at BNY Mellon
Asset ManagementPosted 2 months ago
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BNY Mellon is hiring a Vice President on the Model Risk Management team to lead governance, validation, and strategic oversight of models across the enterprise. The role is fully on-site in Pittsburgh, PA and emphasizes regulatory compliance (SR 11-7/OCC guidance), model validation, and collaboration with developers, validators, auditors and senior stakeholders. The position will drive adoption of automation and AI/ML techniques, enhance model governance, and represent the bank in regulatory and industry forums. A degree in a quantitative or technical discipline and strong stakeholder and communication skills are required.
- Compensation
- Not specified
- City
- Pittsburgh
- Country
- United States
Currency: Not specified
Full Job Description
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.
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 of AI/ML techniques and automation tools to 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 in Federal Reserve SR 11-7 and OCC 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 in Model Development, Model Validation, Model Risk Management, or Model Risk Audit.
- Demonstrated interest in model governance and regulatory frameworks, especially SR 11-7 and related supervisory guidance in banking.
- Demonstrated interest in and exposure to automation, AI, and machine learning applications.
- Strong communication, stakeholder engagement, and strategic thinking skills.
- A degree in a quantitative or technical discipline such as Mathematics, Statistics, Physics, Engineering, Computer Science, or a related field is required.
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- America’s Most Innovative Companies, Fortune, 2025
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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.
