Vice President, Model Development

Vice President, Model Development

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 #LifeAtBNY 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 Development team. This role is located in New York City 

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

• Develop, enhance, and document wholesale and retail credit risk modeling methodologies. 
• Develop, enhance, and document climate risk modeling methodologies for the Bank’s wholesale and retail portfolios.
• This role will assist in managing inbound questions, deliverables, and ad-hoc requests with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines. 
• Execute corporate-wide standards for model development by creating options for theoretical frameworks, collecting the required data, supporting assumptions, and reviewing outcomes 
• Responsible for performance monitoring of models, identifying possible deterioration by comparing outcomes to established thresholds.
• Regular interactions (presentations, written communications etc) with business, technology, and other stakeholders in the bank such as Finance, Treasury, and Model Risk Management. 
• Good inter-personal and negotiation skills are a key factor to accomplishing goals when interacting in a complex, multiple-priority environment. Strong programming skills in Python and R is desired.
  
   

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

• Master's Degree/PhD in a quantitative discipline, including financial engineering, mathematics, physics, statistics, economics, Operations Research, or similar. The candidate must have a quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills. 
• 0-2 years of relevant experience in financial services is preferred
• The candidate must have experience with complex quantitative modelling, numerical analysis, and computational methods using programming languages (such as Python and R) and have experience with database. 
• Internship experience in quantitative modeling positions for a leading financial institution / central bank, consulting firm or similar
• Experience in fixed income and equity pricing
• Extremely focused, detail oriented and highly productive with ability to synthesize large amounts of data and various viewpoints and summarize key concepts
• Excellent organizational and communication (verbal and written) skills
• A proven track record of executing against deliverables and meeting deadlines under pressure

 

 

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.