Vice President, Model Risk Management

The Bank of New York Mellon seeks Vice President, Model Risk Management II in Los Angeles, CA, to contribute to highly visible enterprise-wide model development function in the organization. The successful candidate will execute enterprise standards for model validation, lead work to identify and evaluate model risk, and investigate the weaknesses of a framework and setting the scope and designing tests for a validation effort.

Requirements

• Master’s degree, or foreign equivalent, in Financial Mathematics, Finance, Business Analytics, Statistics, Econometrics, or a related field
• Two (2) years of experience in the job offered or in a related quantitative occupation
• Performing quantitative modelling, numerical analysis, and computational methods using programming languages including C/C++, C#, Java, FORTRAN, MATLAB, SAS as well as mathematical or statistical software packages
• Performing financial modeling techniques, including value-at-risk type of models, interest rate models, risk quantification and forecast models, stochastic calculus for model evaluation, and model risk identification
• Using data summary and visualization, hypothesis testing, estimation, regressions, time series analysis, and machine learning
• Conducting independent research, analyzing problems, developing numerical experimentation and testing, producing results, and assessing complex financial models including in-depth examination of model assumptions, methodologies, and strengths and weaknesses

Benefits

• 401k Matching
• Retirement Plan