Model Validation Associate

Job Level: Associate

Job Function: Reporting & Analytics

Location:

White Plains, NY, US, 10601

Employment Type: Full Time

Requisition ID: 7284

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and 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.

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 an Associate - Model Validation with strong quantitative background to join the Trading & Liquidity Model Validation Team within the Model Risk & Validation Group. The Trading & Liquidity Model Validation Team is responsible for the independent validation of all derivative pricing, CCR/xVA, market risk, liquidity risk, E-trading, and ALM, etc., models. This position will be primarily located in the White Plains, NY office within the NYC metropolitan area and will be a part of the hybrid workforce model with time split between in-office and working from home.

Role Objectives: Delivery

Conduct end-to-end validations and reviews of pricing, market risk, liquidity, ALM, and E-trading, etc., models
Apply robust model validation methodology to assess the conceptual soundness of model theory, quality of model implementation, and model ongoing monitoring
Document model validation reports and coordinate with stakeholders to resolve findings
Communicate technical concepts to non-technical audience
Identify opportunities to enhance model development/validation governance and controls. Develop business intelligence and technology solutions to standardize and automate key processes
Monitor model usage and performance to ensure compliance with internal policies and external regulations
Work closely with model developers, risk managers, model governance, and other model validation teams to understand their needs and provide feedback on model validation & governance best practices
Provide training and support to model owners and developers. Stay informed about industry trends and best practices.

Qualifications and Skills

Master's Degree required (MA / MS / MBA) in Finance, Mathematics, Physics, Engineering, Computer Science or related quantitative field with 1-3 years of experience.
Strong analytical skills, both quantitative and qualitative.
Proficient in programming, especially Python.
Proficiency in business intelligence tools, programming skills, and modern risk analytics platforms.
Good analytical and problem-solving skills, with attention to detail and a commitment to accuracy.
Strong written and verbal communication skills, with the ability to present complex information clearly and concisely.
Ability to build and maintain effective working relationships with stakeholders at all levels. Demonstrated ability to work collaboratively in a team environment.
Strong organizational and project management skills, with the ability to manage multiple tasks and priorities simultaneously.

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.

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.