Model Validation Analyst

Sumitomo Mitsui Banking Corporation•City of White Plains, NY

1d•$82,000 - $96,000•Hybrid

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 provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and its global network. The Model Validation Analyst plays an active role in implementing and enhancing the Model Risk Management framework for NYB and subsidiaries. This involves 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.