Senior Associate role within PwC Risk Consulting assisting clients in internal audit and risk management strategies. Responsible for improving internal controls and mitigating risks across diverse teams.
About the role
- Vice President in Model Risk Management at BNY responsible for model validation, evaluation and ensuring regulatory compliance. Collaborate on Credit Risk, Operational Risk, and Stress Testing initiatives in Pune.
Responsibilities
- Execute enterprise standards for model validation, by setting the scope of a validation effort. This entails designing the tests and review activities necessary to evaluate a model.
- Evaluate the strengths and weaknesses of a model's conceptual framework to identify situations where a model may become less useful.
- Reviews accuracy of reports and calculations performed by less experienced colleagues.
- Responsible for the technical direction, accuracy, and soundness of quantitative methods in the assigned area. Decisions and assumptions recommended by the incumbent have significant impact on the financial and risk position of the Bank or legal entity supported.
- Complete required training, disclosures, attestations, and certifications within deadlines.
Requirements
- Master's Degree or PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics.
- Strong understanding of regulatory guidance, such as SR 11-7, CCAR, Basel, CECL, etc.
- Possess a strong analytical background with a solid theoretical foundation coupled with advanced computational programming, technical documentation, and communications skills.
- Minimum 5 years (5 - 7 preferred) of modelling experience in financial services.
- Must have experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as Python, Project R, C/C++, C#, Java, FORTRAN, MATLAB, SAS) as well as mathematical/statistical software packages.
Benefits
- 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.
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