Hybrid Senior Model Validation Director

at Sumitomo Mitsui Banking Corporation – SMBC Group

• Job title: Senior Model Validation Director
• Job type: Full Time
• Experience level: Senior
• Salary: $202,000 - $235,000 per year
• Degree requirement: Postgraduate Degree
• Location requirements: Hybrid, Jersey City, United States

About the role

• Senior Model Validation Director developing and enhancing model risk management framework for the Americas Division. Conducting model validation and governance across SMBC businesses and group companies.

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.

Requirements

• 10 years of wholesale credit modelling or validation experience in Financial Services;
• Master Degree in Quantitative Math, Finance or Physics a plus;
• Strong analytical skills, both quantitative and qualitative.
• Good problem solver; able to work multiple cross-functional efforts.
• Effective interpersonal skills, strong communication, especially written.
• Ability to climb fast learning curves in areas of limited prior experience.

Benefits

• Competitive portfolio of benefits