Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career. Join MUFG, where being inspired is expected and making a meaningful impact is rewarded. 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 2-3 model quants. Roles and Responsibilities Independently validate wholesale credit risk models (e.g., internal rating models, PD, LGD, EAD models, credit scoring models and portfolio credit risk) used for risk management, capital calculation, and regulatory reporting 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 development, credit risk, business and technology teams 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 expertise in wholesale credit risk models, such as internal rating systems, PD, LGD, and EAD models, credit scoring models, portfolio credit risk models, and stress testing frameworks Solid grounding in quantitative methods, statistics, and econometrics relevant to credit risk modeling 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, 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. At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them! Our Culture Principles Client Centric People Focused Listen Up. Speak Up. Innovate & Simplify Own & Execute