Remote Model Risk Management & Validation Jobs with Training Budget

Requirements

• Bachelor's degree in mathematics, computer science, hard sciences, financial engineering or finance/economy
• Strong programming skills, including object oriented languages and scripts
• Experience in a quantitative role in the Financial markets
• Excellent analytical, quantitative, interpersonal and organizational skills
• Team oriented

Benefits

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

Skills

Requirements

• Annual Model inventory performed on a timely basis
• Liaise with 1st line subject matter experts to understand model objective/inputs/significant assumptions/design
• Independent Model Validation to ensure soundness
• Model Governance & Policy to maintain and update the Model Risk Management (MRM) framework and policies
• Performance Monitoring to develop a dashboard reflective of recent actual vs expected model output

Benefits

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

Skills

Requirements

• Bachelor’s degree in business analytics, economics, statistics, mathematics, finance, or a related quantitative field
• Minimum of one year of experience in model development, model validation, quantitative risk management, or financial modeling and/or other related disciplines
• Hands-on validation of new and existing models, challenging conceptual soundness, assumptions, inputs, and performance metrics
• Maintain the model inventory, ensuring it is up-to-date by confirming assigned models have correct attributes (status, owner, risk tier, review dates, etc.)
• Assist in model identification, classification, and risk rating
• Monitor the end-to-end issues management lifecycle of findings resulting from model validations, including tracking remediation progress and verifying closure documentation

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Training Budget

Skills

Requirements

• Ensure model owner compliance with MRM procedures and standards
• Document model policies, methodologies, and processes
• Maintain and recommend enhancements to the Model Inventory tracking and Model Risk Assessment
• Validate that appropriate level of documentation is completed for each model or non-model tool
• Lead internal and external model validations
• Stress testing, back testing, replication testing and effective challenge of the Bank's models during internal validations

Benefits

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

Skills

Requirements

• Advanced degree in a quantitative discipline such as mathematics, statistics, financial engineering, or related field.
• Advanced knowledge of probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis, with demonstrated ability to apply these concepts to financial modeling and risk assessment.
• Deep understanding of option pricing models and their applications in financial markets.
• Ability to design and implement alternative model benchmarks.
• Experience with model performance metrics and their application in risk management.

Benefits

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

Skills

Requirements

• Manage and perform technical validations of pricing and risk models
• Write and review high quality, detailed validation reports
• Ensure compliance with model risk governance framework and regulatory requirements
• Interact with model owners, model developers, senior management etc.
• Perform quantitative analyses, independent testing and challenging of data and models

Benefits

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

Skills

Requirements

• Experience in Model Development, Model Validation, Model Risk Management, or Model Risk Audit
• Demonstrated interest in model governance and regulatory frameworks
• Demonstrated interest in and exposure to automation, AI, and machine learning applications
• Strong communication, stakeholder management, and analytical skills
• Ability to work in a fast-paced environment and prioritize multiple tasks

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Training Budget

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

• Master's degree in Mathematics, Statistics, Finance, Economics, Physics, Engineering
• Experience with model validation and risk management
• Strong analytical and problem-solving skills
• Ability to communicate complex technical information to non-technical stakeholders
• Experience with data analysis and statistical modeling

Benefits

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

Skills

Requirements

• Lead day-to-day operations for the CRMV tribe
• Drive efficiency and effectiveness in model validation
• Improve automation, data lineage and quality, validation processes, stakeholder engagement, GenAI adoption, and the global operating model
• Oversee significant operating expenses related to IT infrastructure and data
• Engage with a wide range of internal stakeholders
• Maintain effective relationships with external parties
• Represent the CRMV tribe in the CRMV Management Team
• Lead change management initiatives

Benefits

• Flexible Hours
• Gym Membership
• Health Insurance
• Home Office Budget
• Learning Budget
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Proven experience in developing and enhancing model risk management frameworks
• Expertise in process re-engineering
• Strong analytical skills paired with strategic thinking abilities
• Exceptional attention to detail and outstanding communication skills
• Ability to juggle multiple priorities while ensuring clear and transparent decision-making

Benefits

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

Skills

Requirements

• Bachelor's Degree in Mathematics, Physics, Statistics, or a related quantitative field
• Master's Degree in Mathematics, Physics, Statistics, or a related quantitative field
• Experience with model risk management and validation
• Strong understanding of liquidity and market risk
• Ability to communicate complex risk modeling topics to senior management

Benefits

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

Skills

Requirements

• Master's degree in a quantitative discipline
• Advanced level model validation experience
• Ability to perform model validations at an accelerated pace
• Self-starter with problem-solving skills
• Independent work product documentation
• Consultant on model-related projects
• Team collaboration and communication

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Training Budget

Skills

Requirements

• Conduct model validations on the Bank's models, both in-house and vendor models, based on regulatory guidelines, the Bank's model risk management policy and procedure, and the industry's leading practices.
• Evaluate model assumptions and weaknesses, data relevancy and completeness, conceptual soundness, modeling methodology, outcome analysis, etc.
• Prepare a model validation report that meets the Model Risk Management's expectations, based on the evaluation of the model, including backtesting, sensitivity testing, benchmarking, etc. and include a conclusion based on the review.
• Assist in model validation findings monitoring, reporting, and evaluating the corrective actions.
• Conduct model annual reviews including process verification, performance monitoring, degree of changes, etc.

Benefits

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

Skills

Requirements

• Experience in Model Development, Model Validation, Model Risk Management, or Model Risk Audit
• Demonstrated interest in model governance and regulatory frameworks
• Strong analytical and problem-solving skills
• Ability to work independently and collaboratively as part of a team
• Excellent communication and interpersonal skills

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Training Budget

Skills

Requirements

• Experience in Model Development, Model Validation, Model Risk Management, or Model Risk Audit
• Demonstrated interest in model governance and regulatory frameworks
• Strong analytical and problem-solving skills
• Ability to work independently and collaboratively as part of a team
• Excellent communication and interpersonal skills

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Training Budget

Skills

Requirements

• Lead model risk management policies and procedures
• Conduct comprehensive reviews and validations of financial models
• Collaborate with cross-functional teams
• Provide expert guidance and support to stakeholders
• Monitor and report on model risk exposures
• Drive initiatives to improve model risk management processes and tools

Benefits

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

Skills

Requirements

• Develop and implement validation strategies for statistical and financial models
• Assess the quality and risk of model methodologies, outputs, and processes
• Communicate clearly and concisely both verbally and through written communication
• Identify opportunities to apply quantitative methods and automation solutions to improve business performance and process efficiencies
• Strong understanding of quantitative analysis methods in relation to financial institutions
• Demonstrated track-record in model development and/or validation
• Experience utilizing model estimation tools
• Ability to clearly communicate modeling results to a wide range of audiences

Benefits

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

Skills

Requirements

• Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics)
• 3–5 years of experience in quantitative models for derivatives and/or electronic market making
• Excellence in probability theory, stochastic processes, statistics, and numerical analysis
• Strong understanding of option pricing theory and quantitative models for derivatives
• Experience with Monte Carlo simulation and numerical methods, familiarity with calibration techniques and performance benchmarking

Benefits

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

Skills

Requirements

• Three plus years of large size commercial bank working experience in risk model validation.
• Advanced experience of financial statistical modeling methods (Hazard models, Regression models, Decision Tree models, Time Series, Machine Learning, etc.)
• Related experience with Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for CCAR and CECL.
• Working experience in CCAR and CECL estimation for both retail and wholesale portfolios, including portfolio such as Residential Mortgage, Consumer Credit Cards/Lines, Wholesale C&I, Wholesale CRE, and Small Business.
• Familiar with the bank reporting and data system.
• Have advanced ability to deal with large data and complete model validation and implementation verification process.
• Ability to write and enhance automated testing programs for model performance assessment.

Benefits

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

Skills

Requirements

• Independently validate pricing models and/or counterparty credit risk models
• Conduct end-to-end model validation, including review of modeling methodologies and assumptions
• Design and execute independent testing and benchmarking
• Assess compliance with Americas Model Risk Management Policies and Procedures
• Engage with model development, front office, risk, and technology teams

Benefits

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

Skills

Requirements

• Perform model validation activities across different stages of the model life cycle
• Provide effective challenge to model developers
• Communicate model risk findings to stakeholders
• Assess model's capabilities, stress points and limitations
• Assess the associated model risk and the controls in place to mitigate identified risks

Benefits

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

Skills

Requirements

• Independently validate wholesale credit risk models
• Conduct end-to-end model validation
• Design and execute independent testing and benchmarking
• Assess compliance with Americas Model Risk Management Policies and Procedures
• Engage with model development, credit risk, business and technology teams

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• 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.
• 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