Model Risk Associate

Smbc • Charlotte, NC

306d • $95,000 - $135,000 • Remote

About The Position

SMBC is seeking a Model Risk Associate with strong quantitative background to join the Model Risk Governance Team within the Model Risk & Validation Group. The Model Risk Governance Team is responsible for maintaining policy and procedures, overseeing model risk reporting, and leading efforts to effectively identify new models. This position will be part of our hybrid workforce model utilizing a combination of in-office and at-home work arrangement.

Requirements

• BS or equivalent degree in Statistics, Mathematics, Engineering, Computer Science, Economics, or related fields
• 3+ years of experience in risk management, risk analytics, risk consulting, or related domains in financial institutions or consulting firms
• Excellent communication (verbal and written), organizational, and interpersonal skills.
• Proficiency in Microsoft SharePoint, Microsoft PowerBI, Microsoft Office suite
• Ability to distill complex data to identify key themes and insights
• Familiarity with programming languages (e.g. Python, R, VBA, SQL)

Responsibilities

• Engage with business stakeholders across Americas Division to conduct model attestation processes to ensure completeness and accuracy of the model inventory.
• Engage with front office model owner teams to monitor progress of remediation actions to resolve findings and policy exceptions.
• Lead effort to continuously improve model identification processes by streamlining existing processes and partnering with other areas within the bank to enhance proactive model identification processes.
• Work collaboratively with Model Risk & Validation team to document rationale for model determinations.
• Support enhancements to model risk management framework, policy, and procedures.
• Support audits and examinations, as well as lead remediation efforts.
• Develop and enhance model risk metrics reports and present results to senior management.

Benefits

• Competitive portfolio of benefits
• Annual discretionary incentive award

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree