Sumitomo Mitsui Banking Corporation
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.
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. The role involves conducting regular model monitoring procedures, finding management, and model governance, communicating with key model stakeholders including Tokyo Head Office, and reporting to team leads and senior management. The anticipated salary range for this role is between $85,000.00 and $131,000.00, with potential eligibility for an annual discretionary incentive award.
Role Objectives: Delivery
Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicating with team leads and the model validation team.
Maintain the credit risk related model inventories, work with model validators to prepare model documentation packages, findings remediation, model attestation, etc.
Develop internal credit risk rating models in collaboration with Tokyo Head Office, the Model Validation team, and external vendors.
Lead credit risk model related projects and report them to senior management.
Perform periodic monitoring of credit model usage to identify and recommend enhancements, including user guidance and training.
Enhance model management, governance processes, and model documentation standards to improve the efficiency and accuracy of the 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; lead and train junior members.
Recommend enhancements to data management processes to improve efficiency and accuracy of ongoing performance monitoring.
Make presentations to senior management and regulators about credit risk related models and provide training 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).
Excellent experience and knowledge as Credit Risk Model Owner, including developing credit rating models and documentation.
Strong presentation skills to create visualized charts/materials for regulators and senior management.
Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure.
Ability to communicate appropriately at different organizational levels to build collaborative relationships.
Qualifications and Skills
Minimum of five years of experience in model risk management, such as model developer, validator, or both (credit risk rating models highly desirable).
Major in Probability/Statistics/Financial Mathematics/Computer Science preferred.
Master’s degree, CFA, or FRM preferred.
Highly desirable technical and quantitative analysis skills with statistical knowledge and technical tools such as Excel (VBA), MS Access, SQL, SAS, and Python.
Excellent interpersonal, written, and verbal communication skills.
Japanese language skill is a plus.
Additional Requirements 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.
Sumitomo Mitsui Banking Corporation
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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. The role involves conducting regular model monitoring procedures, finding management, and model governance, communicating with key model stakeholders including Tokyo Head Office, and reporting to team leads and senior management. The anticipated salary range for this role is between $85,000.00 and $131,000.00, with potential eligibility for an annual discretionary incentive award.
Role Objectives: Delivery
Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicating with team leads and the model validation team.
Maintain the credit risk related model inventories, work with model validators to prepare model documentation packages, findings remediation, model attestation, etc.
Develop internal credit risk rating models in collaboration with Tokyo Head Office, the Model Validation team, and external vendors.
Lead credit risk model related projects and report them to senior management.
Perform periodic monitoring of credit model usage to identify and recommend enhancements, including user guidance and training.
Enhance model management, governance processes, and model documentation standards to improve the efficiency and accuracy of the 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; lead and train junior members.
Recommend enhancements to data management processes to improve efficiency and accuracy of ongoing performance monitoring.
Make presentations to senior management and regulators about credit risk related models and provide training 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).
Excellent experience and knowledge as Credit Risk Model Owner, including developing credit rating models and documentation.
Strong presentation skills to create visualized charts/materials for regulators and senior management.
Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure.
Ability to communicate appropriately at different organizational levels to build collaborative relationships.
Qualifications and Skills
Minimum of five years of experience in model risk management, such as model developer, validator, or both (credit risk rating models highly desirable).
Major in Probability/Statistics/Financial Mathematics/Computer Science preferred.
Master’s degree, CFA, or FRM preferred.
Highly desirable technical and quantitative analysis skills with statistical knowledge and technical tools such as Excel (VBA), MS Access, SQL, SAS, and Python.
Excellent interpersonal, written, and verbal communication skills.
Japanese language skill is a plus.
Additional Requirements 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.
Sumitomo Mitsui Banking Corporation
#J-18808-Ljbffr