Senior Model Validation Director
About The Position
As part of the Risk Management Department, the Model Validation Group develops and enhances the Model Risk Management framework for the Americas Division to ensure continuous improvement of the model quality and governance. The Sr Model Validation Analyst applies numerical, statistical and qualitative knowledge to perform model validation and measures, monitors and reports model risk from model validation and model governance perspectives. This position provides day-to-day support to model risk management activities. Expertise is required to interpret against policies, guidelines or processes, and the position is considered analytical, developing solutions based upon subject matter expertise and advanced quantitative and business knowledge. May occasionally represents the department at a broader level and may supervise day-to-day work of junior employees. Decision making and complex scenarios are escalated to the Group Dept. Head or CRO. This position will have a double cap responsibility to Global Risk Management Group of Head Office.
Requirements
- 10 years of wholesale credit modelling or validation experience in Financial Services
- Strong analytical skills, both quantitative and qualitative.
- Good problem solver; able to work multiple cross-functional efforts.
- Effective interpersonal skills, strong communication, especially written.
- Ability to climb fast learning curves in areas of limited prior experience.
Nice To Haves
- Master Degree in Quantitative Math, Finance or Physics 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.
- 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.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Director
Number of Employees
5,001-10,000 employees
