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Senior Model Validation Specialist

Company: SMBC Group
Location: White Plains
Posted on: June 4, 2021

Job Description:

SMBC is seeking a Senior Model Validation Specialist with strong quantitative and model risk management knowledge to play an active role in performing governance and independent validation of models including but not limited to credit risk, market risk, liquidity risk, valuation, and stress testing models. The role spans multiple aspects of model validation and model risk governance applicable to the portfolios of SMBC and global entities.


  • Develop robust quantitative validation methodology for qualifying models to confirm the conceptual soundness of model theory and implementation
  • Develop and apply model quality assessment and approval criteria to ensure the integrity of model implementation, inputs, outputs, and reporting
  • Develop and maintain documentation, work papers and professional reports of validation results
  • Prepare presentation and present findings from validation work to management and stakeholders, including recommendations as appropriate
  • Prepare and present model risk reports and assist with writing model risk management policies and procedures when processes change
  • Collaborate with model owners and establish communication rhythm to understand model status and future development
  • Apply numerical, statistical, and qualitative knowledge and skills to perform model validation
  • Document model validation procedures and findings, coordinate with stakeholders to resolve issues
  • Summarize and present model validation results and findings to management committee
  • Communicate technical concepts to non-technical audience
  • Develop and maintain model risk management policies and procedures
  • Measure, monitor, and report model risk to management committee

  • Minimumin credit grading, PD/LGD, CECL and stress testing model development or validationStrong verbal and written skills with ability to write validation reports and prepare presentations for senior managementKnowledge
  • Advanced degree in a quantitative field such as economics, finance, statistics, mathematics, physics, engineering
  • Credible technical and quantitative analytical skills
  • Ability to climb fast learning curves in areas of limited prior experience
  • Inventive and straight-forward problem-solving style
  • Effective interpersonal skills and influence competencies
  • Present complex issues in a clear and concise manner
  • Work simultaneously across multiple cross-functional efforts

Keywords: SMBC Group, White Plains , Senior Model Validation Specialist, Other , White Plains, New York

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