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About the Role

The Model Validation Analyst plays an active role in implementing and enhancing the Model Risk Management framework for NYB and subsidiaries by performing independent validation of Credit Risk, Liquidity Risk, and capital stress testing models. The goal is to enhance model risk governance and improve model quality.

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.
• Summarizes and presents model validation results to the model risk management committee.
• Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

Requirements

• 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.
• Ability to solve complex problems, to learn quickly and to support multiple cross-functional efforts.

Skills

• Proficiency in programming, especially Python.
• Effective interpersonal and leadership skills.
• Strong communication, especially written skills.

Location

• NYB

Work Type

• Hybrid

Education Level

• Master's Degree

Salary/Compensations

• $82,000.00 - $96,000.00

Benefits

• Competitive portfolio of benefits

About the Company

• SMBC Group is a top-tier global financial group headquartered in Tokyo 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 MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

Equal Opportunity

• 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.