Model Risk Governance Specialist

Sumitomo Mitsui Banking Corporation (SMBC)
remote work
United States, North Carolina, Charlotte
Nov 14, 2024
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. The anticipated salary range for this role is between $155,000.00and $190,000.00. 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 Model Risk Manager with strong quantitative background to join the Model Risk Governance Team within the Model Risk & Validation Group. The Model Risk Governance Team is responsible for maintaining policy and procedures, overseeing model risk reporting, and leading efforts to effectively identify new models. This position will be part of our hybrid workforce model utilizing a combination of in-office and at-home work arrangement. Role Responsibilities: Lead effort to continuously improve model identification processes by streamlining existing processes and partnering with other areas within the bank to develop new processes. Oversee the model candidate assessment process and work collaboratively with Model Risk & Validation team to document rationale for decisions made. Oversee enhancements to model risk management framework, policy, and procedures. Support audits and examinations, as well as lead remediation efforts. Develop and enhance model risk metrics reports and present results to senior management. Lead efforts for process and/or system enhancement initiatives required to meet internal audit and/or regulatory expectations. Qualifications and Skills 5+ years of experience in risk management, risk analytics, risk consulting, or related domains in financial institutions or consulting firms Experience with CCAR is preferrable Experience in project management and team management Excellent communication (verbal and written), organizational, and interpersonal skills. Proficiency in Microsoft SharePoint, Microsoft PowerBI, Microsoft Office suite Ability to distill complex data to identify key themes and insights Familiarity with programming languages (e.g. Python, R, VBA, SQL) Additional Requirements D&I Commitment Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent. 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. We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.