POSITION SUMMARY: The Vice President, Model Risk Management is a critical role within the Risk & Regulatory Compliance function, primarily focused on managing and mitigating model risks within BNY.

This position plays a key role in ensuring the integrity and reliability of financial models, which are essential for informed decision-making and strategic planning.

The role aligns with BNY's strategic pillars by upholding risk management standards that enhance trust and transparency.

• By adhering to BNY's principles, the Vice President fosters a culture of accountability and excellence, ensuring that model risk management practices are robust and compliant with regulatory expectations. PRIMARY RESPONSIBILITIES:- Lead the development and implementation of model risk management policies and procedures by leveraging deep expertise in model validation and risk assessment.
• Conduct comprehensive reviews and validations of financial models, ensuring compliance with regulatory requirements and internal standards.
• Collaborate with cross-functional teams to identify model risks and implement effective mitigation strategies, enhancing overall risk management practices.
• Provide expert guidance and support to stakeholders on model risk issues, fostering a culture of continuous improvement and risk awareness.
• Monitor and report on model risk exposures, maintaining transparent communication with senior management and regulatory bodies.
• Drive initiatives to improve model risk management processes and tools, contributing to the overall efficiency and effectiveness of the risk management function.EDUCATION/QUALIFICATIONS:- Advanced degree in Finance, Mathematics, Statistics, or a related field.EXPERIENCE:- Typically 0-5 years of experience.SKILLS: - Strong analytical and quantitative skills with the ability to assess complex models.
• Excellent communication and stakeholder management skills.
• Proficiency in risk management software and tools.