Vice President, Model Risk

Job overview

The Vice President, Model Risk role is hybrid in Jersey City, NJ. The anticipated salary range is $103,334–$113,000 per year; the role may also be eligible for an annual discretionary incentive award. SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients. The role validates models for conceptual soundness, implementation quality, ongoing monitoring, and suitability for business purposes under regulatory requirements and internal standards. It challenges and documents model-risk findings, coordinates with stakeholders on issues, and presents technical results and recommendations to management committees.

What you'll do

• Apply model validation methods to assess model theory, implementation, monitoring, and suitability
• challenge model-risk gaps
• review development documentation
• communicate findings and recommendations
• perform validation using mathematical, statistical, and qualitative skills
• document procedures and results
• coordinate issue resolution with stakeholders
• present findings to management committees and explain technical concepts to non-technical audiences.

What we're looking for

Skills & competencies

vice president

model risk

smbc

jersey city nj

hybrid

model validation

risk management

python

derivative pricing

financial services

banking

master's degree

annual incentive eligible

Work arrangement

• Weekend coverage required

Benefits & perks

• Competitive benefits portfolio
• the posting also notes potential eligibility for an annual discretionary incentive award.

Why this role

Hybrid workforce model; master's degree in Finance, Mathematics, Mathematics of Finance, or a related field plus two years of experience required. Python and experience with derivative pricing or interest rate, market risk, or liquidity risk models are specified skills.

About the employer

SMBC is hiring for this role. Industry: Commercial Banking. Sector: 52.