Model Validation Specialist

SMBC; Charlotte (NC); On-site; USD 80,000 - 100,000; Full time

Job summary

A leading financial services firm based in Charlotte, North Carolina, is seeking a Model Validation Associate to support the Model Risk Management framework. This role involves conducting independent validations of credit risk and stress testing models, ensuring rigorous compliance and documentation standards. Ideal candidates have a master's degree and experience in model validation or development, and possess strong analytical and communication skills. The position operates under a hybrid work model to provide flexibility for employees.

Qualifications

• Minimum master’s or equivalent degree in Statistics, Mathematics, Engineering, or related fields.
• Strong analytical skills in both quantitative and qualitative metrics.
• Strong written and verbal communication skills, clearly presenting complex information.

Responsibilities

• Conduct model validation across SMBC businesses for intended use and scope.
• Develop validation methodology to assess model quality and implementation.
• Identify model deficiencies and communicate findings with solutions.

Skills

Model validation experience

Statistical analysis

Communication skills

Team collaboration

Education

Master's degree in Statistics, Mathematics, Engineering, or related fields

Job description

Role Description

Reporting to the Manager, Model Validation Group, the Model Validation Associate plays an integral role in the implementation of the Model Risk Management framework for NYB and its subsidiaries. The role involves performing independent validation of credit risk and capital stress testing models, with the objective of strengthening model risk governance and enhancing overall model quality.

The Associate is responsible for documenting model development in accordance with regulatory expectations and internal standards, and for assessing the suitability of models for their intended business purpose. The role also includes supporting the development and review of model-related policies and procedures, conducting audits of adherence to established frameworks, and designing and executing back‑testing methodologies to evaluate model performance and ensure results are reasonable, robust, and reliable.

Role Objectives: Delivery

• Conduct model validation across SMBC businesses and group companies for their intended use and scope, commensurate with the complexity and materiality of the models.
• Develop model validation methodology to assess models to confirm the conceptual soundness of model theory, quality of model implementation, and robustness of ongoing monitoring.
• Identify model deficiencies through validations, communicate the issue with model owners and senior management, and provide feasible recommendations.
• Conduct reviews on model annual assessment, model changes, and ongoing monitoring results.
• Develop and maintain documentation templates, testing packages and automation tools/scripts to standardize validation processes.
• Support audits and examinations for credit risk and stress testing models.
• Communicate findings from validation work to management and stakeholders, including recommendations as appropriate.
• Ensure business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

Qualifications and Skills

• Minimum master’s or equivalent degree in Statistics, Mathematics, Engineering, Computer Science or related fields.
• Preferred experience in model validation and model development; and working with large and complex data sets.
• Knowledge in loss reserve, CECL, capital and stress testing models.
• Knowledge of SR11‑7, CECL, CCAR, and other regulatory requirements.
• Strong analytical skills, both quantitative and qualitative.
• Strong written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Ability to build and maintain effective working relationships with stakeholders at all levels. Demonstrated ability to work collaboratively in a team environment.

Recommended years of experience: 0‑5

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, such as FINRA‑registered roles that require in‑office attendance for the entire workweek.

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 [e-mail].

EOE, including Disability/veterans