Model Validation Analyst
About The Position
SMBC Group is a top-tier global financial group with a 400-year history, offering diverse financial services. In the Americas, SMBC Group has a presence in multiple countries and provides commercial and investment banking services. The anticipated salary range for this role is between $82,000.00 and $96,000.00, with potential for an annual discretionary incentive award. SMBC offers a competitive portfolio of benefits. This role reports to the Manager, Model Validation Group and is responsible for the implementation and enhancement of the Model Risk Management framework for NYB and subsidiaries. The primary focus is on performing independent validation of Credit Risk, Liquidity Risk, and capital stress testing models to improve model risk governance and model quality.
Requirements
- Master's Degree required (MA / MS / MBA) in Finance, Mathematics, Physics, Engineering, Computer Science or related quantitative field.
- Strong analytical skills, both quantitative and qualitative.
- Proficiency in programming, especially Python.
- Ability to solve complex problems, to learn quickly and to support multiple cross-functional efforts.
- Effective interpersonal and leadership skills, strong communication, especially written skills.
Nice To Haves
- Academic and/or professional knowledge in derivative pricing (particularly interest rate and FX products), knowledge of market risk or liquidity risk models is a plus.
Responsibilities
- Conducts model validation and model risk governance across SMBC businesses and group companies.
- Applies robust model validation methodology to assess the conceptual soundness of model theory, quality of model implementation, and model ongoing monitoring.
- Develops and applies model quality assessment and approval criteria to ensure the integrity of model implementation, inputs, outputs, monitoring and reporting.
- Develops and maintains documentation, work papers and professional reports of validation results.
- Communicates findings from validate work to management and stakeholders, including recommendations as appropriate.
- Summarize and present model validation results to model risk management committee.
- Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.
Benefits
- Competitive portfolio of benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
