What are the responsibilities and job description for the Model Risk Associate position at SMBC Group?
The anticipated salary range for this role is between $95,000.00 and $135,000.00. 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
SMBC is seeking a Model Risk Associate with strong quantitative background to join the Model Risk Governance Team within the Model Risk & Validation Group. The Model Risk Governance Team is responsible for maintaining policy and procedures, overseeing model risk reporting, and leading efforts to effectively identify new models. This position will be part of our hybrid workforce model utilizing a combination of in-office and at-home work arrangement.
Role Responsibilities :
- Engage with business stakeholders across Americas Division to conduct model attestation processes to ensure completeness and accuracy of the model inventory.
- Engage with front office model owner teams to monitor progress of remediation actions to resolve findings and policy exceptions.
- Lead effort to continuously improve model identification processes by streamlining existing processes and partnering with other areas within the bank to enhance proactive model identification processes.
- Work collaboratively with Model Risk & Validation team to document rationale for model determinations.
- Support enhancements to model risk management framework, policy, and procedures.
- Support audits and examinations, as well as lead remediation efforts.
- Develop and enhance model risk metrics reports and present results to senior management.
Qualifications and Skills
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.
Salary : $95,000 - $135,000
