Senior Vice President, Model Risk Management

We’re seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New 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 in model risk management, model validation, treasury risk, or quantitative risk management within financial services.
• Deep understanding of treasury risk models
• In-depth knowledge of financial 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.