THIS NOTICE IS BEING FILED AS A RESULT OF THE FILING OF AN APPLICATION FOR PERMANENT ALIEN LABOR CERTIFICATION. ANY PERSON MAY PROVIDE DOCUMENTARY EVIDENCE BEARING ON THE APPLICATION TO THE REGIONAL CERTIFYING OFFICER OF THE U.S. DEPARTMENT OF LABOR.

CERTIFYING OFFICER, U.S. DEPARTMENT OF LABOR, EMPLOYMENT AND TRAINING ADMINISTRATION, OFFICE OF FOREIGN LABOR CERTIFICATION, 200 CONSTITUTION AVENUE, NW, ROOM N-5311, WASHINGTON, DC 20210. CERTIFYING OFFICE E-MAIL: PLC.ATLANTA@DOL.GOV.

JOB: The Bank of New York Mellon seeks a Vice President, Model Risk Management II in New York, NY, to contribute to highly visible enterprise-wide model development function in the organization. Execute enterprise standards for model validation. Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters. Perform trade execution and pricing for various balance sheet accounts for the enterprise. Responsible for identifying optimal pricing used in enterprise capital issuance activity. Interact with various market participants to support pricing and trade execution. Work to identify and evaluate model risk as well as proposed controls to manage that risk. Perform validation and testing of models to ensure adequacy, and reformulate models, as necessary. Investigate the weaknesses of a framework and setting the scope and designing tests for a validation effort, appropriate to that framework. Forecast the execution enterprise standards for model validation, by setting the scope of a validation effort. Design the tests and review activities necessary to evaluate a model. Responsible for evaluating the strengths and weaknesses of a model's conceptual framework to identify situations where a model may become less useful. Review the accuracy of reports and calculations performed by less experienced colleagues. Review the risks identified by more junior analysts and formulate the proposed controls into a plan of action for management. Responsible for the technical direction, accuracy, and soundness of quantitative methods in the assigned area. Remote work may be permitted within a commutable distance from the worksite.

WORK LOCATION: 240 Greenwich Street, New York, NY 10286

REQUIREMENTS: Master’s degree, or foreign equivalent, in Mathematics, Physics, Statistics, Econometrics, or a related field, and two (2) years of experience in the job offered or in a related quantitative occupation. Two (2) years of experience must include: Utilizing Bloomberg along with rates and FX product including financial, bank capital, bank ALM modeling and analysis; Utilizing stock repurchase and debt issuance for financial institutions; Reviewing and commenting on bank regulatory documents, including DFAST, CCAR, and FOMC meeting minutes; Using R and Python to run sensitivity analysis on models based on key parameters, including LIBOR, federal fund rate, and panic index (VIX); Executing FX swap for US Dollars (USD) against Canadian Dollars (CAD) and Mexican Peso (MXN) and overseeing various hedges, including capital and cash flow hedges; Using QRM as part of Securities Haircut framework enhancement to automate the Stress Lendable Value calculation; and Using Python to analyze discrepancies between actual Federal Reserve EOD balance and bankruptcy forecast balance to avoid over-funded and under-funded situations. Qualified applicants please apply online at https://bnymellon.eightfold.ai/careers and utilize reference code #54194. Please indicate “referral source – advertisement – INTRA”.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary/range for this position is expected to be $151,815.00 to $203,000.00 per year at the commencement of employment. Base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will, and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.