Senior Vice President, 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 VICE PRESIDENT 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
- Lead teams responsible for model validation, risk assessment, and compliance with regulatory requirements.
- Ensure effective processes and controls for prompt risk identification, assessment, mitigation, and tracking of issues related to model risk.
- Behave ethically and adhere to BNY’s standards, including the Code of Conduct and applicable policies.
- Conduct independent testing and analysis of model performance, assumptions, and limitations.
- Document validation findings and communicate results to stakeholders.
- Demonstrate ownership and accountability for managing model risk holistically, engaging proactively with control functions.
- Serve as a role model in creating and sustaining a strong risk culture and support the development of team members.
- Collaborate with other risk, compliance, and business leaders to ensure alignment with BNY’s risk management framework and regulatory expectations.
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.
- The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation, and communications skills.
- Minimum 5 years (5 - 7 preferred) of modeling experience in financial services.
- Must have experience with complex quantitative modelling, 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.
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- 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.
