In this role, you’ll make an impact in the following ways:
- Serves as a senior individual contributor within the Risk & Regulatory Compliance function, specializing in Model Risk Management. Applies advanced, multidisciplinary expertise in financial markets, applied mathematics, statistics, econometrics and computer science to identify, measure and manage risks arising from the development, implementation and use of complex models across BNY. Plays a key role in protecting the firm from potential monetary loss, reputational damage and regulatory censure by independently challenging model design, performance and governance.
- This role advances BNY’s strategic pillars by strengthening the resilience and integrity of core risk and decision‑making frameworks that underpin client offerings and critical services. It reinforces our Principles by fostering a strong risk culture, advocating for transparency in model assumptions and limitations, and promoting accountable decision‑making grounded in rigorous quantitative analysis and sound governance.
Operating within the Model Risk Management job family, the role partners closely with model owners, developers, users and risk stakeholders to ensure models are conceptually sound, empirically robust, properly controlled and used within approved risk appetite.
- Identify, quantify and clearly articulate model risk, limitations and weaknesses by critically reviewing model design, assumptions, data, implementation and use, and documenting findings, recommendations and conditions of use in high‑quality validation reports that withstand internal and regulatory scrutiny.
- Provide effective second‑line challenge to model developers, model owners and model users by engaging in structured technical dialogue, reviewing remediation plans, and evaluating proposed model changes or current models, ensuring alignment with BNY’s model risk management framework, policies and regulatory expectations.
- Strengthen model governance and control frame
📌 Vice President, Model Risk Management Ai, Wealth and Investments (Pune)
🏢 BnY
📍 Pune