24 Aug 2026
Frankfurt, HE, DE, 60311
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SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
Who we are
United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives.
We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets.
Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.
Role Summary
Is the next step in your career at SMBC Group EMEA?
We’re looking for an AVP | RMD (m/f/d) - Model Validation - Market/Liquidity/Pricing Assistant Vice President for our Model Risk Management Team.
The role will operate as part of the EMEA Model Validation Team, based in Frankfurt, and will work closely with Group Model Validation team in AD, the MRM EMEA Team and Model Owners and other relevant stakeholders to support delivery of the risk-based EMEA model validation plan.
The role is execution-focused and supports independent validation activities, quantitative analysis, validation documentation, findings management and governance reporting for Market/Liquidity/Pricing models across EMEA.
The anticipated annual salary range for this role is 64,000 – 96,000 €, with the final offer determined based on the candidate’s skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision.
Business Area
The Model Validation Team provides independent assurance that models used across the Bank are fit for purpose, appropriately implemented, and compliant with internal MRM policies and regulatory expectations.
The team performs independent validation and effective challenge of models throughout their lifecycle to ensure model risks are appropriately identified, assessed, and managed.
Position Description
The jobholder’s primary tasks are as follows
Conduct and support independent validations and reviews of pricing, market risk, liquidity, derivative pricing, CCR/xVA, e-trading, and ALM models across EMEA, under the oversight of senior validators.
Apply robust model validation methodology to assess the conceptual soundness of model theory, model assumptions & limitations, implementation accuracy, controls, data quality and ongoing model performance.
Perform quantitative analysis, including back-testing, benchmarking, sensitivity analysis, independent implementation testing and review of model outputs, where applicable.
Prepare clear, well-structured validation documentation, including validation reports, workpapers, findings, model limitations and recommendations.
Support tracking and resolution of validation findings, working with model owners, developers, risk managers, MRM stakeholders and other validation teams.
Communicate technical concepts and validation results, key risks and recommendations clearly to both technical and non-technical stakeholders.
Support model governance activities, including model inventory review, usage monitoring, periodic review support and reporting to relevant governance forums.
Contribute to enhancements of validation tools, templates, testing frameworks, automation and process efficiency.
In order to support the build-out of the EMEA Model Validation Team, ensure strong functional alignment with EMEA Model Risk Management Team and Model Validation Americas Division Team.
Knowledge, Skills, Experience & Qualifications
Master’s degree or PhD in a quantitative discipline such as Finance, Mathematics, Physics, Engineering, Computer Science or a related field. Typically, 2–5 years of relevant experience in model validation, model development, quantitative risk, front office quantitative analytics, treasury, ALM or risk methodology.
Good understanding of pricing, market risk, liquidity, CCR/xVA, e-trading or ALM models, with willingness to develop broader expertise across the model validation portfolio.
Familiarity with model validation techniques, including back-testing, benchmarking, sensitivity analysis, independent implementation testing and performance monitoring.
Good knowledge of applicable model risk and prudential regulatory expectations, including CRR/CRD, FRTB, SA-CCR, CVA, ILAAP, IRRBB, relevant PRA/ECB guidelines, MaRisk and BaFin/Bundesbank expectations; awareness of PRA SS1/23 or equivalent international model risk management standards would be beneficial. Programming and data analysis skills, particularly Python; knowledge of R, SQL, C++ or business intelligence tools would be beneficial.
Proficiency in business intelligence tools, programming skills, and modern risk analytics platforms.
Good analytical and problem-solving skills, both quantitative and qualitative, with attention to detail and a commitment to accuracy.
Strong written and verbal communication skills, with the ability to present complex information clearly and concisely to technical and non-technical stakeholders.
Ability to build and maintain effective working relationships with stakeholders at all levels and to work collaboratively in a team environment.
Competencies
Customer Focus
Driving Change
Driving Results
Embraces Diversity
Enterprise Leadership
Judgement and Decision Making
Risk Management
Strategic and Visionary
Trust and Integrity
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
Hybrid and flexible working
Competitive paid leave days
Benefits to support your physical wellbeing, including private medical insurance
Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
Access a wide range of learning and development opportunities and career progression opportunities
Ambitious remuneration package
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.
We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.
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About SMBC
A trusted partner for the long term
United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, we deliver a full suite of corporate finance products and solutions to our customers, including corporate, structured and trade finance, leveraged finance, loan market and treasury products. We can also provide investment banking and advisory services and a range of innovative solutions in global capital markets.
about what we do and who we are at https://www.smbcgroup.com/emea/careers
