AI/ML Model Risk Manager

1 month ago


Chennai, Tamil Nadu, India THE BANK OF NEW YORK MELLON CORPORATION Full time

About Us

The Bank of New York Mellon Corporation is a leading global financial institution with a rich history and industry firsts. With over years of evolution, we've established ourselves as a leader in asset management and banking.

Our culture empowers you to grow, take risks, experiment, and be yourself. We're approximately employees across countries, with a strong focus on diversity and inclusion.

We welcome talented professionals to join our team and contribute to our mission of delivering exceptional results. As a Vice President, AI/ML Model Risk Management II, you will play a critical role in shaping our model development functions.

Job Description

As an AI/ML Model Risk Manager, you will be responsible for executing enterprise standards for model validation. This involves identifying and evaluating model risk, proposing controls to manage that risk, and investigating the weaknesses of frameworks.

You will lead work to design tests for conceptual frameworks and outcomes, reviewing machine learning, artificial intelligence approaches, and traditional models. Your expertise will help ensure that models are accurate, reliable, and aligned with business objectives.

Responsibilities
  • Execute enterprise standards for model validation, including identifying and evaluating model risk
  • Propose controls to manage model risk, such as designing tests for conceptual frameworks and outcomes
  • Investigate the weaknesses of frameworks and identify areas for improvement
  • Review machine learning, artificial intelligence approaches, and traditional models to ensure accuracy and reliability
Requirements

To succeed in this role, you will need:

  • A Master's Degree or PhD in a quantitative discipline (engineering, mathematics, physics, statistics, econometrics, or data science)
  • A minimum of years of experience in model risk management or a related field
  • Expertise in machine learning, artificial intelligence, and statistical modeling
  • Programming skills in Python, R, Matlab, or similar languages
  • Excellent communication and analytical skills
Salary

Our estimated salary for this role is $180,000 per year, based on national averages and industry standards.

Benefits

BNY Mellon offers a comprehensive benefits package, including health insurance, retirement plans, and paid time off. We also provide opportunities for professional growth and development, as well as a collaborative and inclusive work environment.


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