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Sumitomo Mitsui Financial Group, Inc.
Associate, Model Risk
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What they do
A Risk Consultant helps clients to evaluate risk and recommends strategies to mitigate or offset risks that could result in financial losses for a company or organization. May analyze risk in investments, business operations or technology systems at a company. May provide risk management consulting for life insurance, health insurance or other types of insurance companies.
$101,739 / year median in New Jersey
-6% projected decline
Job Description
Sign in with Google Use your Google account to sign into efinancialcareers. Sign in with Google Sign in with Google. Opens in new tab Associate, Model Risk Sumitomo Mitsui Financial Group, Inc. Hoboken, United States Apply now Save Posted 18 hours ago Permanent $112k
- $135k Associate, Model Risk Sumitomo Mitsui Financial Group, Inc.
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., SMBCMANUBANK, 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 $112,778.00 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 Objectives Conduct end-to-end validations and review of BSA/AML/Fraud models utilizing languages and software including SQL, Python/R and Hadoop. Perform assessment on financial model risk based on conceptual soundness, data quality, model/scenarios design, model usage, model implementation, model performance, model control, and ongoing performance monitoring. Identify financial model deficiencies through validations, communicate issues with model owners and senior management, and provide feasible and adequate recommendations. Develop and maintain documentation templates, testing packages and automation tools and scripts to standardize validation processes. Hybrid remote work permitted. Qualifications and Skills Master's degree in financial engineering, mathematics or a related field plus 3 years of experience.Special skills:
advanced data science & financial data engineering (cleanse/parse/restructure/validate); advanced programming languages, including SQL and Python or R, for statistical analysis, data manipulation, and independent model replication testing; statistical testing methodologies, machine learning techniques, data segmentation methods, and stress and sensitivity analysis; model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to apply documentation standards for model development, validation, and governance; and strong understanding of the financial services industry and business lines. The required skill set does not need to be maintained over the full term of the required experience. The role is eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees. For benefit information, please see the Careers page 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. Job ID 8006 Apply now More jobs From Sumitomo Mitsui Financial Group, Inc. Cash Management Client Service- Associate Sumitomo Mitsui Financial Group, Inc. New York, United States 3 days ago Full time $80k
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