Vice President, Auditor

Job description

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 "bank of banks" - 97% of the world's 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're 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're seeking a future team member for the role of Statistical Model / Quant Senior Auditor II to join our Model Risk Audit team. This role is located in Manchester - HYBRID.

In this role, you'll make an impact in the following ways:

• Performing high quality, risk-focused audit testing, in accordance with Internal Audit policies, methodologies, and standards in order to identify meaningful issues, risks and other exposures related to model risk in Finance's Corporate Treasury functions, and Risk Management areas focusing on the Enterprise-wide management of Operational, Market, and Credit risks.


• Tests model development and model validation processes as per the Supervisory Guidance on Model Risk Management and the Bank's Model Risk Management policies, standards, and procedures.


• Prepare draft audit reports and follow-up of audit actions to ensure corrective actions have been appropriately implemented.


• Learns new businesses, processes and regulations.


• Work with other audit team members to mentor, guide and collaborate.


• Work on projects of great complexity that involves significant understanding of the regulatory requirements, business models and processes for each assignment.


• Maintain up to date knowledge of industry best practice and regulatory requirements.


• Carry out other ad-hoc tasks and projects as directed by audit senior management.


• Represent Internal Audit on projects and at management meetings

To be successful in this role, we're seeking the following:

• Advanced Degrees in Mathematics, Statistics, Economics, or other quantitative fields are required (PhD is preferred);


• Strong quantitative and analytical background coupled with strong theoretical foundation and good communication skills preferred.


• Relevant years modeling / quantitative experience including experience in model audit or the relevant specialty area such as model development, model validation, stress testing, and capital planning.


• The position requires special skills (eg. mathematical, statistical, quantitative, economic, and business knowledge and modeling experience).


• Proficient with programming languages used for model development and validation, such as Matlab, R, C++, Python, etc.

At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:

• Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion


• Bloomberg's Gender Equality Index (GEI)


• Human Rights Campaign Foundation, 100% score Corporate Equality Index


• Best Places to Work for Disability Inclusion , Disability: IN - 100% score


• 100 Best Workplaces for Innovators, Fast Company


• CDP's Climate Change 'A List'

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'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 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.