Credit Risk Model Owner
Sumitomo Mitsui Banking Corporation•New York, NY
•$133,000 - $181,000•Hybrid
About The Position
SMBC is seeking a Credit Risk Model Owner VP to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role is expected to conduct regular model monitoring procedure, finding management, and model governance, communicate with key model stakeholders including Tokyo Head Office, and report to team leads and senior management.
Requirements
- Minimum work experience in model risk management of five years or more such as either model developer, model validator or both (experience related to credit risk rating models is highly desirable)
- Major in Probability/Statistics/Financial Mathematics/Computer Science preferred
- Highly desirable technical and quantitative analysis skills with statistic knowledge and with technical knowledge such as using Excel (VBA), MS Access, SQL, SAS and Python.
- Excellent interpersonal and written and verbal communication skills
Nice To Haves
- Master Degree/CFA/FRM preferred
- Japanese language skill a plus
Responsibilities
- Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicate with team leads and model validation team
- Maintain the credit risk related model inventories, work with model validators to prepare the model documentation package, findings remediation, model attestation, etc.
- Develop internal credit risk rating models collaborating with Tokyo Head Office, Model Validation team and external vendors
- Lead credit risk model related projects and report it to senior management
- Periodic monitoring on the use of credit models to identify and examine the need for enhancements of the models and their user guidance including training to model users
- Enhance model management, governance processes and model documentation standards to improve efficiency and accuracy of model validation process
- Communicate with various model stakeholders, including model users, model validators and internal auditors across the bank including Tokyo Head Office
- Report to team leads and senior management and also lead and train junior members
- Recommend enhancements to data management process to improve efficiency and accuracy of ongoing performance monitoring
- Make presentations to senior management and regulators about credit risk related models and make trainings to model users
Benefits
- competitive portfolio of benefits
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
