The Associate is responsible for documenting model development in accordance with regulatory expectations and internal standards, and for assessing the suitability of models for their intended business purpose
Job Summary
The Associate is responsible for documenting model development in accordance with regulatory expectations and internal standards, and for assessing the suitability of models for their intended business purpose.
The role also includes supporting the development and review of model-related policies and procedures, conducting audits of adherence to established frameworks, and designing and executing back-testing methodologies to evaluate model performance and ensure results are reasonable, robust, and reliable.
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.
Matching Summary
The Associate is responsible for documenting model development in accordance with regulatory expectations and internal standards, and for assessing the suitability of models for their intended business purpose.
Skills & Requirements
Must-have
Model Risk Management framework
Credit risk and capital stress testing models
Document model development
Assess model suitability
Model-related policies and procedures
Audits of adherence
Back-testing methodologies
Nice-to-have
Quantitative and qualitative analytical skills
Build and maintain effective working relationships