Vice President, Model Risk Management Job at BNY, New York, NY

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  • BNY
  • New York, NY

Job Description

Job Description

Vice President, Model Risk Validation

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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.

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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 #LifeAtBNY is all about. Join us and be part of something extraordinary.

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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 NEW YORK.

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

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1) Credit Risk Modeling, 2) Treasury Modeling, 3) Market Risk Modeling, 4) Pricing Modeling, 5) Forecasting, 6) AI

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  • 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.
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  • Evaluate the strengths and weaknesses of a model's conceptual framework to identify situations where a model may become less useful.
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  • Reviews accuracy of reports and calculations performed by less experienced colleagues.
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  • 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. 
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  • Complete required training, disclosures, attestations, and certifications within deadlines.
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To be successful in this role, we are seeking the following: 

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  • Master's Degree or PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics. 
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  • The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation, and communications skills.
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  • Minimum 2 years (2 - 5 preferred) of modelling experience in financial services. 
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  • 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. 
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At BNY, our culture speaks for itself, check out the latest BNY news at:

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BNY Newsroom

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BNY LinkedIn 

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Here are a few of our recent awards: 

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  • America’s Most Innovative Companies, Fortune, 2025
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  • World’s Most Admired Companies, Fortune 2025
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  • “Most Just Companies,” Just Capital and CNBC, 2025
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Our Benefits and Rewards: 

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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. 

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

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\n BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $68,000 and $130,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs. 
\n This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

Job Tags

Temporary work, Worldwide, Flexible hours,

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