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Credit Risk Model Owner Job Opening In New York – Now Hiring SMBC Group

Credit Risk Model Owner

    United States Jobs Expertini Expertini › United States › Jobs › New York › Financial Specialists › Credit Risk Model Owner

Job description

The anticipated salary range for this role is between $85,000.00 and $131,000.00.

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 Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio.

This role is expected to conduct regular model monitoring procedure, finding management, and model governance, communicate with key model stakeholders including Tokyo Head Office, develop credit risk model and report to team leads and senior management.

Role Objectives: Delivery

  • Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicate with team leads, model validation team, model users and other stakeholders

  • Maintain the credit risk related model inventories, work with model validators to prepare the model documentation package, model attestation, etc.

  • Address model risk findings which are issued by model validation group and internal audit generally

  • Develop internal credit risk models collaborating with Tokyo Head Office, Model Validation team and/or external vendors

  • Periodic monitoring on the use of credit models to identify and examine the need for enhancements of the models and their user guidance including training to model users

  • Enhance model management, governance processes and model documentation standards to improve efficiency and accuracy of model validation process

    • .

    Role Objectives: Interpersonal

  • Communicate with various model stakeholders, including model users, model validators and internal auditors across the bank including Tokyo Head Office

  • Report to team leads and senior management and also lead and train junior members

  • Recommend enhancements to data management process to improve efficiency and accuracy of ongoing performance monitoring

  • Consider the best approach to address the issues and feedback from model users

  • Make presentations to senior management and regulators about credit risk related models and make trainings to model users

    • Role Objectives: Expertise

  • Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience related to Credit Risk Rating Model is better)

  • Good experience and knowledge as Credit Risk Model Owner including developing credit rating models and documentation

  • Strong presentation skills to create visualized charts/materials for readers including regulators and senior management

  • Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure

  • Ability to communicate appropriately at different levels of the organization to build collaborative relationships

    • Qualifications and Skills

  • Minimum work experience in model risk management of two years or more such as either model developer, model validator or both (experience related to credit risk rating models is highly desirable)

  • Major in Probability/Statistics/Financial Mathematics/Computer Science preferred

  • Master Degree/CFA/FRM preferred

  • Highly desirable technical and quantitative analysis skills with statistic knowledge and with technical knowledge such as using Excel (VBA), MS Access, SQL, SAS and Python.

  • Excellent interpersonal and written and verbal communication skills

  • Japanese language skill a plus

    • 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.

    Required Skill Profession

    Financial Specialists


    • Job Details

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    SMBC Group interview tips for Credit Risk Model Owner

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