Job Opening: Vice President, Model Risk Management II

The Bank of New York Mellon seeks a Vice President, Model Risk Management II in New York, NY, to contribute to highly visible enterprise-wide model development function in the organization. Execute enterprise standards for model validation. Remote work may be permitted within a commutable distance from the worksite. REQUIREMENTS: Master’s degree, or foreign equivalent, in Mathematics, Physics, Statistics, Econometrics, or a related field, and two (2) years of experience in the job offered or in a related quantitative occupation. Two (2) years of experience must include: Utilizing Bloomberg along with rates and FX product including financial, bank capital, bank ALM modeling and analysis; Utilizing stock repurchase and debt issuance for financial institutions; Reviewing and commenting on bank regulatory documents, including DFAST, CCAR, and FOMC meeting minutes; Using R and Python to run sensitivity analysis on models based on key parameters, including LIBOR, federal fund rate, and panic index (VIX); Executing FX swap for US Dollars (USD) against Canadian Dollars (CAD) and Mexican Peso (MXN) and overseeing various hedges, including capital and cash flow hedges; Using QRM as part of Securities Haircut framework enhancement to automate the Stress Lendable Value calculation; and Using Python to analyze discrepancies between actual Federal Reserve EOD balance and bankruptcy forecast balance to avoid over-funded and under-funded situations. Salary Range: $151,815.00 to $203,000.00 per year. Qualified applicants please apply online at https://bnymellon.eightfold.ai/careers and utilize reference code #54194. Please indicate “referral source - advertisement - SWA.”

Minimum Salary: 151,815 Maximum Salary: 203,000 Salary Unit: Yearly