What are the responsibilities and job description for the Vice President, Model Risk Management position at BNY Mellon?
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We are seeking an ambitious and analytically talented professional to join our Model Risk Management (MRM) team. This is a role within a US-headquartered, global systemically important bank, focused on strengthening the governance, validation, and strategic oversight of models across the enterprise. The successful candidate will be instrumental in advancing our model risk framework, with a strong emphasis on leading practices, regulatory standards, automation, and Artificial Intelligence (AI) adoption. This role is fully on-site and located in Pittsburgh, PA.
In this role, you'll make an impact in the following ways:
- Contribute to enterprise-wide model risk management activities, including validation and/or governance work. Independent review and oversight of models used across business lines, platforms, and legal entities.
- Collaborate with model developers, validators, auditors, and senior stakeholders to ensure models are fit for purpose and appropriately governed. Senior stakeholders extend beyond modelers to business and platform leads.
- Drive innovation in model risk practices, including the integration ofAI/ML techniquesandautomation toolsto enhance efficiency and insight.
- Collaborate across the MRM team to enhance model governance, validation, and risk practices.
- Ensure compliance with regulatory expectations, particularly those outlined inFederal Reserve SR 11-7andOCC Bulletin 2011-12, including:
- Robust model development, implementation, and use;
- Comprehensive model validation covering conceptual soundness, ongoing monitoring, and outcomes analysis; and
- Sound governance, policies, and controls over model lifecycle and risk oversight.
- Grow to represent the bank in regulatory discussions and industry forums related to model risk and quantitative analytics.
- Contribute to a culture of excellence and continuous improvement.
To be successful in this role, we're seeking the following:
- Any experience inModel Development,Model Validation,Model Risk Management, orModel Risk Audit.
- Demonstrated interest in model governance and regulatory frameworks, especiallySR 11-7and related supervisory guidance in banking.
- Demonstrated interest in and exposure toautomation,AI, andmachine learningapplications.
- Strong communication, stakeholder engagement, and strategic thinking skills.
- Adegreein a quantitative or technical discipline such asMathematics,Statistics,Physics,Engineering,Computer Science, or a related field is required.
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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.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.