Senior Principal, Model Risk

The Bank of New York Mellon seeks Senior Group Manager, Model Risk in Pittsburgh, Pennsylvania, to coordinate a corporate validation function in the organization that covers multiple modeling areas within a discipline or modeling disciplines. REQUIREMENTS: Master's degree in Financial Engineering, Engineering (physical disciplines), Physics, Mathematics, Statistics, Econometrics or a related field and seven (7) years of experience in the job offered or a related occupation. Seven (7) years of experience must include: Utilizing QRM to model asset liability management or market risk; Utilizing programming languages, including SQL, VBA or R to develop financial models; Conducting mortgage portfolio modeling including prepayment, valuation, or pricing; and Executing quantitative modeling or market risk for the banking industry. Four (4) years of experience must include: Handling model development or model-risk management for ADCo model, Intex model, interest rate term structure model, yield curve construction, Value at Risk (VaR) model for MBS, CMO, structured products, whole mortgage loans, and derivatives; and Utilizing economic value of equity (EVE), net interest income (NII), earning at risk (EaR), and other comprehensive income (OCI) concepts for bank's stress testing and business-as-usual modeling purposes. Qualified applicants please apply online at https://bnymellon.eightfold.ai/careers and utilize reference code # 16828. Please indicate "referral source - advertisement -WEB."