The anticipated salary range for this role is between $95,000.00 and $135,000.00. 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 Management Associate with a strong project management background to join the Model Risk Management Team.
The role is responsible for the execution and delivery of projects in model risk management. Reporting to the Risk Model Validation Executive Director, this person will play a crucial role partnering with stakeholders across the firm including model owners, model developers, IT, audit, senior management and the Board.
Role Objectives :
- Track multi-year projects in Model Risk Management including regulatory compliance programs, IT and systems development and ad-hoc projects
- Ensure robust change management processes and controls and oversee the creation of closure packages for audit and regulators
- Partner with first line model owners and developers to ensure timely completion of findings and issue and ensure that Model Risk programs are fully aligned with other bank programs that impact model risk.
- Facilitate close partnerships and strong collaboration across the entire firm to ensure the model risk programs are aligned with other bank-wide programs to ensure efficient and effective delivery.
Show curiosity and willingness to learn about different units within the firm
Qualifications and Skills
- Recommended years of experience : 3
- Understanding of core Model Risk Management concepts
- Familiarity with Audit requirements and production of issue closure packages
- Project Management experience in Banking, especially with respect to regulatory programs (examinations, issue remediation and regular meetings)
- Bachelor's degree in finance, accounting, or business
- Excellent communication (verbal and written), organizational, and interpersonal skills
- Prior experience within a second line of defense function such as Model Risk Management or EUC Risk Management is ideal
- Familiarity with regulations such as SR 11-7 (Model Risk), Basel, CCAR, and SOX is ideal
- Excel and PowerPoint proficiency is ideal
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