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.
The anticipated salary range for this role is between $95,000.00 and $145,000.00. 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.
Role Description
Reporting to Compliance Model Validation Manager, in the Risk Management Department, Americas Division, the Compliance Model Validation Specialist will lead validation of Compliance models and fraud detection models for SMBC U.S, assessing the conceptual soundness of model design, completeness and accuracy of the input data, effectiveness of the model performance sufficiency of the ongoing monitoring process, etc. The successful candidate should possess an understanding of AML, fraud analytics, data analytics, model tuning, data segmentation techniques, and machine learning. Additionally, the candidate is expected to demonstrate strong teamwork and problem solving skills.
Role Objectives
- Conduct end-to-end validations and reviews of Financial Crime Compliance 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 compliance / fraud regulations and industry best practice
Qualifications and Skills
- Master’s or equivalent degree in Statistics, Mathematics, Engineering, Computer Science, or related fields
- 2+ years experience in model validation, model development, risk analytics or similar area
- Proficient in programming in Python and SQL
- Good understanding of the financial industry and business lines
- Strong reasoning ability, analytical skills, and communication
- Experience in compliance analytics, compliance / fraud model validations, or related domains in financial institutions or consultancies is preferred
- Familiarity with Oracle Database, Actimize SAM, and Fircosoft is preferred
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.