Vice President, Model Risk (ref.# 8325)

Sumitomo Mitsui Banking Corporation

Jersey City, NJ · HybridFull-time$103–113K/yrSeen todaySeen in employer's feed today

Jersey City, NJHybridFull-time$103–113K/yrSeen todaySeen in employer's feed today

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At a glance

Compensation

$103–113K/yr

Location

Jersey City, NJHybrid

Schedule

Full-time

Work Authorization

Not specified

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Requirements

Credentials this posting asks for.

Master's degree

Job overview

The Vice President, Model Risk will apply robust model validation methodology, assess model theory and implementation, and monitor ongoing model performance. Responsibilities include challenging risk gaps, documenting procedures, presenting findings to management, and communicating technical concepts to non‑technical audiences while collaborating with stakeholders.

Skills & qualifications

RequiredNice to have

Skills

PythonDerivative PricingInterest Rate ModelingMarket Risk ModelingLiquidity Risk Modeling

Qualifications

Master's Degree in FinanceMaster's Degree in MathematicsMaster's Degree in Mathematics of Finance2 Years Experience

Full job description

Compensation

$103,334.00 - $113,000.00 / Yearly

Hours Per Week

Number Of Positions

Job Description

Employer: Sumitomo Mitsui Banking Corporation

Job Title: Vice President, Model Risk (ref.# 8325)

Job Location: 200 Hudson St, Jersey City, NJ 07311

Duties: Apply robust model validation methodology to assess the conceptual soundness of model theory, quality of model implementation, and model ongoing monitoring; validate suitability of models for business purpose according to regulatory prescription and internally developed standards. Effectively challenge identified model risk gaps assessing the model development documentation and communicates findings from validation work to management and stakeholders, including recommendations as appropriate. Apply mathematical, statistical, and qualitative knowledge and skills to perform model validation tasks. Document model validation procedures and findings, coordinating with stakeholders to resolve issues; develop and maintain documentation, work papers and professional reports of validation results. Summarize and presents model validation results and findings to management committee; communicates technical concepts to non-technical audience.

Hybrid remote work permitted.

Requirements: Master’s degree in Finance, Mathematics, Mathematics of Finance or a related field plus 2 years of experience. Special skills: Python; derivative pricing, including interest rate in FS products, interest rate, market risk or liquidity risk model.

The required skill set does not need to be maintained over the full term of the required experience.

Salary range: $103,334 to $113,000/year.

Benefits: https://careers.sumitomocorp.com/content/why-sc-americas/

To apply enter 8325 here: https://careers.smbcgroup.com/smbc/

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