Vice President, Model Risk Management

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #Life AtBNY is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Model Risk Management Specialist to join our Risk & Regulatory Compliance team. This role is located in Pune.

In this role, you’ll make an impact in the following ways:

• Perform validation of AI/ML models with a primary focus on machine learning and artificial intelligence models, including applications of Large Language Models.

• Review model architecture, feature engineering, hyperparameter tuning, and performance metrics; design and execute tests for conceptual soundness, robustness, bias, and real-time performance monitoring via shadow frameworks.

• Assess AI explainability, fairness, and governance controls; perform validation of GenAI and agentic AI models, and facilitate the formulation of policies, procedures, and automation for these models.

• Provide ad-hoc review and validation of traditional quantitative models, identify model-specific risks, propose and implement controls, collaborate with developers, conduct independent research on emerging AI/ML techniques, and prepare clear validation reports for senior stakeholders.

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

• Master’s degree or PhD in a quantitative discipline such as Engineering, Mathematics, Physics, Statistics, Econometrics, or Data Science.

• Strong theoretical foundation in ML/AI techniques including supervised, unsupervised, and deep learning.

• Hands-on experience with ML/AI frameworks and libraries such as Tensor Flow, Py Torch, scikit-learn, and XGBoost.

• Programming proficiency in Python or R (MATLAB or similar acceptable).

• Excellent communication and presentation skills with the ability to explain complex concepts to non-technical stakeholders.

• Keen interest in financial engineering, market-product modelling, econometrics, data science, or AI.

• Prior model-validation experience in ML/AI space, Credit, Market, Treasury, or Pricing risk.

At BNY, our culture speaks for itself, check out the latest BNY news at:

• BNY Newsroom

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Here’s a few of our recent awards:

• America’s Most Innovative Companies, Fortune, 2025

• World’s Most Admired Companies, Fortune 2025

• “Most Just Companies”, Just Capital and CNBC, 2025

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.