Vice President, Model Risk Management

We are looking for an experienced and dynamic Vice President of Model Risk Management to join the team at The Bank of New York Mellon. In this role, you will be responsible for leading the model risk management program and ensuring models used by the organization are reliable and compliant with regulatory standards. To be successful, you will need to have a comprehensive understanding of the model risk management process and demonstrate excellent communication and organizational skills. If you are passionate about maintaining a safe and compliant environment and have the necessary qualifications, we want to hear from you!

Responsibilities:

1. Develop and maintain a model risk management program to ensure compliance with regulatory standards.
2. Monitor model performance and accuracy to ensure models are reliable and deliver accurate results.
3. Identify areas of improvement within the existing model risk management process.
4. Work with stakeholders to develop strategies to mitigate any potential risks associated with model development and implementation.
5. Develop and implement procedures and processes for model validation and approval.
6. Manage model risk reporting and provide timely updates to senior management.
7. Provide guidance and advice on model risk management to the wider organization.
8. Create and maintain effective relationships with relevant stakeholders and regulatory bodies.
9. Develop and deliver training on model risk management and processes to staff and stakeholders.
10. Stay up to date with industry trends and regulatory changes to ensure the organization remains compliant.

According to JobzMall, the average salary range for a Vice President, Model Risk Management in Pittsburgh, PA, USA is $126,270 to $184,405. This range is based on salaries reported by people with this job title in the Pittsburgh, PA, USA area.

The Bank of New York Mellon Corporation is an American worldwide banking and financial services holding company headquartered in New York City. Bank of New York was established in 1784. BNY Mellon was formed with the merger of The Bank of New York and the Mellon Financial Corporation.