Associate, Model Risk
About The Position
SMBC Group is a top-tier global financial group with a 400-year history, headquartered in Tokyo. It offers a diverse range of financial services and has a significant presence worldwide. In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and its global network. The role of Associate, Model Risk is part of this organization, focusing on the validation and review of financial models. The anticipated salary range for this role is between $112,778.00 and $135,000.00. The specific salary offered will depend on individual qualifications, experience, and market analysis. The role may also be eligible for an annual discretionary incentive award and offers a competitive portfolio of benefits.
Requirements
- Master’s degree in financial engineering, mathematics or a related field plus 3 years of experience.
- Advanced data science & financial data engineering (cleanse/parse/restructure/validate).
- Advanced programming languages, including SQL and Python or R, for statistical analysis, data manipulation, and independent model replication testing.
- Statistical testing methodologies, machine learning techniques, data segmentation methods, and stress and sensitivity analysis.
- Model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to apply documentation standards for model development, validation, and governance.
- Strong understanding of the financial services industry and business lines.
- The required skill set does not need to be maintained over the full term of the required experience.
Responsibilities
- Conduct end-to-end validations and review of BSA/AML/Fraud models utilizing languages and software including SQL, Python/R and Hadoop.
- Perform assessment on financial model risk based on conceptual soundness, data quality, model/scenarios design, model usage, model implementation, model performance, model control, and ongoing performance monitoring.
- Identify financial model deficiencies through validations, communicate issues with model owners and senior management, and provide feasible and adequate recommendations.
- Develop and maintain documentation templates, testing packages and automation tools and scripts to standardize validation processes.
Benefits
- Annual discretionary incentive award
- Competitive portfolio of benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
