Associate, Counterparty Credit Risk Modeling

About the Company

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history, offering a diverse range of financial services including banking, leasing, securities, credit cards, and consumer finance. The Group operates over 130 offices with 80,000 employees worldwide across nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG), the holding company of SMBC Group, is one of the three largest banking groups in Japan and trades on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group serves corporate, institutional, and municipal clients through a network that includes 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 Group connects clients to local markets and its extensive global network, backed by strong capital and relationships in Asia.

About the Role

We are seeking a highly motivated and detail-oriented Associate to join the Counterparty Credit Risk (CCR) Analytics team. This role will lead model ongoing monitoring, BAU support, and ad-hoc analyses while driving enhancements in data quality, model calibration, and production controls. The position also supports the development and continuous enhancement of CCR models, offering substantial opportunities to gain hands-on experience with the CCR analytics framework, derivatives and SFT valuation methodologies, and broader enterprise risk management practices.

Responsibilities

• Assist in the development and enhancement of PFE methodologies for both existing and new products.
• Perform model calibration and ongoing monitoring activities, including root-cause analysis of breaches and the development of remediation actions.
• Perform BAU support and ad-hoc analyses to investigate production issues, partnering with IT to implement remediation solutions.
• Participate in UAT and collaborate with IT and data teams to support new business initiatives and system enhancements.
• Work closely with the model validation group on model changes and remediation efforts to address validation findings.
• Partner with risk officers, risk reporting, and other stakeholders to enhance the overall CCR framework and strengthen risk management practices.

Requirements

• PhD or Master’s degree in Financial Engineering, Mathematics, Computer Science, Statistics, or a related quantitative field. Professional certifications (e.g., CFA, FRM) are a plus.
• 2–5 years of experience in counterparty credit risk, xVA, or market risk modeling.
• Knowledge of capital markets, derivatives products, SFT products, and related valuation methodologies.
• Strong understanding of CCR concepts (PFE, EPE, collateral, netting) and regulatory requirements.
• Strong analytical, problem-solving, and communication skills.
• Proficiency in statistical programming languages (e.g., Python, SQL) and data visualization tools (e.g., Power BI).
• Ability to manage multiple priorities and work effectively in a fast-paced and collaborative environment.

Schedule

SMBC’s employees participate in a hybrid workforce model, allowing work from home and the office. Employees must live within a reasonable commuting distance of their office location. Hybrid work may not be permitted for certain roles, such as FINRA-registered positions requiring full-time in-office attendance.

Pay

The anticipated salary range for this role is between $95,000.00 and $140,000.00. The specific salary offered will be based on individual qualifications, experience, and an analysis of current compensation in the applicant’s geography and market for similar roles. The role may also be eligible for an annual discretionary incentive award.

Benefits

In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.