Model Validation Lead – Compliance, Financial Crime, Capital Planning, Treasury/ALM & Fraud

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Position details

The use of models presents model risk, which is the potential for adverse consequences from decisions based on incorrect or misused model outputs and reports. Model risk can lead to financial loss, poor business and strategic decision-making, or damage to a banking organization’s reputation. Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

The candidate will report to the Head of Model and EUCC Risk in MGS India. The team is responsible for the enterprise-wide model validation and control function to ensure the continued safety and soundness of models used across the bank. Americas Model Risk Management touches models across all lines of businesses in the Americas and the candidate will have opportunities to work in validation across all areas of the bank.

This is a hands-on role with the additional responsibility for leading a team of 3-4 model quants.

Roles and Responsibilities

• Independently validate models across Compliance, Financial Crime, Capital Planning, Treasury/ALM and Fraud, including both internally developed and vendor-sourced models.
• Conduct end‑to‑end model validation, including review of modeling methodologies, assumptions and limitations, estimation and calibration approaches, and implementation logic
• Design and execute independent testing and benchmarking, including calibration testing, sensitivity analysis, stress testing, back‑testing, and comparison to alternative models or industry practices
• Assess compliance with Americas Model Risk Management Policies and Procedures and U.S. regulatory expectations
• Engage with model developers, model owners, Compliance, Financial Crime, Fraud, Treasury, Finance, Risk, Business and Technology stakeholders to challenge methodologies, resolve validation findings and support remediation while maintaining independence.
• Prepare clear and concise validation reports for senior management, model risk committees, auditors, and regulators; support regulatory examinations as required
• Perform activities across the model lifecycle, including model inventory review and classification, ongoing performance monitoring, annual model reviews, issue tracking, and assessment of material model changes in line with model risk governance standards
• Manage and develop a team of validators, ensuring the quality, consistency, and timely delivery of validation outputs
• Liaise with colleagues across locations to ensure effective coordination across the global model risk organization

Job Requirements

• 6–10 years of experience in model validation or model development within a bank or financial institution
• Strong quantitative foundation in statistics, econometrics and financial risk modelling, with hands-on exposure to regression, logistic regression, time-series modelling, forecasting, scenario analysis, simulation and model performance assessment.
• Experience in one or more of the following areas is required: Capital Planning / Stress Testing, Treasury / ALM, Financial Crime / Compliance, Fraud, Credit Risk, Economic Capital or related banking risk models.
• Experience reviewing or developing model methodologies, assumptions and limitations, calibration techniques, and implementations, with the ability to independently challenge model design and results
• Familiarity with model risk management frameworks and regulatory requirements such as FRB SR 11‑7, OCC 2011‑12 (Model Risk Management), and Basel standards
• Proficiency in at least one programming language used in quantitative analysis (e.g., Python, SAS, MATLAB, R)
• Excellent verbal and written communication skills, with experience interacting with senior stakeholders and regulators
• Experience leading validation workstreams and/or mentoring junior team members in a high‑performance environment
• Advanced degree (Master’s or PhD preferred) in Quantitative Finance, Statistics, Economics, Mathematics, Engineering, Data Science or a related discipline

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.