Strategic Risk Management Leader for Model Validation

5 days ago


Pittsburgh, Pennsylvania, United States BNY Full time

BNY is a leading global financial services company that empowers its employees to grow and succeed. With a presence in nearly 20% of the world's investible assets, our team of over 50,000 employees works together to create innovative solutions with clients that benefit businesses, communities, and individuals everywhere.

We continue to be a leader in the industry, recognized for being a top home for innovators and creating an inclusive workplace. Through unique ideas and talents, we help make money work for the world. This is what drives us at BNY.

We're seeking a future team member for the role of Vice President, Model Risk Management to join our Model Risk team. This role is located in Pittsburgh, PA in a Hybrid work environment.

About the Role

The Vice President, Model Risk will contribute to highly visible enterprise-wide model development functions in the organization. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. The role will be to execute enterprise standards for model validation. The incumbent will be responsible for leading work to identify and evaluate model risk as well as proposing controls to manage that risk.

This will entail investigating the weaknesses of a framework and setting the scope and designing tests for a validation effort, appropriate to that framework. The successful candidate will have expertise in complex quantitative modeling, numerical analysis, and computational methods using programming languages such as Python, R / R-Studio, C/C++, C#, Java, FORTRAN, MATLAB, SAS.

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