Role DescriptionReporting to the Manager, Model Validation Group, the Model Validation Analyst plays an active role in the implementation and enhancement of Model Risk Management framework for the NYB and subsidiaries by performing independent validation of Credit Risk, Liquidity Risk, and capital stress testing models with the goals of enhancing model risk governance and improving model quality.
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.
- 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.
Qualifications and Skills• Master's Degree required (MA / MS / MBA) in Finance, Mathematics, Physics, Engineering, Computer Science or related quantitative field.
• 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.
• 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.
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.
