BNY · 17 hours ago
Vice President, Model Risk Management
Pittsburgh, PA
Full-time
Onsite
Senior LevelBNY is a leading global financial services company that influences a significant portion of the world’s investible assets. They are seeking a Vice President for their Model Risk Management team to strengthen model governance, validation, and oversight within the enterprise, with a focus on regulatory standards and AI adoption.
Financial Services
Responsibilities
Contribute to enterprise-wide model risk management activities, including validation and/or governance work. Independent review and oversight of models used across business lines, platforms, and legal entities
Collaborate with model developers, validators, auditors, and senior stakeholders to ensure models are fit for purpose and appropriately governed. Senior stakeholders extend beyond modelers to business and platform leads
Drive innovation in model risk practices, including the integration of AI/ML techniques and automation tools to enhance efficiency and insight
Collaborate across the MRM team to enhance model governance, validation, and risk practices
Ensure compliance with regulatory expectations, particularly those outlined in Federal Reserve SR 11-7 and OCC Bulletin 2011-12, including:
Robust model development, implementation, and use
Comprehensive model validation covering conceptual soundness, ongoing monitoring, and outcomes analysis; and
Sound governance, policies, and controls over model lifecycle and risk oversight
Grow to represent the bank in regulatory discussions and industry forums related to model risk and quantitative analytics
Contribute to a culture of excellence and continuous improvement
Qualification
Required
Any experience in Model Development, Model Validation, Model Risk Management, or Model Risk Audit
Demonstrated interest in model governance and regulatory frameworks, especially SR 11-7 and related supervisory guidance in banking
Demonstrated interest in and exposure to automation, AI, and machine learning applications
Strong communication, stakeholder engagement, and strategic thinking skills
A degree in a quantitative or technical discipline such as Mathematics, Statistics, Physics, Engineering, Computer Science, or a related field is required
Benefits
Highly competitive compensation
Benefits
Wellbeing programs
Flexible global resources and tools
Generous paid leaves
Paid volunteer time
Company
BNY
For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
Founded in 1784
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brian A. Ruane
CEO Government Securities Services & Global Client Management
Chris Kearns
CEO, Depositary Receipts
Recent News
PR Newswire
2024-11-01
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