Sr Model Validation Specialist

The anticipated salary range for this role is between $155,000.00 and $190,000.00. 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 Risk & Validation department enhances the Model Risk Management framework for the Americas Division to ensure continuous improvement of the model quality and governance. The Sr Model Validation Specialist applies numerical, statistical and qualitative knowledge to perform model validation and measures, monitors and reports model risk from model validation perspectives. This position provides model validation support to various types of models. Expertise is required to have great understanding of statistical models, identify issues and limitations, and provide recommendation to enhance existing models

Role Objectives : Delivery

Conducts model validation and model risk governance across SMBC businesses and group companies.

Develops model validation methodology to assess models to confirm the conceptual; soundness of model theory, quality of model implementation, and robustness of model ongoing monitoring.

Conducts thorough review on model annual assessment, model changes, and ongoing monitoring results

Develops and maintains documentation, work papers and professional reports of validation results.

Communicates findings from validation work to management and stakeholders, including recommendations as appropriate.

Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

Qualifications and Skills

Recommended years of experience : 7

BS / BA degree is required

Knowledge and skill set in model valuation and model development; and working with large and complex data sets.

Ability to apply regulatory requirements outlined in CECL, IFRS9, SR11-7, capital, CCRA, and DFAST, and other regulations and rules to conducting model validation and model governance assignments

Strong analytical skills, both quantitative and qualitative

Good problem solver; ability to learn quickly; able to work multiple cross-functional efforts.

Effective interpersonal skills, strong communication, especially written.

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.