Job Description

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.

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

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. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

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.