Senior Model Validation Director

SMBC Group Sr Model Validation Analyst

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history. The Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. With more than 130 offices and 80,000 employees worldwide in nearly 40 countries, Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. The anticipated salary range for this role is between $202,000.00 and $235,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

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.

Role 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.

Qualifications and Skills

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com. EOE, including Disability / veterans.