holistically
  • Ability to behave ethically and adhere to BNY's standards

Benefits

  • 401k Matching
  • Health Insurance
  • Paid Time Off
  • Performance Bonus
  • Remote Work
  • Retirement Plan
  • Training Budget
  • Wellness Programs

Skills

Python
C/C++
C++
Java
FORTRAN
MATLAB
SAS
Model Risk Management

About AI-Estimated Salary

The salary range shown was not provided by the employer. Our AI has estimated it based on the job title, required experience, location, and industry standards (confidence: 80%). This estimate should be used as a general guide only and may not reflect the actual compensation. Always confirm salary details directly with the employer during the application process.

Ready to Apply?

Join BNY Mellon today

Salary Range (AI-Estimated)*
$120,000 - $180,000
80% confidence
Posted 1 day ago

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