Head of Model Risk Framework

3 weeks ago


White Plains, United States Sumitomo Mitsui Banking Corporation Full time

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has 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 (NYSE: SMFG) 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 Rail Services LLC, Manufacturers Bank, 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 $230,000.00 and $275,000.00. 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**:
SMBC is seeking a Head of Model Risk Framework to lead a team responsible for the continued enhancement of model risk management framework, program, and practices. Reporting to the head of Model Risk Management, this person will play a crucial role in communication with regulators, Board, and senior management as well as leading initiatives and projects to maintain and enhance policies, procedures, reporting, risk appetite and controls.

**Role Objectives**:

- Oversee the continuous enhancement of model risk management framework including policies and procedures
- Support audits and regulator examinations, as well as lead remediation efforts
- Chair and coordinate MRM Committee, and contribute to other board and management committees
- Identify, design, and implement model risk metrics, measurements, and reporting
- Lead a team of model risk management professionals to govern model lifecycle activities across all areas of SMBC Americas
- Ensure adherence to all model risk management processes and controls
- Coordinate across regions to increase alignment and harmonization in MRM frameworks and practices
- Be a thought-leader in model risk management field and stay abreast on model risk trends and leading industry practices to help shape MRM program in an evolving world

**Qualifications and Skills**:

- 8+ years of experience in risk management, risk analytics, risk consulting, or related domains in financial institutions or consultancies
- Experience in project management and team management
- Proficient in Microsoft SharePoint, Microsoft Power BI, Microsoft Office suite
- Strong reasoning ability and analytical skills
- Strong communication and presentation skills
- Ability to distill complex data to identify key themes and insights

**Additional Requirements**:
D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.


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