Senior Associate, 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 SENIOR ASSOCIATE to join our
MODEL RISK MANAGEMENT
team. This role is located in
PUNE
.
In this role, you’ll make an impact in the following ways:
- Credit Risk Modeling, 2) Treasury Modeling, 3) Market Risk Modeling, 4) Pricing Modeling, 5) Forecasting, 6) AI
- Support the identification, assessment, validation, and mitigation of risks associated with financial models used across the organization.
- Assist in the validation and review of quantitative models to ensure compliance with internal policies and regulatory requirements.
- Conduct independent testing and analysis of model performance, assumptions, and limitations.
- Document validation findings and communicate results to stakeholders.
- Collaborate with other risk management teams to address model-related issues and support remediation efforts.
- Ensure timely completion of mandatory training, disclosures, attestations, and certifications.
- Demonstrate ownership and accountability for managing risk holistically, including prompt escalation of risk or compliance concerns.
To be successful in this role, we are seeking the following:
- Master's Degree in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics.
- The candidate must have a quantitative and analytical background with a solid theoretical foundation coupled with programming, documentation, and communications skills.
- Must have experience numerical analysis and computational methods using programming languages (such as 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.