Model Validation Director

SMBC is seeking a Model Validation Director with strong quantitative background to join the Market & Liquidity Model Validation Team within the Model Risk & Validation Group. The Market & Liquidity Model Validation Team is responsible for the independent validation of all derivative pricing, e-trading, market risk, liquidity risk and xVA/CCR models. This position will be located in the White Plains, NY office within the NYC metropolitan area and will be part of our hybrid workforce model utilizing a combination of in-office and at-home work.

The anticipated salary range for this role is between $202,000 and $236,000. 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.

People manager who will supervise junior team members in conducting end-to-end validations and reviews of derivative pricing, e-trading, market risk, liquidity risk and xVA/CCR models
• Applies robust model validation methodology to assess the conceptual soundness of model theory, quality of model implementation, and model ongoing monitoring
• Develop and maintain documentation, work papers and professional reports of validation results
• 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
• Document model validation procedures and findings, coordinate with stakeholders to resolve issues
• Summarize and present model validation results and findings to management committee
• Communicate technical concepts to non-technical audience

• Master's Degree or PhD in Finance, Mathematics, Physics, Engineering, Computer Science or related quantitative field with 8-10 years of experience. PhD preferred.
• Experience in derivative pricing (particularly interest rate and FX products), interest rate, Counterparty Credit Risk and market risk models.
• Strong analytical skills, both quantitative and qualitative.
• Proficient in programming, especially Python.
• Good problem solver; ability to learn quickly; able to work multiple cross-functional efforts.
• Effective interpersonal and leadership skills, strong communication, especially written.