Remote Opportunity

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*
4 months ago
Worldwide
Model Risk Management & Validation
Senior
Risk Management
Model Validation
Analytical skills
+4 more

Job Description

**POSITION SUMMARY:** The Vice President, Model Risk Management is a critical role within the Risk & Regulatory Compliance function, primarily focused on managing and mitigating model risks within BNY. This position plays a key role in ensuring the integrity and reliability of financial models, which are essential for informed decision-making and strategic planning. The role aligns with BNY's strategic pillars by upholding risk management standards that enhance trust and transparency. By adhering to BNY's principles, the Vice President fosters a culture of accountability and excellence, ensuring that model risk management practices are robust and compliant with regulatory expectations. **PRIMARY RESPONSIBILITIES:** - Lead the development and implementation of model risk management policies and procedures by leveraging deep expertise in model validation and risk assessment. - Conduct comprehensive reviews and validations of financial models, ensuring compliance with regulatory requirements and internal standards. - Collaborate with cross-functional teams to identify model risks and implement effective mitigation strategies, enhancing overall risk management practices. - Provide expert guidance and support to stakeholders on model risk issues, fostering a culture of continuous improvement and risk awareness. - Monitor and report on model risk exposures, maintaining transparent communication with senior management and regulatory bodies. - Drive initiatives to improve model risk management processes and tools, contributing to the overall efficiency and effectiveness of the risk management function. **EDUCATION/QUALIFICATIONS:** - Advanced degree in Finance, Mathematics, Statistics, or a related field. **EXPERIENCE:** - Typically 0-5 years of experience. **SKILLS:** - Strong analytical and quantitative skills with the ability to assess complex models. - Excellent communication and stakeholder management skills. - Proficiency in risk management software and tools.

Requirements

  • Lead the development and implementation of model risk management policies and procedures
  • Conduct comprehensive reviews and validations of financial models
  • Collaborate with cross-functional teams to identify model risks and implement effective mitigation strategies
  • Provide expert guidance and support to stakeholders on model risk issues
  • Monitor and report on model risk exposures
  • Drive initiatives to improve model risk management processes and tools

Benefits

  • 401k Matching
  • Health Insurance
  • Dental Insurance
  • Disability Insurance
  • Employee Assistance Program
  • Flexible Hours
  • Gym Membership
  • Paid Time Off

Skills

Risk Management
Model Validation
Analytical skills
Communication Skills
Stakeholder management
Quantitative Skills
Risk Assessment Tools

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.

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Salary Range (AI-Estimated)*
$120,000 - $180,000
80% confidence
Posted 4 months ago

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