Model Validation Analyst

1 week ago

White Plains, New York, United States SMBC Group Full time

The anticipated salary range for this role is between $82,000.00 and $96,000.00. 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

Reporting 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

In-depth knowledge in credit grading, PD/LGD/EAD, loss reserve, CECL, capital and stress testing models Hands on experience in model validation and model development; and working with large and complex data sets. Strong knowledge of SR11-7, capital, stress testing, and other regulatory requirements. Strong analytical skills, both quantitative and qualitative. Effective interpersonal skills, strong communication, especially written. Work Experience: 0 to 1 years of specialized experience in Quantitative Financial Services Education: Required: MS or PhD (or equivalent experience). Preferred: Degree in Quantitative Math, Finance or Physics a plus

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.

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