Senior Vice President, Model Risk Management
About the role
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.
Responsibilities
- 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
Requirements
- 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
Qualifications
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
Skills
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
Benefits
About Us 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 is all about. Join us and be part of something extraordinary.
About The Team At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn Here’s a Few Of Our Recent Awards America’s Most Innovative Companies, Fortune, 2025World’s Most Admired Companies, Fortune 2025“Most Just Companies”, Just Capital and CNBC, 2025
Pay
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award.
Schedule
If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.