Senior Vice President, Model Risk Management

BNY Mellon seeks a Senior Vice President, Model Risk Management to lead the firm-wide model risk function for a global financial services franchise. This executive will set vision, standards, and governance for models supporting trading, risk, capital, forecasting, and digital/AI solutions. Responsibilities include oversight of independent model validation, inventory, monitoring, and issue management; engagement with regulators and internal audit; and reporting to senior leadership.

You will build and lead a high-performing global team, partner with business and technology leaders, and drive continuous enhancement of the Model Risk Management framework in a culture grounded in integrity, client focus, and innovation.

Responsibilities

• Lead the enterprise-wide Model Risk Management function, setting vision, standards, and governance for all model types used across BNY.
• Oversee independent validation of pricing, risk, capital, forecasting, and AI/ML models to ensure regulatory and internal policy compliance.
• Own the Model Risk Management framework, policies, and procedures, ensuring alignment with global regulatory expectations (e.g., SR 11-7).
• Chair or contribute to key model risk and governance committees, reporting material issues and trends to senior executives and the Board.
• Partner with business, risk, finance, and technology leaders to challenge model design, use, performance, and lifecycle controls.
• Drive enhancement of model inventory, risk rating, performance monitoring, and issue management processes and tools.
• Provide authoritative guidance on emerging risks, including AI, data, and non-traditional models, and shape firm-wide risk appetite for model risk.
• Oversee regulatory exams and internal audits related to model risk, ensuring strong responses, remediation, and continuous improvement.
• Build, lead, and develop a global team of quantitative, risk, and governance professionals with a culture of integrity and collaboration.
• Use data-driven insights to improve model oversight, reporting, and decision-making supporting BNY's strategic and client objectives.

Required Skills

• Model risk management
• Quantitative risk modeling
• Regulatory guidance (e.g., SR 11-7)
• Financial engineering
• Risk governance and frameworks
• Model validation and performance testing
• Derivatives and market risk knowledge
• Credit and capital models
• AI/ML model oversight
• Regulatory exam and audit management