Remote Model Risk Management & Validation Jobs in India

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

Requirements

• Support Model Risk Management activities across financial, statistical, AI/ML, and GenAI models
• Review and synthesize model documentation, validation outcomes, issue themes, and risk narratives
• Assist in evaluating conceptual soundness, assumptions, limitations, model use, and risk drivers
• Contribute to model risk reporting, presentations, and briefing materials for internal forums and senior stakeholders
• Support work related to AI/ML/GenAI risk, including understanding risk drivers and mitigation strategies

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Professional Development
• Remote Work

Skills

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

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 using programming languages
• Mathematical/statistical software packages

Benefits

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

Skills

Requirements

• Conduct thorough and independent model validations to ensure models align with business objectives and design objectives.
• Verify that models are performing as expected, identify potential limitations, and assess potential impact.
• Perform annual reviews and review on-going monitoring reports to ensure that models are performing as intended.
• Collaborate with the global MRM team and act as their point of contact in India.
• Work collaboratively with the global MRM team and act as their point of contact in India.

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Masters or Doctorate degree in a quantitative discipline
• Experience in a Quant role in validation of Models
• Rich experience with the Financial Crime Models
• 3+ years of relevant work experience in a Model Validation role
• Proficient programmer in Python
• Knowledge of other programming languages like R, Sql, MATLAB etc.
• Willingness to learn new and complex topics and adapt oneself
• Working knowledge of statistical techniques, quantitative finance and programming

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Masters or Doctorate degree in a quantitative discipline
• Experience in a Quant role in validation of Models
• Rich experience with the Financial Crime Models
• 3+ years of relevant work experience in a Model Validation role
• Proficient programmer in Python
• Knowledge of other programming languages like R, Sql, MATLAB etc.
• Willingness to learn new and complex topics and adapt oneself
• Working knowledge of statistical techniques, quantitative finance and programming

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Develop and maintain model governance documentation and performance monitoring
• Support the design, development, implementation, and maintenance of the MRM analytics and reporting capabilities
• Explore and assess new technologies and tools that can optimize MRM processes and effectiveness
• Develops tools, visualizations, and dashboards to provide insights at scale to inform risk profile and solves for analytical needs
• Collaborates with cross-functional partners, data, and product owners to gather insights, understand risk reporting strategies and business needs
• Maintain a strong month end data process which includes multiple layers of presentations and stakeholder review
• Must maintain a deep understanding of model risk

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Flexible Hours
• Remote Work
• Employee Discounts
• Wellness Programs

Skills

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
• Engage proactively with control functions

Benefits

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

Skills

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

Requirements

• Contribute to the validation of complex quantitative risk models or capital Allocation framework for the Corporation
• Understand and resolve complex issues in algorithms, models and other risk measurement frameworks
• Hands on understanding of AI/ML algorithms like Regression, Decision Trees, Naïve Bayes, kNN, Random Forest, neural networks etc
• Strong Programming skills in SAS/R/Python etc
• Responsible for validating complex statistical and/or algorithmic models – Risk/Regulatory/Capital/Treasury/InterestRate/EconomicResearch/Fraud/Compliance models etc

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Flexible Hours
• Remote Work
• Training Budget

Skills

Requirements

• Conduct thorough and independent model validations to ensure models align with business objectives and design objectives.
• Verify that models are performing as expected, identify potential limitations, and assess potential impact.
• Perform annual reviews and review on-going monitoring reports to ensure that models are performing as intended.
• Collaborate with the global MRM team and act as their point of contact in India.
• Support all aspects of the global Model Risk Management (MRM) program.

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Perform periodic model validation
• Capture findings and store evidence of due diligence
• Undertake comprehensive model validation exercise
• Discuss gaps as identified with model developer
• Provide final recommendation to either continue using the model or recalibrate/redevelop the model

Benefits

• Health Insurance
• Dental Insurance
• Employee Assistance Program

Skills

Requirements

• Perform periodic model validation
• Capture findings and store evidence of due diligence
• Undertake comprehensive model validation exercise
• Discuss gaps as identified with model developer
• Provide final recommendation to either continue using the model or recalibrate/redevelop the model

Benefits

• Health Insurance
• Dental Insurance
• Employee Assistance Program

Skills

Requirements

• Executing and maintaining an effective Model Risk management framework
• Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite
• Independently validating the integrity and comprehensiveness of the Models in the Firm
• Effective communication and collaboration with stakeholders
• Strong analytical and problem-solving skills
• Ability to work in a fast-paced environment
• Strong attention to detail and organizational skills

Benefits

• Employee Discounts
• Flexible Hours
• Gym Membership
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off

Skills

Requirements

• 7 years of experience in a FO or model risk quantitative role.
• Excellence in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis.
• MSc, PhD or equivalent in a quantitative discipline.
• Inquisitive nature, ability to ask right questions and escalate issues.
• Excellent communication skills (written and verbal).
• Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives).
• Good coding skills, for example in C/C++ or Python.

Benefits

• 401k Matching
• Health Insurance
• Life Insurance
• Dental Insurance
• Disability Insurance
• Employee Assistance Program
• Employee Discounts
• Flexible Hours

Skills

Requirements

• Strong understanding of risk management principles and practices
• Experience with model validation and risk assessment
• Ability to analyze complex data and identify trends
• Strong communication and interpersonal skills
• Ability to work in a team environment
• Experience with financial services industry
• Knowledge of regulatory requirements and industry standards

Skills