Overview

Join to apply for the Vice President, Model Development I, Credit Rating Modeling role at BNY.

The role is in Wroclaw (HYBRID) and is part of the Risk & Compliance team. The incumbent will contribute to models and non-models (Estimation Approaches) used for credit management decisions and reporting to Credit Officers. The position involves executing corporate-wide standards for development, update and maintenance of the Estimation Approaches.

Credit Rating Modeling (CRM) is part of Risk Modeling and Analytics and develops Estimation Approaches that produce credit ratings for the wholesale portfolio. CRM coordinates with Credit Officers and is subject to standards set by Model Risk Management Group (MRMG). CRM is regularly audited by Internal Audit and regulators such as the Federal Reserve Bank of New York.

The role follows a task-based contract style with CET time zone coverage (9:00 AM – 5:00 PM) and optional evening ad-hoc calls to accommodate USA Credit Officers.

Your Role

The incumbent as a member of the Credit Rating Modeling group will develop, update and monitor performance of the Estimation Approaches, which are used to assess creditworthiness of BNY counterparties by:

• executing corporate-wide standards for model development through creating options for theoretical frameworks, collecting data needed, supporting assumptions, and reviewing outcomes,
• aligning to the development scope established by more senior colleagues,
• monitoring performance of Estimation Approaches, identifying possible deterioration by comparing outcomes to established thresholds,
• executing Estimation Approaches in accordance with approval conditions and communicate results to management,
• supporting use of the Estimation Approaches,
• provide testing and analysis at the request of Model Risk Management Group.

As a successful candidate you will be given an opportunity to acquire and develop knowledge from related fields:

• Credit Risk measurement’s concepts: Basel Accords, Risk-Weighted Assets, Probability of Default, Loss Given Default, CECL,
• Creditworthiness evaluation for various types of wholesale customers,
• Financial ratios analysis and interpretation,
• Climate risk ranking and financed greenhouse gasses emissions,
• Reporting to and communicating with chief-level stakeholders and regulatory institutions.

Qualifications

• Graduates of Econometrics/Finance/Economics.
• Master’s degree: 1-2 years of job-related experience,
• PhD degree: 0-1 years of professional experience.
• Theoretical background and knowledge of Credit Risk Measurement’s concepts: Basel Accords, RWA, PD, LGD, EAD and UGD estimations.
• Experience with quantitative modeling, numerical analysis, and computational methods with any programming language (Python, VBA, R or SQL are adequate) as well as mathematical/statistical software packages.
• The candidate must have excellent presentation skills, assertiveness & influencing skills, and ability to explain abstract theoretical concepts to a non-expert audience in an easy-to-understand language.
• Proficiency in business English. The candidate must be able to communicate professionally in English-speaking environment. He/she will co-operate, report and communicate with English-speaking stakeholders on a daily basis.

Benefits

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and a 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.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Business Development and Sales

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