Model Risk Auditor - Vice President at BNY

Position	Model Risk Auditor - Vice President
Posted	24 Jun 2026
Expired	24 Jul 2026
Company	BNY
Location	London \| GB
Job Type	Full Time

Job Description:

Latest job information from BNY for the position of Model Risk Auditor - Vice President. If the Model Risk Auditor - Vice President vacancy in London matches your qualifications, please submit your latest application or CV directly through the updated Jobkos job portal.

Please note that applying for a job may not always be easy, as new candidates must meet certain qualifications and requirements set by the company. We hope the career opportunity at BNY for the position of Model Risk Auditor - Vice President below matches your qualifications.

Job Description

We are seeking a highly motivated Model Risk Auditor to join our dynamic Model Risk Internal Audit team. This role is located in London, UK.

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

Lead or participate in complex Internal Audit engagements focused on model risk, including reviews of counterparty risk and market risk models, across all phases of the audit lifecycle: planning, fieldwork, and reporting.
Evaluate the design and operating effectiveness of controls over model development, implementation, use, and validation activities, including supporting documentation, modeling methodologies, input data, parameter selection, outcome analysis, and other significant modeling judgments.
Perform and oversee audit testing with sufficient depth, accuracy, and rigor to support conclusions regarding adherence to Internal Audit methodology, internal policies and procedures, and applicable regulatory requirements.
Identify, assess, and communicate significant issues and control weaknesses within model risk areas under review, and effectively challenge management to drive appropriate and timely remediation.
Prepare high-quality audit reports and other written deliverables that clearly articulate observations, risk implications, root causes, and recommendations.
Monitor and validate the remediation of audit findings, including evaluating the design and operating effectiveness of corrective actions, where applicable.
Provide guidance, coaching, and constructive feedback to team members, including reviewing audit workpapers to ensure quality, consistency, and adherence to Internal Audit standards.
Develop and maintain effective working relationships with key stakeholders across Risk, Model Risk Management, Front Office, and other control functions, while contributing to continuous monitoring activities in model risk areas.
Serve as a subject matter expert within Internal Audit on model risk management practices, with particular focus on counterparty risk and market risk frameworks, regulatory expectations, and industry developments.
Identify control environment gaps, emerging risks, and inconsistencies with regulatory expectations, and contribute to the development and refinement of the annual Internal Audit plan for model risk.
Maintain current knowledge of model risk management practices, counterparty risk and market risk methodologies, evolving regulatory expectations, and relevant industry standards.
Apply a data-driven mindset and leverage advanced data analytics to enhance audit coverage, strengthen risk assessment, and deliver value-added audit insights.
Support ad hoc reviews, special projects, and other Internal Audit initiatives as directed by senior audit management..

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

Bachelor's degree or equivalent combination of education and work experience required.
Advanced degree (PhD) in Math, Statistics, Physics, Economics or Engineering preferred.
Relevent work experience preferred.
Prior experience in model development, validation, or audit preferred.
Proficient understanding of SR 11-7 and SR 26-2.
Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving.

Job Info:

Company: BNY
Position: Model Risk Auditor - Vice President
Work Location: London
Country: GB

How to Submit an Application:

After reading and understanding the criteria and minimum qualification requirements explained in the job information Model Risk Auditor - Vice President at the office London above, immediately complete the job application files such as a job application letter, CV, photocopy of diploma, transcript, and other supplements as explained above. Submit via the Next Page link below.

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