SVP, Model Risk & Treasury Validation

BNY; New York (NY); On-site; USD 200,000 - 260,000; Full time

Job summary

BNY in New York City seeks an SVP - Model Risk Management to lead the independent validation of treasury risk models and related quantitative risk assessments. You will guide analysts, challenge model assumptions, and report findings to senior management to ensure risks are understood and mitigated.

The ideal candidate has 5–10 years in model risk management or related fields, with an advanced degree in a quantitative discipline. Master’s is required; PhD preferred.

Qualifications

• Advanced degree in Finance, Economics, Mathematics, Statistics, Financial Engineering, or related quantitative field.
• Master’s degree required; PhD preferred.

Responsibilities

• Lead the independent validation of treasury risk models, including IRRBB models and revenue forecasting models etc.
• Provide credible challenge and independent assessment of the model.
• Guide analysts in designing and executing efficient, risk-focused validation tests to identify model risks.
• Communicate findings and limitations clearly to stakeholders and senior management and partner stakeholders to ensure risks are understood and appropriately mitigated.
• Ensure validation activities are aligned with internal model risk management standards and regulatory expectations

Skills

Model risk management

Validation

Treasury risk

Quantitative risk

Regulatory knowledge

Analytical skills

Communication

Education

Master's degree

PhD preferred

Job description

BNY in New York City seeks an SVP - Model Risk Management to lead the independent validation of treasury risk models and related quantitative risk assessments. You will guide analysts, challenge model assumptions, and report findings to senior management to ensure risks are understood and mitigated.

The ideal candidate has 5–10 years in model risk management or related fields, with an advanced degree in a quantitative discipline. Master’s is required; PhD preferred.