Model Validation Specialist

  • Anywhere

Company :

Location :
White Plains, New York

Expiry Date :
Tue, 15 Dec 2020 23:59:59 GMT

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Description :
Overview SMBC is seeking a qualified individual as a Model Validation Specialist that will report to the Compliance Model Validation Manager, in the Risk Management Department, Americas Division. The Compliance Model Validation Specialist / Sr. Analyst will lead the validation of models and fraud detection models for SMBC. This position will be located in the White Plains, NY office. Responsibilities The selected individual will be responsible for: – Conduct end-to-end validations and reviews of BSA/AML models, assessing model risk from the aspects of data quality, model/scenarios design, model usage, model implementation, model performance, model control and ongoing performance monitoring – Identify model deficiencies through validations, communicate the issue with model owners and senior management, and provide feasible and adequate recommendations – Develop and maintain documentation templates, testing packages and tools to automate and standardize validation processes – Support audits and examinations for compliance and fraud risk models – Maintain up-to-date knowledge in AML/fraud regulations and industry best practice Qualifications The selected individual must possess the following qualifications: – Master’s or equivalent degree in Statistics, Mathematics, Engineering, Computer Science, Economics, or related fields – 4+ years of experience in compliance analytics, BSA/AML model validations, or related domains in financial institutions or consultancies – Working knowledge in data science, with capability to cleanse, parse, restructure, and validated datasets – Experience of developing/validating machine learning models is preferred – Familiarity with Oracle Database, Actimize SAM, and Fircosoft preferred – Proficient in programming in SQL and Python – Good understanding of the finance industry and business lines – Strong reasoning ability, analytical skills, and communication SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (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., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. SMBC is an EO employer – M/F/Veteran/Disability