We?re seeking a future team member for the role ofSVP - Model Risk Management to join ourModel Risk team. This role is located inNew York City, New York.
In this role, you?ll make an impact in the following ways:
- Lead the independent validation of treasury risk models, including IRRBB models and revenue forecasting models etc
- Provide credible challenge and independent assessment of model.
- Guide analysts in designing and executing efficient, risk-focused validation tests to identify model risks
- Communicate findings and limitations clearly to stakeholders and senior management and partner stakeholders to ensure risks are understood and appropriately mitigated.
- Ensure validation activities are aligned with internal model risk management standards and regulatory expectations
To be successful in this role, we?re seeking the following:
- Advanced degree in Finance, Economics, Mathematics, Statistics, Financial Engineering, or a related quantitative field; Master?s degree required, PhD preferred.
- 5-10 years of experience inmodel risk management, model validation, treasury risk, or quantitative risk managementwithin financial services.
- Deep understanding oftreasury risk models
- In-depth knowledge offinancial instruments, valuation concepts, and risk measurement methodologies.
- Strong understanding of regulatory requirements and industry practice.
- Strong analytical and problem-solving skills with the ability to identify risks and recommend practical mitigation solutions.
- Demonstrated critical thinking skills, with the ability to evaluate complex model frameworks, identify risks, and develop practical mitigation recommendations.
- Excellent verbal and written communication skills, with the ability to present complex technical concepts to both technical and non-technical audiences.
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 #LifeAtBNY is all about. Join us and be part of something extraordinary.
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