Remote Opportunity

Vice President, Model Risk Management

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

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

Job Description

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 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 broad disciplines, each responsible for a different type of modelling:

1) Credit Risk Modeling (Wholesale or Retail portfolios), 2) Operational Risk, 3) Capital Stress Testing

  • 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.
  • Evaluate 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. 
  • Complete required training, disclosures, attestations, and certifications within deadlines.

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. 
  • Strong understanding of regulatory guidance, such as SR 11-7, CCAR, Basel, CECL, etc.
  • Possess a strong analytical background with a solid theoretical foundation coupled with advanced computational programming, technical documentation, and communications skills.
  • Minimum 5 years (5 - 7 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, Project R, 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.

Requirements

  • Master's Degree or PhD in a quantitative discipline
  • Strong understanding of regulatory guidance
  • 5 years of modelling experience in financial services
  • Experience with complex quantitative modelling
  • Numerical analysis and computational methods
  • Programming languages (Python, Project R, C/C++, C#, Java, FORTRAN, MATLAB, SAS)
  • Mathematical/statistical software packages

Benefits

  • 401k Matching
  • Certification Support
  • Company Retreats
  • Conference Budget
  • Dental Insurance
  • Disability Insurance
  • Employee Assistance Program
  • Employee Discounts

Skills

Python
C/C++
C++
Java
FORTRAN
MATLAB
SAS
Project R

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 6 days ago

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