Model Governance Manager

 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 MANUBANK, 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 $213,000.00 and $235,000.00. 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

The Model Governance Manager will be integral in maintaining the integrity, compliance, and performance of financial and operational models within the organization. This role requires collaboration with model developers, risk managers, and business stakeholders to establish and enforce model governance frameworks. The ideal candidate will possess strong analytical skills, effective business communication, attention to detail, and knowledge of regulatory requirements related to risk management

Role Objectives

• Governance Frameworks: Develop, implement, and maintain model governance policies, procedures, and standards to ensure consistent and effective model management.
• Reporting: Create reports and metrics to update stakeholders and governance bodies on the Risk Modelling COE's progress and model risk status.
• Process Enhancement: Identify opportunities to enhance model development governance and controls. Develop business intelligence and technology solutions to standardize and automate key processes.
• Compliance Monitoring: Monitor model usage and performance to ensure compliance with internal policies and external regulations. Present compliance reports to senior management and regulatory bodies.
• Stakeholder Collaboration: Work closely with model developers, risk managers, model validation, and business units to understand their needs and provide feedback on model governance best practices. Assist in project management for key initiatives 
• System & Data Enhancement: Collaborate with IT to develop and maintain cloud based model development platform and modeling data lake. 
• Training and Development: Provide training and support to model users and developers on model governance policies and procedures. Stay informed about industry trends and best practices.

Qualifications and Skills

• Education: Bachelor's degree in communication, business administration, economics, finance or a related field. A master's or MBA degree is a plus.
• Experience: Minimum of 10 years of experience in risk management, project management, risk analytics, or a related field in the financial services industry.
• Technical Skills: Proficiency in business intelligence tools, programming skills, and modern risk analytics platforms.
• Analytical Abilities: Excellent analytical and problem-solving skills, with attention to detail and a commitment to accuracy.
• Communication Skills: Strong written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Interpersonal Skills: Ability to build and maintain effective working relationships with stakeholders at all levels. Demonstrated ability to work collaboratively in a team environment.
• Project Management: Strong organizational and project management skills, with the ability to manage multiple tasks and priorities simultaneously.

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well