BNY · 18 hours ago
Vice President, Model Risk Management
New York, NY
Full-time
Onsite
Mid Level
$68K/yr - $130K/yr
2+ years expBNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. They are seeking a Vice President for their Model Risk Management team, responsible for executing enterprise standards for model validation and evaluating the strengths and weaknesses of various models. The role requires a strong quantitative and analytical background along with experience in complex quantitative modeling.
Financial Services
Responsibilities
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
Qualification
Required
Master's Degree or PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics
The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation, and communications skills
Minimum 2 years (2 - 5 preferred) of modelling experience in financial services
Must have experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages
Benefits
Highly competitive compensation
Benefits
Wellbeing programs
Generous paid leaves
Paid volunteer time
Company
BNY
For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brian A. Ruane
CEO Government Securities Services & Global Client Management
Chris Kearns
CEO, Depositary Receipts
Recent News
PR Newswire
2024-11-01
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