What are the responsibilities and job description for the Validation specialist position at SMBC Group?
The anticipated salary range for this role is between $95,000.00 and $140,000.00. 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 qualified individual as a Model Validation Specialist that will report to the Compliance Model Validation Manager, in the Risk Management Department, Americas Division.
The Compliance Model Validation Specialist / Sr. Analyst will lead the validation of models and fraud detection models for SMBC.
Role Responsibilities :
- Conduct end-to-end validations and reviews of BSA / AML models, assessing model risk from the aspects of data quality, model / scenarios design, model usage, model implementation, model performance, model control and ongoing performance monitoring
- Identify model deficiencies through validations, communicate the issue with model owners and senior management, and provide feasible and adequate recommendations
- Develop and maintain documentation templates, testing packages and tools to automate and standardize validation processes
- Support audits and examinations for compliance and fraud risk models
- Maintain up-to-date knowledge in AML / fraud regulations and industry best practice
Qualifications and Skills
- Master’s or equivalent degree in Statistics, Mathematics, Engineering, Computer Science, Economics, or related fields
- 4 years of experience in compliance analytics, BSA / AML model validations, or related domains in financial institutions or consultancies
- Working knowledge in data science, with capability to cleanse, parse, restructure, and validated datasets
- Experience of developing / validating machine learning models is preferred
- Proficient in programming in SQL and Python
- Good understanding of the finance industry and business lines
- Strong reasoning ability, analytical skills, and communication
Last updated : 2024-11-22
Salary : $95,000 - $140,000
