Model Validation Specialist

Smbc Global Foundation Inc

Jersey City, NJ, US
Base: $95,000.00 to $140,000.00; bonus/equity: ann...
On-site
Model validation methodology development
Credit risk and stress testing models
Regulatory compliance with sr11-7 and cecl
The Model Validation Associate plays an integral role in implementing the Model Risk Management framework for NYB and its subsidiaries

Job Summary

  • The Model Validation Associate plays an integral role in implementing the Model Risk Management framework for NYB and its subsidiaries.
  • The role involves performing independent validation of credit risk and capital stress testing models to strengthen model risk governance and enhance overall model quality.
  • SMBC offers a competitive portfolio of benefits and a hybrid workforce model that provides employees opportunities to work from home and office.

Matching Summary

The Model Validation Associate plays an integral role in implementing the Model Risk Management framework for NYB and its subsidiaries.

Salary

Base: $95,000.00 to $140,000.00; Bonus/Equity: Annual discretionary incentive award eligible; Benefits: Competitive portfolio of benefits

Skills & Requirements

Must-have

  • Model validation methodology development
  • Credit risk and stress testing models
  • Regulatory compliance with SR11-7 and CECL
  • Model documentation and assessment
  • Back-testing methodologies design and execution

Nice-to-have

  • Strong written and verbal communication
  • Collaborative team environment
  • Stakeholder relationship management
  • Automation tools/scripts for validation

Key Requirements

  • Master's degree in Statistics, Mathematics, Engineering, Computer Science or related fields
  • 0-5 years of experience in model validation or development
  • Knowledge of SR11-7, CECL, CCAR regulatory requirements
  • Ability to work within hybrid workforce model
  • Proximity to office location for commuting

Work Rights

Must live within reasonable commuting distance

Tailored Resume

Cover Letter