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Credit Risk Model Validation Jobs (NOW HIRING)

IDBNY

Credit Risk Analytics & Modeling

Manhattan, NY · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Risk Management / Credit Risk Management Location: New York, NY (Hybrid - 3 days in office ... Model Lifecycle Management, Governance & Validation * Lead annual model maintenance activities and ...

Treliant LLC

Credit Model Specialist

$75 - $150/hr

  • Medical

  • Retirement

  • PTO

Advanced degree a plus. * 5+ years of credit risk model validation work experience within the financial services industry. * Strong Python and R programming skills. * Experience using SAS and/or ...

Treliant LLC

Credit Model Specialist

$75 - $150/hr

  • Medical

  • Retirement

  • PTO

Advanced degree a plus. * 5+ years of credit risk model validation work experience within the financial services industry. * Strong Python and R programming skills. * Experience using SAS and/or ...

Amerantbank

Credit Risk Metrics Specialist

Tampa, FL · On-site

... the model validation and ongoing monitoring. Prepares Credit Risk SEC, US-GAPP, OCC and other credit risk financial reporting, development of asset quality presentations, and calculation of Risk ...

Amerantbank

Credit Risk Metrics Specialist

Miami, FL · On-site

... the model validation and ongoing monitoring. Prepares Credit Risk SEC, US-GAPP, OCC and other credit risk financial reporting, development of asset quality presentations, and calculation of Risk ...

Achieve

Senior Data Scientist (Credit Risk)

San Mateo, CA

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Participate in governance and review of credit model methodology, model validation support and ... Minimum of 8 years' hands-on experience in credit risk modeling and portfolio monitoring. For ...

Achieve

Senior Data Scientist (Credit Risk)

San Mateo, CA · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Participate in governance and review of credit model methodology, model validation support and ... Minimum of 8 years' hands-on experience in credit risk modeling and portfolio monitoring. For ...

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All JobsCredit Risk Model Validation Jobs

Credit Risk Model Validation information

See salary details

$37K

$113.9K

$197.5K

How much do credit risk model validation jobs pay per year?

As of Aug 16, 2026, the average yearly pay for credit risk model validation in the United States is $113,881.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,500.00 and $140,500.00 per year, depending on experience, location, and employer.

What is credit risk model validation?

Credit risk model validation is the process of ensuring that models used to assess the creditworthiness of borrowers are accurate, reliable, and compliant with regulatory standards. This involves independent review and testing of the model's design, data, assumptions, and performance. The goal is to identify any weaknesses or limitations that could affect the model's ability to predict credit risk, reduce financial losses, and maintain regulatory compliance. Model validation is typically performed by specialists who are not involved in the model's development to ensure objectivity.

What are the key skills and qualifications needed to thrive in credit risk model validation, and why are they important?

To thrive in Credit Risk Model Validation, you need a strong background in quantitative finance, statistics, and risk management, usually supported by a relevant degree such as in mathematics, finance, or engineering. Familiarity with statistical programming languages (such as Python, R, or SAS), model validation frameworks, and regulatory guidelines like Basel accords is crucial. Attention to detail, critical thinking, and clear communication skills help you effectively analyze models and convey complex findings to stakeholders. These competencies are vital for ensuring accurate risk assessment, regulatory compliance, and the robustness of financial institutions' credit risk models.

What is the difference between Credit Risk Model Validation vs Credit Risk Analyst?

AspectCredit Risk Model ValidationCredit Risk Analyst
Primary FocusAssessing and validating the accuracy of credit risk modelsAnalyzing credit data to assess borrower risk and support lending decisions
Skills & CertificationsStatistical, quantitative skills; certifications like FRM or CFA often preferredFinancial analysis skills; relevant certifications like CFA or credit-specific training
Work EnvironmentQuantitative teams within risk management or model validation unitsCredit departments, lending teams, or risk management units

While both roles involve credit risk, Credit Risk Model Validation focuses on testing and validating models' accuracy, whereas Credit Risk Analysts evaluate individual creditworthiness to inform lending decisions. The validation role is more technical and model-focused, while analysts work directly with credit data and client assessments.

What are some common challenges faced by professionals in credit risk model validation roles?

Professionals in Credit Risk Model Validation often encounter challenges such as staying up-to-date with evolving regulatory requirements and ensuring models remain compliant. They must also navigate the complexities of validating models that use advanced statistical techniques or machine learning, which requires both technical expertise and a thorough understanding of the underlying business context. Additionally, clear communication with stakeholders—like model developers, auditors, and risk managers—is essential to address findings and recommend improvements effectively. Managing tight deadlines and balancing multiple validation projects simultaneously can also be demanding.
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What states have the most Credit Risk Model Validation jobs?

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Credit Risk Model Validation jobs near you
Infographic showing various Credit Risk Model Validation job openings in the United States as of August 2026, with employment types broken down into 2% As Needed, 82% Full Time, 13% Part Time, and 3% Contract. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $113,881 per year, or $54.8 per hour.

Credit Risk Model Owner

Sumitomo Mitsui Financial Group, Inc.

Manhattan, NY • On-site

$85K - $131K/yr

Full-time

Re-posted 26 days ago

Job description

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 $85,000.00 and $131,000.00. 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
SMBC is seeking a Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role is expected to conduct regular model monitoring procedure, finding management, and model governance, communicate with key model stakeholders including Tokyo Head Office, develop credit risk model and report to team leads and senior management.
Role Objectives: Delivery
  • Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicate with team leads, model validation team, model users and other stakeholders
  • Maintain the credit risk related model inventories, work with model validators to prepare the model documentation package, model attestation, etc.
  • Address model risk findings which are issued by model validation group and internal audit generally
  • Develop internal credit risk models collaborating with Tokyo Head Office, Model Validation team and/or external vendors
  • Periodic monitoring on the use of credit models to identify and examine the need for enhancements of the models and their user guidance including training to model users
  • Enhance model management, governance processes and model documentation standards to improve efficiency and accuracy of model validation process

Role Objectives: Interpersonal
  • Communicate with various model stakeholders, including model users, model validators and internal auditors across the bank including Tokyo Head Office
  • Report to team leads and senior management and also lead and train junior members
  • Recommend enhancements to data management process to improve efficiency and accuracy of ongoing performance monitoring
  • Consider the best approach to address the issues and feedback from model users
  • Make presentations to senior management and regulators about credit risk related models and make trainings to model users

Role Objectives: Expertise
  • Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience related to Credit Risk Rating Model is better)
  • Good experience and knowledge as Credit Risk Model Owner including developing credit rating models and documentation
  • Strong presentation skills to create visualized charts/materials for readers including regulators and senior management
  • Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure
  • Ability to communicate appropriately at different levels of the organization to build collaborative relationships

Qualifications and Skills
  • Minimum work experience in model risk management of two years or more such as either model developer, model validator or both (experience related to credit risk rating models is highly desirable)
  • Major in Probability/Statistics/Financial Mathematics/Computer Science preferred
  • Master Degree/CFA/FRM preferred
  • Highly desirable technical and quantitative analysis skills with statistic knowledge and with technical knowledge such as using Excel (VBA), MS Access, SQL, SAS and Python.
  • Excellent interpersonal and written and verbal communication skills
  • Japanese language skill a plus

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, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
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 accommodations@smbcgroup.com.

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