Vice President Model Risk Management

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 is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of VICE PRESIDENT to join our MODEL RISK MANAGEMENT team. This role is located in Pune, India.

In this role, you’ll make an impact in the following ways:

Design, maintain, and govern model inventory data fields; establish and execute data quality controls and monitoring

Develop and deliver management reporting on model risk, leveraging model inventory and governance metrics

Coordinate the semi-annual model inventory attestation process, engaging attesters, reviewers, and model owners; track status and ensure timely completion

Maintain MRM documentation (Policies, Standards, procedures, templates) and manage version control and refresh cycles

Serve as a point of contact to provide interpretive guidance to stakeholders on compliance with MRM Framework requirements

Ensure effective processes and controls for prompt risk identification, assessment, mitigation, and tracking of issues related to model risk

Demonstrate ownership and accountability for managing model risk holistically, engaging proactively with control functions.

To be successful in this role, we’re seeking the following:

Bachelor’s or Master’s Degree in a quantitative discipline (e.g., engineering, mathematics, physics, statistics, econometrics)

2-5 years of relevant experience in model risk governance, model validation, model risk audit within financial services

Knowledge of regulatory expectations related to model risk management and governance

Familiarity with model lifecycle processes

Strong communication skills, with ability to convey complex concepts clearly to technical and non-technical audiences

Proven ability to operate independently, manage multiple priorities, and drive outcomes in a fast-paced environment

At BNY, our culture speaks for itself, check out the latest BNY news at:

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Here’s a Few Of Our Recent Awards

America’s Most Innovative Companies, Fortune, 2025

World’s Most Admired Companies, Fortune 2025

“Most Just Companies”, Just Capital and CNBC, 2025

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.