Job Description

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Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world\'s top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the \xe2\x80\x9cbank of banks\xe2\x80\x9d - 97% of the world\xe2\x80\x99s top banks work with us as we lead and serve our customers into the new era of digital.

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we\xe2\x80\x99re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

We welcome you to apply! When applying to this general posting, our expert BNY Mellon Talent Acquisition Team may also review your resume for consideration across other open roles within the company.

We\xe2\x80\x99re seeking future team members for our Model Risk Management with roles located in Pune and Chennai, India in hybrid/remote positions.

Responsibilities:

The Senior Specialist, Model Risk will contribute to highly visible enterprise-wide model development functions in the organization. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. The role will be to execute enterprise standards for model validation. The incumbent will be responsible for leading work to identify and evaluate model risk as well as proposing controls to manage that risk. This will entail investigating the weaknesses of a framework and setting the scope and designing tests for a validation effort, appropriate to that framework. With large and global operations, model risk underlies much of what we do. The Model Risk Management Group (MRMG) oversees all of the bank\xe2\x80\x99s modelling. It sets standards for development and approves all models before they are used in the firm. Through intense interrogation of methodologies and comparison with its own models, the team aims to root out how each model will fail and ensure controls are in place.

As a Model Risk Specialist, you will be responsible for reviewing machine learning and artificial intelligence approaches. This requires challenging the ML/AI models built by the model development team and designing and executing tests for conceptual framework and outcomes. The role may require building benchmarks (shadow frameworks) that run alongside those in production, allowing MRMG to monitor performance in real time. You will be guided by more senior colleagues that help establish the validation scope. The work is highly independent and requires responsibility and accountability for accuracy and quality.

Required Qualifications:

• Master\'s Degree/PhD in a quantitative discipline (engineering or mathematics or physics or statistics or econometrics or data science)
• Minimum 12 years required. The candidate must have a superb quantitative and analytical background with a solid theoretical foundation
• Understanding of design, development, and implementation of machine learning and artificial intelligence models
• Modelling experience required
• Programming skills in one of those languages: Python, R, Matlab or similar
• Good communication skills. The candidate should have a strong interest in financial engineering or products of financial markets or statistics or econometric modelling or data science or machine learning.

At BNY Mellon, our inclusive culture speaks for itself. Here\xe2\x80\x99s a few of our awards:

• Fortune World\xe2\x80\x99s Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg\xe2\x80\x99s Gender Equality Index (GEI)
• Human Rights Campaign Foundation, 100% score Corporate Equality Index

, Disability: IN \xe2\x80\x93 100% score * 100 Best Workplaces for Innovators, Fast Company

• CDP\xe2\x80\x99s Climate Change \xe2\x80\x98A List\xe2\x80\x99

Our Benefits:

BNY Mellon 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\xe2\x80\x99s 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 that can support you and your family through moments that matter.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team \xe2\x80\x93 one that is representative and inclusive of the diverse talent, clients and communities we work with and serve \xe2\x80\x93 and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

BNY Mellon