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Director, Model Risk Management Manager

10 years

0 Lacs

chennai tamil nadu india

Posted:3 days ago| Platform: Linkedin logo

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Skills Required

model risk management cutting ai technology power finance assessment compliance pricing forecasting testing analysis benchmarking metrics remediation data code support development engineering mathematics physics statistics econometrics programming documentation leadership python java fortran matlab sas software compensation

Work Mode

On-site

Job Type

Full Time

Job Description

Director, Model Risk Validation

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.We are seeking a future team member for the role of DIRECTOR to join our MODEL RISK MANAGEMENT team. This role is located in PUNE.In this role, you will lead the organization’s enterprise-wide approach to model validation and risk oversight.
  • Lead, mentor, and grow teams responsible for model validation, risk assessment, and compliance with regulatory requirements.
  • Oversee end-to-end model validation activities for high-impact, high-risk models (Credit Risk, Treasury Risk, Market Risk, Pricing, Forecasting, Capital Stress Testing, AI, and Financial Crimes)
  • Approve validation methodologies including conceptual soundness, outcome analysis, benchmarking, and implementation verification.
  • Monitor model performance metrics, remediation progress, and ongoing validation requirements.
  • Serve as a key point of contact for regulators during exams and inquiries.
  • Collaborate with the heads of Modeling, Data Science, Finance, Risk, and Technology to ensure alignment with BNY’s risk management framework and regulatory expectations.
  • Behave ethically and adhere to BNY’s standards, including the Code of Conduct and applicable policies.
  • Serve as a role model in creating and sustaining a strong risk culture and support the development of team members.
To be successful in this role, we are seeking the following:
  • Master's Degree or PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics.
  • Strong understanding of regulatory guidance, such as SR 11-7, CCAR, Basel, CECL, etc.
  • Experience leading and developing high-performing quantitative teams.
  • Possess a strong analytical background with a solid theoretical foundation coupled with advanced programming, documentation, and communications skills.
  • Minimum 10 years of responsible experience in model risk, model validation, or quantitative risk management, including several years in leadership roles.
  • Demonstrated ability to interact with senior executives, auditors, and regulatory agencies.
  • Proficiency in analytical tools (Python, C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages.
At BNY, our culture speaks for itself, check out the latest BNY news at:BNY NewsroomBNY LinkedIn

Here Are a Few Of Our Recent Awards

  • America’s Most Innovative Companies, Fortune, 2025
  • World’s Most Admired Companies, Fortune 2025
  • “Most Just Companies,” Just Capital and CNBC, 2025

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 is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

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