Senior Vice President, Model Risk Validation

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We are seeking a future team member for the role of SENIOR VICE PRESIDENT to join our **MODEL RISK MANAGEMENT **team. This role is located in PUNE.

In this role, you may work in one of three disciplines, each responsible for a different type of modelling:

1) Credit Risk Modeling (Wholesale or Retail portfolios), 2) Operational Risk, 3) Capital Stress Testing

• Lead teams responsible for model validation, risk assessment, and compliance with regulatory requirements.

• Oversee end-to-end model validation activities for high-impact, high-risk models.

• Ensure effective processes and controls for prompt risk identification, assessment, mitigation, and tracking of issues related to model risk.

• Behave ethically and adhere to BNY’s standards, including the Code of Conduct and applicable policies.

• Conduct independent testing and analysis of model performance, assumptions, and limitations.

• Document validation findings and communicate results to stakeholders.

• Demonstrate ownership and accountability for managing model risk holistically, engaging proactively with control functions.

• Serve as a role model in creating and sustaining a strong risk culture and support the development of team members.

• Collaborate with other risk, compliance, and business leaders to ensure alignment with BNY’s risk management framework and regulatory expectations.

To be successful in this role, we are seeking the following:

• Master's Degree or PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics.

• Possess a strong analytical background with a solid theoretical foundation coupled with advanced computational programming, technical documentation, and communications skills.

• Demonstrated ability to manage diverse group of stakeholders, namely, interactions with model officers, senior executives, auditors, and regulatory agencies.

• Minimum 7 years (7 - 10 preferred) of modelling experience in financial services.

• Must have experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as Python, C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages.

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Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

• BNY is an Equal Employment Opportunity/Affirmative Action Employer
• Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.