Vice President, Counterparty Credit Risk Analytics

About the Company

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history. The Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance, and operates more than 130 offices with 80,000 employees worldwide across nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group and one of the three largest banking groups in Japan. In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and its extensive global network.

About the Role

We are seeking a highly motivated and detail-oriented Vice President to join the Counterparty Credit Risk (CCR) Analytics team. This role will lead the development, enhancement, and maintenance of CCR models, drive improvements in data quality controls, model performance monitoring, and model calibration. It offers significant exposure to the CCR analytics framework, derivatives and SFT valuation methodologies, and broader enterprise risk management practices.

Responsibilities

• Lead efforts to define and enhance PFE methodologies for both existing and new products.
• Drive CCR modeling requirements and partner with the Risk IT team for implementation.
• Identify model weaknesses and limitations and develop remediation actions and compensating controls.
• Perform root-cause analysis to identify MTM and PFE differences across different valuation methodologies.
• Work closely with the validation group for model changes and address model validation findings.
• Perform model calibration and ongoing monitoring activities, including root-cause analysis of breaches and development of remediation actions.
• Communicate complex modeling concepts and results to a diverse range of stakeholders.

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.
• Minimum 7+ years of experience in counterparty credit risk or market risk modeling.
• Proven model development experience with CCR, XVA, VaR, or stress testing, and familiarity with advanced CCR modeling techniques.
• Strong knowledge of capital markets, derivatives products, SFT products, and related valuation methodologies.
• Solid understanding of CCR concepts (PFE, EPE, collateral, netting) and regulatory requirements.
• Excellent analytical, problem-solving, and communication skills.
• Proficiency in statistical programming languages (e.g., Python, SQL) and data visualization tools (e.g., Power BI).
• Strong project management skills and ability to manage multiple priorities in a fast-paced and collaborative environment.

Schedule

SMBC’s employees participate in a hybrid workforce model, requiring employees to live within a reasonable commuting distance of their office location. Hybrid work may not be permitted for certain roles, including FINRA-registered positions that require in-office attendance for the entire workweek.

Pay

The anticipated salary range for this role is between $138,000.00 and $185,000.00. The specific salary offered will be based on individual qualifications, experience, and an analysis of current compensation in the candidate’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.