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Director, Audit Manager (Modeler)

Employer
BNY Mellon
Location
Boston, USA
Salary
Competitive
Closing date
Jul 13, 2024

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Director, Audit Manager (Modeler) to join our Internal Audit team. This role is located in Boston, MA .

In this role, you'll make an impact in the following ways:
  • Perform high quality, risk-focused fieldwork, in accordance with Internal Audit policies, methodologies, and standards in order to identify meaningful issues, risks and other exposures related to model risk throughout the company.
  • The position requires special skills (e.g. mathematical, statistical, quantitative, economic, and business knowledge and modelling experience). This individual has a unique and advanced skill set that warrants additional tactical responsibility.
  • 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. Creates and maintains accurate and clear work documents.
  • Learns new businesses, processes, and regulations effectively and quickly. Begin to supervise/mentor/guide other auditors on teams. Engages in relevant training regarding audit, businesses, financial controls, regulations, or a modelling specialty.
  • Demonstrates understanding of business knowledge and processes through flowcharting, workpapers, analysis, issue identification and discussions with managers, project leaders, and auditees. Work on projects of great complexity that involves significant understanding of the regulatory requirements, business models and processes for each assignment.
  • Must be able to quickly assimilate new information to analyze the risks and controls effectively. Leverages advanced business knowledge or experience to practice strategic or systemic results.
  • Contribute to highly technical and specialized audit issues with advanced skill sets or business knowledge not readily available in the department. Identify problems that are not consistent with past audits and structure solutions and remedies to bring issues to resolution. Actively take part in advancing recommendations.
  • This level of Auditor is proficient with programming languages used for model development and validation, such as Matlab, R, C++, Python, etc. leverages knowledge of business strategies, processes, and regulations to effectively and quickly anticipate the changing nature of risk. Demonstrates these skills through advanced analysis of business processes and issue identification, as well as discussions with the audit manager and auditees.

To be successful in this role, we're seeking the following:
  • Bachelor's degree or equivalent. An advanced degree (PhD would be preferred but not required) in mathematics, economics, or other related field; MBA CPA, CFA certifications preferred.
  • 12-15 years of total work experience preferred.
  • 3+ years modelling / quantitative experience including experience in model audit or the relevant specialty area such as model development, model validation, stress testing, and capital planning.
  • Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving.
  • Strong quantitative and analytical background coupled with strong theoretical foundation and good communication skills preferred.


At BNY, our culture speaks for itself. Here's a few of our awards:
  • America's Most Innovative Companies, Fortune, 2024
  • World's Most Admired Companies, Fortune 2024
  • Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
  • Best Places to Work for Disability Inclusion , Disability: IN - 100% score, 2023-2024
  • "Most Just Companies", Just Capital and CNBC, 2024
  • Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
  • Bloomberg's Gender Equality Index (GEI), 2023


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.

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

EEO Statement:

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.

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