BNY Mellon | Vice President, Model Risk Management

Responsibilities

• We are seeking a future team member for the role of VICE PRESIDENT to join our MODEL RISK MANAGEMENT team in PUNE.
• Assess the conceptual soundness, assumptions, limitations, and fitness for purpose of models, and identify circumstances under which model performance or usefulness may deteriorate.
• Develop clear, well-supported validation conclusions and communicate model strengths, weaknesses, limitations, and risks through high-quality technical documentation and validation reports.
• Provide effective challenge to model developers and stakeholders on model design, assumptions, methodology, performance, and model use.
• Review analyses, calculations, and documentation prepared by junior team members to ensure technical accuracy, consistency, and adherence to validation standards.

Requirements

• Strong understanding of model risk management principles and applicable regulatory guidance, such as SR 11-7, SR – 26 –2, SR 15-18, CCAR, Basel, CECL, IFRS9, EMIR, PRA SS1/23, etc.
• Must have experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as Python, R, C++, Java, MATLAB, SAS) as well as mathematical/statistical software packages.
• Familiarity with AI-enabled tools and digital agents (i.
• Ability to effectively partner with AI tools and intelligent Digital Employees to accelerate research, validation, documentation, and insight generation while applying strong professional judgment.

BNY (The Bank of New York Mellon)

BNY is a global financial services company focused on custody and asset servicing, treasury services, and wealth and investment management. Its history goes back to 1784, when Alexander Hamilton helped found the Bank of New York.

BNY's Indian centres hire finance professionals for fund accounting, fund reporting, reconciliations, corporate finance and controls roles.

• Industry: Custody, asset servicing and wealth & investment management
• Headquarters: New York, USA
• In India: Large operations and technology centres in Pune and Chennai