BNY is seeking a Vice President to join their Model Risk Management team to support AI validation, focusing on setting enterprise standards for model development, validation, and approvals for financial and non-financial models.
Requirements
- Strong theoretical foundation in ML/AI techniques (supervised, unsupervised, deep learning)
- Hands-on experience with ML/AI frameworks and libraries (TensorFlow, PyTorch, scikit-learn, XGBoost, etc.)
- Programming proficiency in Python or R (MATLAB or similar acceptable)
- Exposure to CCAR, CECL, or IFRS 9 frameworks is nice to have
- Proven track record of applying advanced ML/AI methods (NLP, computer vision, reinforcement learning) is preferred
- Bachelor's Degree in a mathematics or programming related field is required
- Master’s degree or PhD in a quantitative discipline (Engineering, Mathematics, Physics, Statistics, Econometrics, Data Science) strongly preferred
Responsibilities
- Perform validation of AI/ML models (primary focus): machine learning and artificial intelligence models, including applications of Large Language Models
- Review model architecture, feature engineering, hyperparameter tuning, and performance metrics
- Design and execute tests for conceptual soundness, robustness, bias, and real-time performance monitoring via shadow frameworks
- Assess AI explainability, fairness, and governance controls
- Provide ad-hoc review and validation of traditional quantitative models (econometric, statistical, pricing) as needed
- Identify model-specific risks; propose, implement, and document controls to mitigate those risks
- Collaborate with developers to challenge assumptions, refine methodologies, and enhance model lifecycles
Other
- Bachelor's Degree in a mathematics or programming related field is required
- 2-4 years experience for bachelor's degree holders is required, or 0–2 years’ experience post-graduate degree (Master’s/PhD) is required
- Excellent communication and presentation skills; ability to explain complex concepts to non-technical stakeholders
- Keen interest in financial engineering, market-product modelling, econometrics, data science, or AI
- BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans
