Vice President, Model Risk Validation

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We are seeking a future team member for the role of 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 broad disciplines, each responsible for a different type of modelling: 1) Credit Risk Modeling (Wholesale or Retail portfolios), 2) Operational Risk, 3) Capital Stress Testing

• 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.

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.

• Strong understanding of regulatory guidance, such as SR 11-7, CCAR, Basel, CECL, etc.

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

• Minimum 5 years (5 - 7 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, Project R, 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.