Director, Model Risk & AI Audit

SMBC Group; Charlotte, Northern (NC, KY); Hybrid; USD 150,000 - 230,000; Full time

Job summary

SMBC Group is seeking an experienced Audit Director to lead model and model risk audits within the SMBC Americas Division, focusing on AI/model risk management and CCAR governance. The role involves directing audits from planning through reporting, collaborating with stakeholders and regulators, and strengthening governance and internal controls.

The position is based in Charlotte within a Hybrid workforce, with the expectation to work from home and in SMBC offices as schedules permit.

Qualifications

• 7-10 years’ experience in banking/finance or consulting, preferably in 2nd/3rd line of defense for model risk.
• At least 4 years of hands-on audit experience and familiarity with audit techniques, internal controls, and workpaper standards.
• Advanced Degree (Master’s or Ph.D.) in Finance, STEM or other quantitative field.

Responsibilities

• Support IAD Management and Team Lead in refining and executing the broad audit program that covers all models used in financial and non-financial risk management across SMBC Americas Division.
• Assist Model Audit Team Lead with the delivery and execution of IAD's model audit plan and assurance responsibilities. Prepare management reports and regulatory presentations.
• As Auditor-in-Charge (AIC) and assistant to model audit Team Lead, direct and supervise audits from inception to completion including planning, testing, issue identification, workpaper review and reporting.
• Conduct or lead internal audits as auditor in charge and issue validation according to IIA Standards and internal IAD procedures within prescribed timeframes.
• Ensure written and verbal communication of ACRs and individual audit reports as assigned conform with IAD NY methodology and sound judgment.
• Oversee and participate in quarterly and annual continuous monitoring / risk assessment to identify trends and adjust the audit plan accordingly.
• Identify business process improvement opportunities and propose corrective actions.
• Assist with special projects related to IAD strategic initiatives.

Skills

Audit experience

Model risk management

CCAR governance

Regulatory standards

Communication skills

Education

Advanced degree in Finance/STEM/quantitative field

Job description

SMBC Group is seeking an experienced Audit Director to lead model and model risk audits within the SMBC Americas Division, focusing on AI/model risk management and CCAR governance. The role involves directing audits from planning through reporting, collaborating with stakeholders and regulators, and strengthening governance and internal controls.

The position is based in Charlotte within a Hybrid workforce, with the expectation to work from home and in SMBC offices as schedules permit.