Remote Senior Model Risk Management & Validation Jobs

Requirements

• Master's Degree or PhD in a quantitative discipline
• 5–7 years of relevant experience in model validation, model development, or quantitative risk management
• Strong understanding of model risk management principles and applicable regulatory guidance
• Possess a strong analytical background with a solid theoretical foundation
• Experience of working with PD / LGD / EAD models
• Complex quantitative modelling, numerical analysis, and computational methods
• Programming languages (such as Python, R, C++, Java, MATLAB, SAS)
• Mathematical/statistical software packages

Skills

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

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Business Analytics, Information Systems, or related discipline
• At least 3 to 7 years of relevant experience in model risk management, quantitative risk oversight, enterprise risk, capital analytics, or related functions within a regulated financial institution
• Knowledge of frameworks including model lifecycle governance, materiality and tiering concepts, ICAAP and stress testing linkages, and independent validation techniques
• Strong analytical skills with attention to detail, professional skepticism, and ability to translate technical findings into governance-ready insights

Benefits

• Company Retreats
• Conference Budget
• Coworking Space
• Dental Insurance
• Disability Insurance
• Employee Assistance Program
• Employee Discounts
• Flexible Hours

Skills

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, or related quantitative discipline
• At least 8 to 12 years of relevant experience in model risk management, quantitative risk oversight, capital management, or enterprise risk management within a regulated financial institution
• Technical knowledge of Model Risk Management frameworks, lifecycle governance, materiality and tiering, ICAAP and stress testing linkages, and oversight of credit, ECL/IFRS9, pricing, and capital models
• Strong ownership of enterprise outcomes with sound judgment

Benefits

• Company Retreats
• Conference Budget
• Coworking Space
• Dental Insurance
• Disability Insurance
• Employee Assistance Program
• Employee Discounts
• Flexible Hours

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

• Previous experience working within a similar model validation or model development related role
• Advanced use and application of data modelling and data analysis software
• Up to date knowledge of regulatory compliance with items such as SS3/18
• Ability to perform independent analysis utilising statistical techniques
• Ability to engage with senior stakeholders across the business
• Ability to produce comprehensive validation reports in line with the validation framework

Skills

Requirements

• Experience developing or validating market risk, liquidity risk or stress testing models
• Technical knowledge of risk metrics (DV01, VaR, Delta EVE, Delta NII, LCR)
• Conduct independent reviews of IRRBB, market & liquidity risk and stress testing models
• Provide effective challenges to models and modelling processes
• Develop playbooks and toolkits to optimize models reviews, ongoing monitoring, and assess the impact of models in decisions

Benefits

• Flexible Hours
• Gym Membership
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

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
• Strong understanding of model risk management principles and practices
• Ability to analyze complex data and identify trends and patterns
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team
• Strong analytical and problem-solving skills
• Ability to maintain confidentiality and handle sensitive information

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Wellness Programs

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

• Risk Analyst level
• Pro-active
• Good communication and business writing skills
• Very good mathematical/statistics skills
• Good market risk or/and counterparty risk knowledge

Benefits

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

Skills

Requirements

• 12+ years of experience working in Model Risk Management
• Bachelor’s degree in quantitative or business discipline
• Governance proficiency: Demonstrated fluency in risk and control frameworks
• Demonstrated record of thought leadership in model risk, quantitative risk management or related domains
• Strong strategic leadership, stakeholder management and influencing skills
• Exceptional risk judgment and decision-making capabilities

Benefits

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

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

• Conduct independent validation of risk and pricing models
• Review stress testing frameworks
• Document validation findings and communicate risks
• Provide guidance on model usage
• Stay updated on evolving market practices and regulatory requirements

Benefits

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

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

• Master's degree in Mathematics, Computational Finance, Econometrics, Mathematics, Statistics, or related field
• Three years of work experience validating econometric or time series regression models
• Strong knowledge of regulatory requirements for Model Risk Management
• Strong critical thinking skills and a detail-oriented nature
• Excellent verbal and written communication skills
• In-depth knowledge of at least two of the following: DFAST, CCAR, CECL, AML

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Flexible Hours
• Gym Membership
• Wellness Programs

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

• Master's degree in a quantitative or finance related discipline
• Strong statistical and quantitative skills
• Familiarity with financial risk modeling techniques and software
• Programming proficiency in Python, SQL, or similar analytical tools
• Prior experience developing or validating models related to IRRBB, Treasury, liquidity, or Asset Liability Management
• Knowledge of regulatory expectations for model risk management

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Remote Work
• Retirement Plan

Skills

Requirements

• Design and implement model risk management framework
• Develop and maintain model risk management policies and procedures
• Ensure compliance with regulatory guidance on model risk management
• Provide training and communication of model risk management expectations to stakeholders
• Maintain and report on model risk management control inventory, execution, and evidence
• Oversee reporting related to model risk and model risk management program

Benefits

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

Skills

Requirements

• Strong understanding of modeling techniques or quantitative background
• Experience with model risk management and validation
• Ability to influence senior stakeholders
• Excellent communication and collaboration skills
• Ability to design and deliver trainings

Benefits

• Flexible Hours
• Gym Membership
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

Skills

Requirements

• Strong understanding of modeling techniques or quantitative background
• Experience with model risk management and validation
• Ability to influence senior stakeholders
• Excellent communication and collaboration skills
• Ability to design and deliver specialism-specific trainings

Benefits

• Flexible Hours
• Gym Membership
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

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