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Asset Management
Vice President, Model Development, Credit Rating Modeling
at BNY Mellon
GraduateNo visa sponsorshipData Science/AI/ML
Posted 5 hours ago
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- Compensation
- Not specified
- City
- Not specified
- Country
- Poland
Currency: Not specified
Lead and execute corporate-wide model development standards for credit rating modeling, including designing theoretical frameworks, collecting data, and implementing estimation approaches (PD, LGD, RWA/EAD). Monitor model performance, identify deterioration against thresholds, execute approved estimation approaches, support Model Risk Management testing, and communicate results to management and regulatory stakeholders.
Vice President, Model Development , Credit Rating Modeling
Title in the contract: Vice President, Model Development
At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
We’re seeking a future team member for the role of VP Model Development Credit Rating Modeling I to join our Risk& Compliance team. This role is in Wroclaw.
In this role, you’ll make an impact in the following ways:
- 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.
To be successful in this role, we’re seeking the following:
- 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 a chief-level stakeholders and regulatory institutions.
- 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.
At BNY, our culture speaks for itself, check out the latest BNY news at:
Here’s a few of our recent awards:
- America’s Most Innovative Companies, Fortune, 2025
- World’s Most Admired Companies, Fortune 2025
- “Most Just Companies”, Just Capital and CNBC, 2025
Our Benefits and Rewards:
BNY 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’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, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
