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BNY · 2 weeks ago

Vice President, Model Development

Pittsburgh, PA

Full-time

Onsite

Senior Level

BNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. The Vice President of Model Development will develop and implement risk models for quantifying credit risk, while collaborating with various stakeholders to ensure accuracy and adherence to corporate standards.

Financial Services

Responsibilities

Developing, maintaining, implementing, and executing risk models for quantifying wholesale and retail credit risk inherent in the Corporation's business activities and processes

Develop, enhance, and document wholesale and retail credit risk modeling methodologies

Assist in managing inbound questions, deliverables, and ad-hoc requests with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines

Execute corporate-wide standards for model development by creating options for theoretical frameworks, collecting the required data, supporting assumptions, and reviewing outcomes

Responsible for performance monitoring of models, identifying possible deterioration by comparing outcomes to established thresholds

Regular interactions (presentations, written communications etc) with business, technology, and other stakeholders in the bank such as Finance, Treasury, and Model Risk Management

Good inter-personal and negotiation skills are a key factor to accomplishing goals when interacting in a complex, multiple-priority environment

Qualification

Quantitative modelingPythonRFinancial EngineeringNumerical analysisComputational methodsCommunication skillsOrganizational skillsInterpersonal skillsTeamwork

Required

Master's degree in a quantitative discipline, including Financial Engineering / Operations Research/ Economics / Econometrics / Statistics / Mathematics, etc. is required

Experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as Python and R)

Extremely focused, detail oriented and highly productive with ability to synthesize large amounts of data and various viewpoints and summarize key concepts

Excellent organizational and communication (verbal and written) skills

A proven track record of executing against deliverables and meeting deadlines under pressure

Works well individually and in teams, shares information, supports colleagues, and encourages participation