SMBC Group · 23 hours ago
Credit Risk Model Owner
New York, NY
Full-time
Hybrid
Entry, Mid Level
$85K/yr - $131K/yr
2+ years expSMBC Group is a top-tier global financial group offering a diverse range of financial services. The Credit Risk Model Owner Associate will monitor and manage credit risk related models, conduct regular model monitoring procedures, and communicate with key stakeholders to enhance model management and governance processes.
AdviceBankingFinancial Services
Responsibilities
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
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
Qualification
Required
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)
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
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
Preferred
Major in Probability/Statistics/Financial Mathematics/Computer Science preferred
Master Degree/CFA/FRM preferred
Japanese language skill a plus
Benefits
Competitive portfolio of benefits
Company
SMBC Group
SMBC Group is a top-tier global financial group.
10001+ employees
H1B Sponsorship
SMBC Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (160)
2024 (87)
2023 (73)
2022 (44)
2021 (29)
2020 (26)
Funding
Current Stage
Late StageLeadership Team
Hirofumi Otsuka
Senior Managing Executive Officer & CEO of Americas Division
Juan Kreutz
Head of Structured Finance Solutions and Deputy Head of the Americas
Recent News
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