Senior Vice President, Model Risk Governance

The governance and reporting role within the Risk and Compliance Assurance Testing (RCAT) function, is accountable for designing and maintaining the testing framework and providing oversight and reporting support for all RCAT operations. The role is responsible for the design and implementation of the framework, policies and standards ensuring that testing is appropriately executed, maintain sufficient coverage of regulatory requirements, and reporting and oversight of operations.

By driving strong compliance culture, transparency and effective challenge through independent testing, the role directly supports BNY’s delivery of resilient and trusted platforms and protecting clients and the firm. 

PRIMARY RESPONSIBILITIES

• Maintain policies, standards, and procedures, and propose changes to process and controls as needed. 
• Oversee RCAT operations and ensure timelines and quality work product meet standards and framework requirements.
• Support governance and reporting process by contributing to internal RCAT meetings, key stakeholder meetings, forums, and committees.
• Support communication model and provide trainings related to testing methodology to RCAT team members.
• Anticipate and respond to stakeholder requests/meetings and ensure the function’s practices remain aligned with industry best practice and regulatory expectations.
• Engage with Internal Audit on testing to streamline coverage and communicate status of open issues and validation results.

EDUCATION/QUALIFICATIONS

• Bachelor’s degree (in Mathematics, Statistics, Economics, Finance, Engineering, Computer Science, Accounting, Risk Management, or Law), or an equivalent combination of education. 
• Direct experience in governance, risk, compliance, and/or audit roles. 
• Governance, Compliance, Risk, Control and/or Testing proficiency. 
• Demonstrate record of thought leadership in control testing domains.

EXPERIENCE

• Typically, 10+ years of experience
• Strong strategic leadership, stakeholder management and influencing skills, with the ability to provide credible challenge and partner effectively with senior executives, regulators and cross‑functional teams.
• Exceptional risk judgment and decision‑making capabilities, with the ability to balance innovation and business needs. 

SKILLS

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.

At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn

 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.

BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. 

Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee’s eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.