Credit Risk Model Owner
$85,000–$131,000 year
Hybrid · New York City, New York, United States
Job Summary
Credit Risk Model Owner Associate sought to monitor and manage credit risk related models for the SMBC Americas Division portfolio. Responsibilities include conducting model performance monitoring based on monitoring plans, maintaining model inventories, preparing documentation packages with validators, developing internal credit risk rating models with Tokyo Head Office and external vendors, leading related projects, providing training to junior members, and presenting findings to senior management and regulators. Collaboration with model users, validators, internal auditors, and Tokyo Head Office is expected; role involves ensuring governance standards and improvements to data management processes, with emphasis on delivering accurate model validation and user guidance. Ideal candidates will have 5+ years in model risk management, strong quantitative skills (Excel/VBA, SQL, SAS, Python), and effective communication abilities; Master/CFA/FRM preferred; Japanese language skill a plus. The organization supports a hybrid work arrangement and requires candidates to live within commuting distance of their office in New York.
Required Qualifications
- Minimum work experience in model risk management of five years or more such as either model developer, model validator or both
- Major in Probability/Statistics/Financial Mathematics/Computer Science preferred
- Master Degree/CFA/FRM preferred
- Strong knowledge of Model Risk Management framework, regulation and industry practice
- Excellent interpersonal and written and verbal communication skills
- Japanese language skill a plus
Desired Qualifications
- Master Degree/CFA/FRM preferred
- Strong knowledge of Model Risk Management framework and regulation
- Experience developing credit rating models and documentation
- Excellent interpersonal and written/verbal communication skills
- Japanese language skill a plus
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