We are seeking a future team member for the role of VICE PRESIDENT to join our MODEL RISK MANAGEMENT team in PUNE . This role supports the independent validation of models used across the firm and may align to one or more of the following areas: 1) Credit Risk Modeling (Wholesale or Retail portfolios), 2) Operational Risk, 3) Capital Stress Testing

In this role, you will:

- Lead and execute independent model validations in accordance with enterprise model risk management standards for model validation, by setting the scope of a validation effort.- Define the scope, validation approach, and testing strategy for assigned models, including conceptual review, data assessment, methodology evaluation, outcomes analysis, benchmarking, implementation review, and performance monitoring assessment.- Assess the conceptual soundness, assumptions, limitations, and fitness for purpose of models, and identify circumstances under which model performance or usefulness may deteriorate.- Develop explicit, 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.- Complete required training, disclosures, attestations, and certifications within deadlines.- Demonstrate curiosity and willingness to embrace emerging AI capabilities to support BNY’s AI-first strategy, including the development and adoption of AI agents and digital employees.

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.- 5-7 years of relevant experience in model validation, model development, or quantitative risk management within financial services.- 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.- Possess a strong analytical background with a solid theoretical foundation coupled with advanced computational programming, technical documentation, and communications skills.- Experience of working with PD / LGD / EAD models, Wholesale and retail credit risk, Scorecards / rating models, Stress testing / scenario models, Portfolio risk concepts (default, migration, concentration, provisioning, economic capital, RWA).- 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.e. BNY's patented AI Agent - Eliza) to enhance analytical workflows, improve productivity, and deliver high-quality outputs.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 #LifeAtBNY is all about. Join us and be part of something extraordinary.

📌 Vice President, Model Risk Management (Pune)
🏢 BnY
📍 Pune